Cardano

bullish

Coin

<ul class="wp-block-list news-points">
 <li><strong>Over 50% of Cardano holders are back in profit, highlighting ADA’s strong recovery and investor confidence.</strong></li>
 <li><strong>Cardano’s derivatives market activity declines sharply, despite bullish sentiment from top traders on major exchanges.</strong></li>
 <li><strong>Institutional investors drive $34.26B in high-value transactions, as long-term holders show unwavering confidence in Cardano.</strong></li>
</ul>
<p>Cardano’s (ADA) price surged, bringing substantial relief to its investors. More than 50% of ADA holders now hold profitable positions, according to IntoTheBlock. ADA recovered strongly, a pattern consistent with its history of rapid profitability increases. As of November 12, 2024, Cardano trades at <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="noopener noreferrer nofollow">$0.599</a>. Its 24-hour trading volume is over $3.6 billion. The price dropped 4.09% recently, but the asset’s market cap is still $20.98 billion.</p>
<h2 class="wp-block-heading" id="h-derivatives-market-faces-decline">Derivatives Market Faces Decline</h2>
<p>Cardano’s derivatives market slowed considerably. Trading volume fell 25.45%, and open interest declined 10.95%. Additionally, the options market saw a drastic 92.94% drop in trading volume. This indicates reduced market interest, which appears at odds with the optimism of top traders on platforms like Binance and OKX.</p>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeBdkg4PZ7Dj0E-ATBThXrIlrn61ikq-njsnx5wjCwvI_iqKU79SySdysGvdA2WYA8icN201TEiwQpqSdY-2zh1J4c8tZ8vRvFzdmPmqbgzPpl_vFs6836TFiB9qonMZigcdTBr?key=ySxlQGmjXC0RePEYtrPLoNo4" alt="" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.coinglass.com/currencies/ADA" target="_blank" rel="noopener noreferrer nofollow">Coinglass</a>
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 </figure>
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<p>The post <a href="https://coinedition.com/cardano-holders-rejoice-as-over-50-return-to-profitability/" rel="noopener noreferrer nofollow">Cardano Holders Rejoice as Over 50% Return to Profitability</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Cardano Holders Rejoice as Over 50% Return to Profitability

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