Cardano, one of the largest competitors of the Ethereum network and a Layer-1 blockchain token is set to extend its gains this week.
Cardano price likely to extend gains with bullish on-chain metrics The altcoin’s price climbed nearly 20% on Binance in the first week of November and on-chain metrics of the asset point at a bullish scenario. As seen in the chart below, the transaction volume has climbed steadily over the past three months, hitting a top in November. Transaction volume rallied from 237.63 million to 332.08 million on November 6.
The altcoin has yielded consistent gains for holders over the past month.The US SEC seeked a $770 million settlement from cross-border payment settlement firm, Ripple. However, according to pro-Ripple attorney John Deaton, the firm could settle the lawsuit for $20 million or less. Dogecoin Price Forecast: Why this week is important for DOGE holders Dogecoin price has broken free from its declining trend line that has defined the dominant bearish trend for nearly a year.
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