Cardano Surpasses 119 Million Transactions Milestone

Cardano's blockchain has achieved a remarkable milestone by exceeding 119 million transactions, marking a significant increase in user activity and network utility.

This achievement underscores the scalability and efficiency of Cardano's proof-of-stake mechanism, which enables low-cost transactions. As a result, this could appeal to decentralized finance enthusiasts, further boosting on-chain metrics that traders use to gauge market health.

From a trading perspective, this milestone opens up several opportunities across major pairs like ADA/USDT and ADA/BTC. Traders should watch for support levels around recent lows while resistance might emerge near $0.70 based on past price action.