Michaël van de Poppe, also known as CryptoMichNL, broke the news about the growth of ADS. ADS is often seen as an underdog. However, a business insider has just changed the dynamic of the crypto market by pointing out its meteoric growth over the last few days. There has been a significant growth in the overall transaction volume.
Despite this positive on-chain activity, the token’s price has declined significantly. As a result, the token is currently seeing a technical retest. Some insiders suggest that a positive ecosystem of various metrics, along with a price dip, has created a favorable environment for new traders to enter.
Dynamic Price Movement
The cryptocurrency market has recently experienced a brief growth spurt. The dynamic price movements are becoming increasingly dynamic, and this has altered how various ecosystems operate. One token that is garnering significant attention is $ADS, also known as Adshares.
The price of the token might have taken a hit, but insiders have noticed that the on-chain activity is currently on the rise. The daily transaction volume for the token has increased, indicating a growing interest in the token. However, the token has experienced a slump, with its price dropping by 8.3% over the last seven days. At the time of writing, the token is trading at $0.385.
This price drop is said to have attracted a pool of new traders—people who want to enter the blockchain without paying an exorbitant amount. On-chain metrics further support this notion, as there has been a consistent rise in transaction volumes on the Adshares network.
Data suggests that the network grew by 12.5% week-over-week, with an average of approximately 3,200 transactions per day.
Who Could Benefit?
The convergence between declining prices and increasing transactions has created a point of accumulation for the token. This situation presents a great opportunity for swing and long-term traders. However, short-term traders will not be able to notice any considerable return on investment (ROI) if they plan to.
The future of the token appears bright at the moment, largely due to several factors, including an improving regulatory landscape, enhanced tools, and advancements in AI. Therefore, all of these could come together to make things work out for ADS in the grand scheme of things.
Overall, if you are new and want to enter the market, ADS offers the ideal starting point for traders. Therefore, keep an eye out for any price movement.
