Cardano (ADA) Skyrockets 29% in Volume Amid Crypto Bloodbath
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Cardano (ADA) trading volume increases 29% as speculators try to ride market
In the last 24 hours, Cardano (ADA) saw a massive 29% increase in its futures trading volume, reaching over half a billion dollars, as reported by CoinGlass.
This increase reveals a strong shift toward ADA perpetual futures trading, which has outpaced the spot market.
According to CoinMarketCap, Cardano spot trading volume on exchanges totaled $466 million, bringing the total trading volume to nearly $1 billion.
The trend toward futures trading suggests the more speculative nature of trading over long-term investment. The modest change in spot market activity supports this trend, indicating that traders were more focused on futures trading for potential short-term gains.
