For the first time, we will present some on-chain metrics for Cardano and its native token ADA. We look at the number of active addresses, daily transactions, and average transaction fee. Using on-chain metrics, we show that on-chain activity is higher than it was 3 years ago, but we are still at lower prices. This is why I remain bullish on ADA. However, ultimately the market is dictated by Bitcoin. If Bitcoin cools off and does not capitulate, then ADA can hopefully continue to shine! Where do you think the price of ADA will go? Let me know in the comments!
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