Cardano Whales Hoard During Plunge?, What Could Save ADA From Further Losses
Cardano investors have been heavily impacted by current market conditions with ADA losing its spot in the top 5 crypto by market cap. After an impressive rally during 2021, this cryptocurrency has lost critical zones and could return to previous lows. Related Reading | Cardano (ADA) Ready For Rally Towards $1.50? What Indicators Are Saying At the time of writing, ADA’s price trades at $0.87 with a 2.3% loss in the last 24 hours. In higher timeframes, Cardano records a 19.5% and 28.1% loss for the past 30 days and over the past year, respectively. ADA’s price seems to be following the....
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Cardano (ADA) has been one of the most hardly hit cryptocurrencies during the latest market crash. It has so far lost over 60% of its all-time high, putting the majority of its investors right in the loss territory. The downtrend has been a cause for alarm among holders. But it looks like not everyone feels that way as some, mostly whales, have taken this as an opportunity to increase their holdings. Whales Fill Up On ADA A report from analysis firm Santiment shows a broad accumulation trend among whales when it comes to ADA. As the price of the digital asset had crumbled, big investors....
Cardano (ADA) has been on a steady downtrend since September of 2021 after hitting its all-time high of $3.1. This has been one of the most brutal downtrends for its investors, the majority of which are now drowning in losses. However, as they say, that one man’s misfortune is another man’s come up, whales have seen this as a perfect opportunity to buy up as much ADA as they can. They have now ramped up their buying and have accumulated about $200 million worth of ADA in the space of a month. Whales Buy 194 Million ADA Over the past five weeks, Cardano whales have been busy accumulating....
Cardano has announced that Rwanda’s Save the Children foundation had become the latest charity organization to embrace cryptocurrencies. The partnership came to fruition when Cardano had successfully installed a payment gateway that allowed the NGO to receive donations using Cardano’s native currency ADA. The statement released on the Save the Children website explained that thousands […]
Even with the Cardano network hitting seeing good metrics over the last month, the ADA price has remained rather stale in its performance. However, this trend might soon change for the digital asset as multiple developments have emerged that could fast-track its recovery. Cardano Whales Go To Market It is no secret that Cardano whales have often doubled down on their positions even at times when the digital asset has suffered from the bear trends. This has not changed, especially with the most recent dip in the ADA price, which sent the whales into a buying frenzy instead of dumping their....
Cardano is recently witnessing more activities from top whales. The whales have pushed their total Cardano holdings close to 3 billion ADA. According to a crypto analyst @ali_charts, Cardano whale addresses holding between 100 million and 1 billion ADA tokens have been on a huge accumulation campaign. But ADA price is yet to reclaim its hold on the $0.40 it lost last week. Cardano Whales On Buying Spree The crypto analyst noted the top Cardano whales had amassed about 560 million ADA tokens over the past two weeks. He made the report based on data from an IntoTheBlock chart. At the time of....