Cardano Network Activity Skyrockets After Upgrade: Will Prices Follow
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Journalist
Posted:
- ADA’s active addresses showed a significant record responding to the recent network upgrade.
- ADA has been in a continued bearish trend.
Cardano [ADA] recently gained attention with its upgrade at the beginning of this month. Despite the upgrade, there was no immediate change in price or activity. However, ADA’s active addresses have seen a sharp increase over the past three days, reaching their peak levels in months.
Cardano witnesses surge in active addresses
An analysis of Cardano’s daily active addresses indicates a recent spike to its highest level in over five months. Data from Santiment shows ADA’s daily active addresses surged past 52,000 on September 5.
This figure dipped to around 39,400 the next day but remained significant since May. By September 7’s trading close, active addresses further fell to about 31,600.
Source: Santiment.
This marks the first instance where Cardano observed an uptick in active addresses amid these declines. The sudden spike may reflect growing interest and engagement within Cardano’s ecosystem—perhaps as a delayed response to the network upgrade. Although initial impacts of the update were muted, increased activity might suggest users are starting to recognize its benefits.
An increase in user engagement can potentially signal heightened usage and participation within Cardano’s network as we progress into upcoming months.
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A review of Cardano’s daily chart reveals it is still facing downtrends; however it has exhibited some positive momentum over recent hours.
AskFX analysis indicates that ADA closed its last trade at $0.32; reflecting a gain of nearly 3.4%. Currently trading at $0.33 represents another rise of approximately 2.
7%.
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If it sustains an upward trajectory , this could mark consecutive gains above
% over two weeks for Cardano .
Should this uptrend persist , we might see affirmations indicating that ADa may resume an upward path.
Source: TradignView .
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