{"id":31924,"date":"2024-11-04T19:00:43","date_gmt":"2024-11-04T16:00:43","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=31924"},"modified":"2024-11-04T16:28:21","modified_gmt":"2024-11-04T13:28:21","slug":"cardano-ada-price-drop-weakening-on-chain-metrics-take-effect","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/cardano-ada-price-drop-weakening-on-chain-metrics-take-effect\/","title":{"rendered":"Cardano (ADA) Price Drop: Weakening On-Chain Metrics Take Effect"},"content":{"rendered":"<p><strong>Cardano<\/strong>\u2019s ADA token has been experiencing a price drop in recent days, with factors such as weakening on-chain metrics, decreased investor interest, and loss of liquidity negatively affecting the price. As of November 4, ADA fell for the third day in a row, losing 9.6% from $0.363 to $0.328.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/cardano-ada-price-drop-weakening-on-chain-metrics-take-effect\/#Why_is_Cardano_Price_Falling\" title=\"Why is Cardano Price Falling?\">Why is Cardano Price Falling?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/cardano-ada-price-drop-weakening-on-chain-metrics-take-effect\/#Weakening_Onchain_Cardano_Metrics\" title=\"Weakening Onchain Cardano Metrics\">Weakening Onchain Cardano Metrics<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_is_Cardano_Price_Falling\"><\/span>Why is Cardano Price Falling?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to TradingView data, ADA entered a downtrend from $0.363 on November 2, and fell to $0.328 on November 3. ADA is trading at $0.332, down 2.7% in the last 24 hours.<\/p>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/what-is-babydoge\/\">What is BabyDoge?<\/a><\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Weakening_Onchain_Cardano_Metrics\"><\/span>Weakening Onchain Cardano Metrics<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Artemis data suggests that the decline in the ADA price coincides with the decline in investor interest and liquidity in Cardano. According to Artemis Terminal, ADA\u2019s daily decentralized exchange (DEX) trading volume fell from $4.2 million on October 31 to $1.83 million on November 3, the lowest level since mid-October.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-31928 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/cardano.webp\" alt=\"\" width=\"2549\" height=\"1338\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/cardano.webp 2549w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/cardano-300x157.webp 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/cardano-1024x538.webp 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/cardano-768x403.webp 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/cardano-1536x806.webp 1536w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/cardano-2048x1075.webp 2048w\" sizes=\"auto, (max-width: 2549px) 100vw, 2549px\" \/><\/p>\n<p>During this period, Cardano\u2019s overall daily trading volume decreased by 51%, from approximately $545 million to $361 million. Additionally, DefiLlama data shows that the total value locked (TVL) on the Cardano network fell from $248.6 million on September 28 to $208.5 million as of November 4.<\/p>\n<p>The decline in daily trading volume, DEX volume, and TVL parallels ADA\u2019s 7% loss in value over the last 30 days, indicating that overall trading and trader interest in Cardano is decreasing.<\/p>\n<hr \/>\n<p><em>You can join our <strong><a href=\"https:\/\/t.me\/coinengineernews\">Telegram<\/a> <\/strong>channel to not miss the news and stay informed about the crypto world.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano\u2019s ADA token has been experiencing a price drop in recent days, with factors such as weakening on-chain metrics, decreased investor interest, and loss of liquidity negatively affecting the price. As of November 4, ADA fell for the third day in a row, losing 9.6% from $0.363 to $0.328. Why is Cardano Price Falling? According<\/p>\n","protected":false},"author":6,"featured_media":31927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[514,513,3495,9282],"class_list":["post-31924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-ada","tag-cardano","tag-cardano-ada","tag-cardano-downfall"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano (ADA) Price Drop: Weakening On-Chain Metrics Take Effect - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/cardano-ada-price-drop-weakening-on-chain-metrics-take-effect\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano (ADA) Price Drop: Weakening On-Chain Metrics Take Effect - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Cardano\u2019s ADA token has been experiencing a price drop in recent days, with factors such as weakening on-chain metrics, decreased investor interest, and loss of liquidity negatively affecting the price. 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