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