An important on-chain metric for Cardano (ADA) has recently hit an all-time high (ATH), which highlights the confidence in the cryptocurrency despite its current underperformance in the market.
Several other bullish metrics also indicate that Cardano could be on the verge of a significant price rally.
Notably, long-term ADA holders' holdings have reached an ATH, as revealed by market intelligence firm IntoTheBlock.
Source: bitcoinist.com ↗