BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Cardano Whales Quietly Fueling 65% ADA Rally This Year, According to Blockchain Analytics Firm Santiment

Cardano Whales Quietly Fueling 65% ADA Rally This Year, According to Blockchain Analytics Firm Santiment
Blockchain analytics firm Santiment says that massive holders Cardano ( ADA ) are driving up the price of the eighth-largest crypto asset by market cap. 
From trading at around $0.246 on January 1st to $0.412 last week, Santiment says the increase is primarily due to the heavy accumulation of deep-pocketed Cardano investors to the tune of 405.85 million ADA, worth $162.34 million at time of writing.

On Friday, the Cardano network saw 105 transactions worth over $100,000, the highest since crypto exchange FTX collapsed in November, according to Santiment.
“Cardano’s price is up +65% in 2023, and key shark and whale accumulating has had a lot to do with this. Addresses holding 100,000 to 100,000,000 ADA now hold the most in their combined wallets since Nov. 8th. Today, $100,000+ whale transactions hit a 12-week high.”
Source: Santiment/Twitter
At time of writing, Cardano is trading at $0.40.
The Bitcoin ( BTC ) network also witnessed its biggest transaction in four weeks with a new wallet receiving $313.1 million worth of the king crypto in a single transaction, according to Santiment. 
“Eight hours ago, the largest Bitcoin transaction in four weeks took place. This brand new whale address went from nothing to suddenly holding ~13,369 BTC (worth ~$313.1 million) after a single transfer. Track this wallet here as prices fluctuate going forward.”
Source: Santiment/Twitter
The flagship cryptocurrency is now trading for $23,388, up from $16,531 at the start of the year for a 40% gain. 
Santiment also says that high-volume transactions are being witnessed on several altcoin networks, including Loopring ( LRC ), Aave ( AAVE ), dYdX ( DYDX ) and Curve ( CRV ).
“Big whale transaction numbers are showing up on several altcoin networks today. This doesn’t necessarily mean a dump is in progress, but it does indicate that increased volatility is likely”
Source: Santiment/Twitter
At time of writing, CRV, the governance token of stablecoin-focused decentralized exchange Curve Finance, is worth $1.09.
Source: Santiment/Twitter
At time of writing, the governance token of decentralized exchange dYdX is trading at $3.01.
Source: Santiment/Twitter
At time of writing, LRC, the native token of decentralized exchange Loopring, is trading at $0.40.
Source: Santiment
At time of writing, the governance token of decentralized lending platform Aave is worth $88.70.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter , Facebook and Telegram

Surf The Daily Hodl Mix



Check Latest News Headlines

 


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Evgeny Ostroushko/AlexRoz
The post Cardano Whales Quietly Fueling 65% ADA Rally This Year, According to Blockchain Analytics Firm Santiment appeared first on The Daily Hodl .

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ Cardano Whales Quietly Fueling 65% ADA Rally This Year, According to Blockchain Analytics Firm Santiment


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News



Dokky PRO - Bookcase Shop Script