Cardano’s ADA has been bouncing back from regulatory scrutiny and has seen significant growth in the past week. The cryptocurrency has gained momentum among traditional finance and is currently valued at $0.3021 with a market cap of $10 billion. The sentiment surrounding Cardano has shifted to bullish territory, and whales have shown increased interest with over 30,000 large transactions occurring since June 19. Additionally, retail investor adoption is rapidly growing, as Cardano has added an average of over 2,400 new wallets daily in June. Exciting developments have taken place in the Cardano ecosystem, including the release of the latest version of Lace and the highly anticipated Node 8.1.1 update. However, an upcoming liquidation event by defunct crypto lender Celsius could introduce volatility and market uncertainty.
AI Sentiment: Positive
