The analysis firm highlighted one of the reasons behind the significant rise of Cardano (ADA) in the last month.
On-chain analysis platform Santiment dated December 12 in sharing, He focused on the strong price movement of ADA in the last month. Cardano network according to on-chain data provided by Santiment 17 November the day suddenly 34,900 wallets experienced a decrease.
Almost all of the wallets in question Between 1 and 10 ADA was holding assets. Such a large wallet reduction is usually to capitulation And a potential price turning point The Santiment front emphasized that ultimately the change in the ADA price confirmed this.
In the approximately 1-month period passing over the region determined by the analysis company as the turning point for the price, ADA 65% rose.
According to CoinGecko data, in the last 24 hours 3.1% increase exhibiting ADA, at the time of writing from $0.610 is being traded.
Critical Details of the 65 Percent Rise of the Favorite Altcoin Revealed! The article titled was prepared by Tugay Erdem and published on koinbulteni.com.