News Formal

Cardano remains bullish in derivatives despite market shift

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 68%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Some of Cardano's key derivative metrics have remained positive in the last few days despite its poor price trend.

recently dropped from its position as the ninth-largest cryptocurrency by market cap. However, its derivatives market remains strong, with a slight increase in trading volume and open interest observed recently.By the end of trading on 4th June, the volume was around $270 million, reflecting an increase of over $10 million in the past 24 hours.Additionally, the increase in volume was mirrored in the Open Interest, indicating more cash flowing into ADA from investors.

ADA dropped to tenth place in the market capitalization rankings as TON experienced a price surge that ADA couldn’t match.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shiba Inu dangerously close to Cardano’s market cap: Can SHIB beat ADA?Shiba Inu's market capitalization has recently increased to over $16 billion, and this has pitted it close to Cardano in market cap.
Source: CryptoAmb - 🏆 22. / 68 Read more »