Cardano NVT Ratio Surges, ADA Price at Crossroads: What to Expect?

Cardano NVT ratio soared to its highest point since June, raising concerns about ADA’s price stability as on-chain activity slowed. This signal typically suggests potential overvaluation, making ADA’s recent struggles notable. As Cardano’s price growth outpaced network activity, ADA investors questioned whether the price would rebound or drop further. Without a substantial rise in engagement... source: https://www.thecoinrepublic.com/2024/10/31/cardano-nvt-ratio-surges-ada-price-at-a-crossroads-what-to-expect/