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Data: The NVT ratio of Cardano has risen to its highest level since June

2024-10-29 18:38:59
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ChainCatcher news, according to IntoTheBlock, the NVT ratio of Cardano has risen to its highest level since June, indicating that on-chain activity has decreased relative to price growth.

Historically, the NVT ratio tends to rise before a price pullback. Without more on-chain participation, Cardano's price may struggle to maintain momentum.

(Source Link)
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Cardano NVT ratio IntoTheBlock
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