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Cardano Forms Strong Base At $0.13, Transaction Volumes Remain Low

Cardano forms a strong base at $0.13 but the transaction volume still remains a concern for the investors. ADA saw a notable decline yesterday that was correlated with Bitcoin’s plunge to $11,000 as we reported in the previous Cardano ADA news. Cardano forms a strong base at $0.13 but the bulls defended the level on a few occasions over the past day. Despite not establishing a bearish technical formation, some investors are concerned about ADA’s blockchain because of the low transaction volume. One analyst noted that compared to other chains with similar volumes suggesting that the current market capitalization could…

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