$ADA showing fundamental strength following series of new releases
According to OpenCNFT, ADA became the third largest NFT protocol. Despite the massive drop in the popularity of non-fungible tokens, Cardano's NFT market remained isolated and maintained a steady trading volume despite the poor state of the digital arts industry.Almost a 50% trading volume increase could be a sign of an upcoming recovery. In addition to NFTs, Cardano is seeing the highest in half a year volume increase on the decentralized finance platform MinswapDEX.
is suffering a severe sale on the market, as investors are dropping their ADA holdings despite being in heavy losses. The series of large sales appeared after bears pushed ADA to a new multi-month low at $0.42 which has caused a panic among certain layers of investors that started to drop their assets despite facing massive losses.
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