Cardano millionaires are increasing their holdings, with a 3.19% increase in the last 30 days for those who own 100 million to 1 billion ADA. Additionally, addresses with a balance between 10,000 and 100,000 ADA have also been accumulating, adding 50 million ADA. This accumulation suggests a belief in the potential positive momentum of Cardano’s price. The Cardano ecosystem is gaining confidence as its DeFi TVL (Total Value Locked) reaches unprecedented heights. The recent Alonzo hard fork upgrade added smart contract capability to the network, enabling the development of decentralized apps on the blockchain. Overall, Cardano’s price and market movement are being observed by cryptocurrency analysts and investors.
AI Sentiment: Positive