Ranked 8th by market value cardano, recorded an increase of 12.92% in the last week. challenging the broader market correction with this increase. ISLANDIt is trading at $0.2741 at the time of writing.
Other altcoins are providing single-digit returns compared to Cardano, which has double-digit gains on a weekly basis.
On-chain data provider evaluating this performance of ADA centimentHe said the whales are back in action.
Between 1 million and 100 million ISLAND Stating that the Cardano whale addresses that hold the card are once again operational, Santiment said:
“Cardano is currently enjoying a little volatility, and addresses holding between $1 million and $100 million ADA could be the main validator to watch for price breakouts.
Cardano whales, which received 568.4 million coins in the last 2 months of 2022, added 217.2 million ADA to kick off 2023.”
📈 #Cardano is enjoying a mini surge at this hour, and addresses holding between 1M to 100M $ADA may be a main validator to watch for a price breakout. After dumping 568.4M coins the final 2 months of 2022, they have added back 217.2M $ADA to start 2023. https://t.co/4aVmr641Lh pic.twitter.com/6mSVYKYfpY
— Santiment (@santimentfeed) January 6, 2023
Despite the crypto winter of the past 2022 cardano The development team is working on several developments for the blockchain network. In this context, experts expect Cardano network and price to be positively affected and ADA to see a surprise rally in 2023.
Cardano’s best to keep in 2023 altcoinCrypto Capital Venture founder Dan Gambardello, who stated that he will be one of the companies, thinks that ADA will perform very well in 2023.
*Not investment advice.
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