Despite a recent correction in the cryptocurrency market, Cardano whales continue to accumulate ADA, indicating their confidence in the project’s long-term prospects. The total market capitalization of the cryptocurrency sector has fallen by 3%, but Cardano wallets holding 100,000 or more ADA have reached a 16-month high. On-chain analytics firm Santiment also highlights increased trading volume in other altcoins, including Shiba Inu ($SHIB) and Solana ($SOL). Cardano’s recent development activity and historical price movement patterns suggest a potential surge in ADA’s price in the future. However, investors should conduct their own research and consider the risks before making investment decisions. The article advises readers to remain informed as the cryptocurrency market is highly volatile.
AI Sentiment: Positive