Cardano

<ul class="news-points"> 
 <li><strong>Santiment highlighted in an X post yesterday that ADA’s market cap has risen 9+% over the past 24 hours.</strong></li> 
 <li><strong>On-chain data shows that ADA address activity and whale transactions reached their highest levels in 3 months.</strong></li> 
 <li><strong>At press time, ADA was changing hands at $0.3185, according to CoinMarketCap.</strong></li> 
</ul> 
<p>The blockchain intelligence firm Santiment highlighted the substantial growth in <a href="https://coinedition.com/tag/cardano-ada/">Cardano’s (ADA)</a> market cap in an X post yesterday. According to the post, the altcoin’s valuation grew more than 9% throughout the past 24 hours, which also took its growth over the past 2 weeks to more than 36%.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Cardano</a> has been the big story Thursday, with its market cap growing +9% in the past 24 hours and now +36% over 2 weeks. As usual, <a href="https://twitter.com/hashtag/onchain?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#onchain</a> activity hinted at this <a href="https://twitter.com/hashtag/bullish?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#bullish</a> action with <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ADA</a> address activity &amp; whale transaction at their highest in 3+ months.… <a href="https://t.co/IYBBk3ssf4" target="_blank" rel="nofollow">pic.twitter.com/IYBBk3ssf4</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1720160495762915827?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 2, 2023</a>
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<p>Santiment noted that there were a few on-chain metrics for Cardano prior to this rise that suggested this increase would take place in the short term. Most notably, address activity and whale transactions on the Cardano network soared to their…</p>
<p>The post <a href="https://coinedition.com/adas-market-cap-surges-as-whales-appear-on-chain-data/">ADA’s Market Cap Surges as Whales Appear: On-Chain Data</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

ADA’s Market Cap Surges as Whales Appear: On-Chain Data

Coin Edition

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