Cardano's (ADA) Open Interest (OI) experiences a significant surge, indicating renewed interest from traders and investors. The price of ADA also sees an uptick, accompanied by increased trading volume.
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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.Cardano’s (ADA) Open Interest (OI) surged in the last 24 hours. The OI increase coincides with broader crypto market factors like price increases and renewed interest from whales. According to figures, Cardano’s Open Interest has reached 707.38 million ADA, worth approximately $629.47 million. This represents a 1.79% increase in the last 24 hours. Although it is a mild increase, it provides insight into the activities of ADA investors on the broader cryptocurrency market.A critical look at the data shows increased trading activity across two exchanges: Bybit and Binance. These two crypto exchanges registered $218.78 million and $213.10 million, respectively. Both account for 68.6% of Open Interest trading activities. Other exchanges that posted volumes in the tens of millions include Bitget, OKX and BingX, with $83.78 million, $47.74 million and $29.04 million, respectively. These three exchanges contributed 25.5% of the trading activity, making up the top five. The increased activity signals revived interest from traders and investors who have decided to reenter the ADA market. The price retracement of the asset over the past week could have triggered this attraction to ADA.Cardano’s price is currently trading for $0.8781 as of this writing, representing a 1.22% uptick. Meanwhile, trading volume has climbed by 22.12% to $863.67 million as more investors flock to explore the coin. The increasing trading activity suggests that ADA might be on its way to cross the $1 price level
Cardano ADA Open Interest Crypto Market Price Increase
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