More Whales On The Horizon
$1.5 billion comes into Cardano in 1 day
Cardano Ecosystem Price Surge
In the space of 24 hours Cardano ADA’s market cap jumped from around $10 billion to just over $11.5 billion with an increase in the price of ADA going from $0.27 to $0.34 at its peak before retracting down to $0.32.
There has also been an increase in large wallets with 28 unique addresses now holding 1 million ADA each.
After a year of disappointment and delays could 2023 be the year Cardano starts heading in the right direction?
Cardano News is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
Cardano’s Other Tokens
It wasn’t just ADA that had a nice pump, a lot of Cardano based tokens also saw their prices increase at the same time, tokens like Charli3, ADAX, Meld, Hosky and more all over 20% increases across the 7 day.
Are we anticipating another pump when DJED and USDA are released?
As you’ll probably be aware by now, we have 2 stablecoins set to go live soon. Can these events cause another price explosion?
From the amount of money now coming into Cardano it seems it’s starting to look like a safe investment for whales.