Cardano Whale Transactions Signal $ADA Upside As On-Chain Activity Hits Extreme Bullish Levels ⋆ ZyCrypto - BitcoinEthereumNews.com
TeknolohiyaAng Cardano Whale Transactions Signal na $ADA Upside As On-Chain Activity Hits Extreme Bullish Levels ⋆ ZyCrypto06 / 04 / 2022Balita ng Ethereum ng Bitcoin As the meltdown in the crypto markets continues, we are seeing the value of several cryptocurrencies swoop. The latest of the lot, Kardan (ADA) traded below $0.55 on Friday. Consequently, the market capitalization of the cryptocurrency plunged from above $20 billion to just above the $18 billion mark. However, Cardano whales were on hand to come to its rescue as they accumulated the cryptocurrency en masse with the longing of driving its price back up. According to data released by the on-chain data provider Santiment, close to 160 Mga balyena ng cardano purchased $ADA worth over $100,000 on Friday. The data also revealed that the transactions occurred just six hours late Friday. Image Source: Santiment Revealing these transactions, Santiment wrote: “ADA Spiked to about 160 $100K plus transactions over the span of 6 hours on Friday.” Following this wave of whale accumulation, the Cardano price rose over 6%, bumping to levels just above $0.57, with its market capitalization rising to above $19 billion. In the process, this accumulation helped Cardano usurp XRP, making it the sixth-largest cryptocurrency by market valuation. $ADA