Cardano’s ADA Records $6.33 Billion in On-Chain Volume, Marking 16% Surge Over the Last 7 Days

Cardano’s ADA records $6.33 billion in on-chain volume

This marks a 16% surge over the last 7 days

ADA is expected to reclaim its previous ATH price soon.

The current bull cycle is bringing the best of some blockchains that have been working extremely hard since the last bull cycle, or longer. To highlight, Ethereum, Cardano, and Ripple have been gaining a lot of attention this bull cycle, bringing success and bullish expectations. In detail, Cardano’s ADA records $6.33 billion in on-chain volume, marking a 16% surge over the last 7 days

Cardano’s ADA Records $6.33 Billion on On-Chain Volume

The ongoing crypto bull cycle is slowly passing the baton from the pioneer crypto asset, Bitcoin (BTC), to the altcoin market led by the pioneer altcoin, Ethereum (ETH). Since the price of ETH finally went on to set its first ATH price in the $4,900 price range, beating out its previous ATH in the $4,800 price range, bullish sentiment for the cycle’s long-awaited altseason has grown stronger

Despite the bearish allegations for the crypto market to enter a brutal correction phase soon, based on historical data, most analysts remain cautiously bullish for the short-term and heavily bullish for the long-term, meaning that even if a correction did take place, the crypto market is slated to recover quickly, as a bull market is still in play. What’s more, the fact that ETH just set its first ATH price for the bull cycle means that altseason is yet to begin

Among the many bullish altcoins in the market at the moment, a few promising ones have already gone on to set new ATH prices, such as FET, ONDO, and SUI that set ATHs last year, SOL, that set a new ATH earlier this year, and BNB that set a string of new ATH prices just before ETH set its ATH this cycle. Meanwhile, the price of several legacy altcoins like XRP have been nearing their previous ATH prices

ADA Sees 16% Surge Over Last 7 Days

At the same time, altcoins like DOGE, WIF, and ADA have been pumping steadily in price, leading analysts to expect that these altcoins will soon reclaim their previous ATH prices. At the moment, Cardano and its native token ADA are one of the most bullish altcoins in the market. This is because of the incredible number of milestones the Cardano ecosystem has accomplished since the last bull cycle

Adding another milestone to its list of accomplishments is, as we can see from the post above, that Cardano (ADA) has recorded $6.33 billion in on-chain volume over the last 7 days. This marks a 16% surge for ADA. According to CoinMarketCap data, the price of ADA is currently trading at $0.9, seeing a 3% surge over the last 24 hours. The altcoin will have to pump over 70% to reclaim its previous ATH of $3.10/