Cardano

<ul> 
 <li><strong>Cardano reaches 8th rank with a $10B market cap, as per Santiment.&nbsp;</strong></li> 
 <li><strong>Currently, ADA is trading at $0.29 with a 0.69% dump in the last 24H.</strong></li> 
</ul> 
<p>In accordance with the metrics and records of <a href="https://app.santiment.net/charts?settings=%7B%22slug%22%3A%22cardano%22%2C%22ticker%22%3A%22ADA%22%2C%22from%22%3A%222022-08-07T07%3A00%3A01.216Z%22%2C%22to%22%3A%222023-08-08T06%3A59%3A59.216Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22HolderDistributionCombinedBalanceWidget%22%2C%22wm%22%3A%5B%22%5B3%3Bpercent_of_holders_distribution_combined_balance%3B100k_to_1M%3B1M_to_10M%5D%22%2C%22price_usd%22%2C%22transaction_volume%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%2C2%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%23FFCB47%22%2C%22%23000000%22%2C%22%2345289b%22%5D%2C%22ws%22%3A%7B%221%22%3A%7B%22node%22%3A%22candle%22%2C%22interval%22%3A%221d%22%7D%2C%222%22%3A%7B%22interval%22%3A%227d%22%7D%7D%7D%5D" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>, an analytics platform, the sharks and the whales of the crypto world have accumulated Cardano (ADA) to its current rise compared from its highest since 2022. Moreover, ADA has reached 8th rank with its market capitalization of around $10 billion.</p> 
<div align="center"> 
 <blockquote class="twitter-tweet"> 
  <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9d0.png" alt="🧐" class="wp-smiley" style="height: 1em; max-height: 1em;"> As <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Cardano</a> sits just above $0.29, whales and sharks holding between 100K-10M <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ADA</a> have accumulated back to their highest level since September, 2022. Additionally, <a href="https://twitter.com/hashtag/onchain?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#onchain</a> transaction volume has been rising nearly every week for the past 6 months. <a href="https://t.co/x9mUHDIhnx" target="_blank" rel="noopener noreferrer nofollow">https://t.co/x9mUHDIhnx</a> <a href="https://t.co/X9WphDpPvy" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/X9WphDpPvy</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1688789040815075328?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 8, 2023</a> 
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>Considering the transaction volume of ADA, Santiment reports that the last week remarks the consecutive rise of over 67 billion. Meanwhile, the effective accumulation of Cardano among the crypto investors in the last 6 months is huge. Around 100K to 10M ADA holdings are recorded so far and have included more when the price hits $0.29.&nbsp;</p> 
<p>The Cardano wallets have accumulated more than $116M since 21st May of 2023. Currently, <a href="https://thenewscrypto.com/cardano-ada-price-shows-resilience-possible-upside-ahead/" target="_blank" rel="noopener noreferrer nofollow">ADA</a> is trading at $0.292 which has fallen by 0.69%. The on-chain transaction volume is hitting an increase with the concern for graphical statistics.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/f5uXyy-ilSjC8-2vXTvjO_B2JrKQPDi2r_0BVoUZ_Fj4RQKe7ca-h-F9gtcJQDhFnxR_qAdeY1vpYDmyMnu2cM2WA8nT2QzMMrDri-QvYBiyVakSredwymNcQCr1AguzPxfId8lD_tbNspLFAdgBrYs" alt=""> 
  <figcaption class="wp-element-caption"> <em>Cardano (ADA) Chart (Source: </em><a href="https://app.santiment.net/charts/RJ4Z2-PY__sCl" target="_blank" rel="noopener noreferrer nofollow"><em>Santiment</em></a><em>)</em> 
  </figcaption> 
 </figure> 
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<p>The technical analysis shows that the buyers turned more assertive towards Cardano purchases. Moreover, the whales and sharks constitute the dominance of ADA holders in the bullish state despite the price drop. Furthermore, the recent Q2 report of Messari <a href="https://thenewscrypto.com/how-is-cardano-ada-performing-as-of-2023/" target="_blank" rel="noopener noreferrer nofollow">revealed</a> the decentralized application (dApp) transactions with the tech stats.&nbsp;</p> 
<p>Cardano’s development team is aggressively working towards creating an effective performance than Ethereum’s development team. Thereby, there is no such launch set for the end of 2023 yet the GitHub repository is active with robust activity.&nbsp;</p> 
<p><strong>Related Crypto News:</strong></p> 
<p><a href="https://thenewscrypto.com/how-is-cardano-ada-performing-as-of-2023/" target="_blank" rel="noopener noreferrer nofollow">How is Cardano (ADA) Performing as of 2023?</a></p>

Cardano (ADA) Pumps With Increasing Whale Accumulation, Reports Santiment

TheNewsCrypto

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