Logo
Cardano Ecosystem

Thenewscrypto

08/08/2023

·

136 views


Cardano (ADA) Pumps With Increasing Whale Accumulation, Reports Santiment

Cardano reaches 8th rank with a $10B market cap, as per Santiment.  Currently, ADA is trading at $0.29 with a 0.69% dump in the last 24H. In accordance with the metrics and records of Santiment, an analytics...

Cardano (ADA) Pumps With Increasing Whale Accumulation, Reports Santiment
  • Cardano reaches 8th rank with a $10B market cap, as per Santiment. 
  • Currently, ADA is trading at $0.29 with a 0.69% dump in the last 24H.

In accordance with the metrics and records of Santiment, an analytics platform, the sharks and the whales of the crypto world have accumulated Cardano (ADA) to its current rise compared from its highest since 2022. Moreover, ADA has reached 8th rank with its market capitalization of around $10 billion.

Considering the transaction volume of ADA, Santiment reports that the last week remarks the consecutive rise of over 67 billion. Meanwhile, the effective accumulation of Cardano among the crypto investors in the last 6 months is huge. Around 100K to 10M ADA holdings are recorded so far and have included more when the price hits $0.29. 

The Cardano wallets have accumulated more than $116M since 21st May of 2023. Currently, ADA is trading at $0.292 which has fallen by 0.69%. The on-chain transaction volume is hitting an increase with the concern for graphical statistics. 

Cardano (ADA) Chart (Source: Santiment)

The technical analysis shows that the buyers turned more assertive towards Cardano purchases. Moreover, the whales and sharks constitute the dominance of ADA holders in the bullish state despite the price drop. Furthermore, the recent Q2 report of Messari revealed the decentralized application (dApp) transactions with the tech stats. 

Cardano’s development team is aggressively working towards creating an effective performance than Ethereum’s development team. Thereby, there is no such launch set for the end of 2023 yet the GitHub repository is active with robust activity. 

Related Crypto News:

How is Cardano (ADA) Performing as of 2023?

A computer science engineering graduate who dives nook and corner of an engaging career with a keen interest in content creation, currently exploring the field of Crypto.

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Thenewscrypto

ORIGINAL SOURCE

https://thenewscrypto.com/cardano-ada-pu...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from Thenewscrypto

See more
Cardano Wallet Holding $50M ADA Starts Accumulating Alternative Token Currently Priced at Just $0.11
Thenewscrypto
Cardano Wallet Holding $50M ADA Starts Accumulating Alternative Token Currently Priced at Just $0.11

02/12/2024

·

118 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)