Cardano

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<ul>
 <li>Whales accumulated an astounding 14 million ADA coins within two weeks.</li>
 <li>Cardano’s daily active addresses surged, hitting 47,930.</li>
 <li>Mass accumulation of ADA hints at a potential move toward $0.7, signaling bullish sentiment.</li>
</ul>
<p>Cardano (ADA) is experiencing a notable surge buoyed by a flurry of positive indicators that suggest a potential run toward the coveted $0.7 price mark.&nbsp;</p>
<p>Whales have accumulated a staggering 14 million ADA coins within a mere two-week span. This influx of ADA holdings by significant investors signals a pronounced bullish sentiment in the market.</p>
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   <p lang="en" dir="ltr">In the last two weeks, <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> whales bought over 14 million <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a>, worth around $8.40 million! <a href="https://t.co/Jq6b66NLGI" rel="noopener noreferrer nofollow">pic.twitter.com/Jq6b66NLGI</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1742899225430561012?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 4, 2024</a>
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<p>In tandem with this accumulation, Cardano’s network activity has shown impressive growth. Daily active addresses on the Cardano blockchain soared to 47,930, marking a substantial uptick in user engagement and network utilization. This surge in daily active addresses underscores the heightened interest and participation within the Cardano ecosystem.</p>
<p>The cumulative effect of these developments is fostering an optimistic outlook among investors and analysts. Market sentiment is palpably bullish as these indicators collectively point toward a potential move for ADA toward the $0.7 price level.</p>
<p>Despite ADA’s recent struggles to breach the $0.7 resistance in the past, current market dynamics suggest a renewed and reinforced attempt to reach this milestone. Previous attempts in December 2023 saw ADA surging to $0.67 before retracting below $0.6. However, with the ongoing accumulation and network growth, Cardano appears primed for a more sustained bullish run in the near future.</p>
<p>Furthermore, the developmental aspect of Cardano remains a focal point for the cryptocurrency’s team. With a recorded 540 Github commits in the last 30 days, the Cardano team continues to concentrate on fortifying the project’s technological advancements to foster greater adoption.</p>
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 <li><a href="https://cryptonewsland.com/cardano-smashes-1-million-active-ada-wallets-worldwide/" rel="noopener noreferrer nofollow">Cardano Smashes 1 Million Active ADA Wallets Worldwide</a></li>
 <li><a href="https://cryptonewsland.com/cardano-price-moves-steadily-higher-ada-believers-bullish/" rel="noopener noreferrer nofollow">Cardano Price Moves Steadily Higher, ADA Believers Bullish</a></li>
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<p>The post <a href="https://cryptonewsland.com/cardano-gathers-momentum-toward-0-7-as-whales-fuel-surge/" rel="noopener noreferrer nofollow">Cardano Gathers Momentum Toward $0.7 as Whales Fuel Surge</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Cardano Gathers Momentum Toward $0.7 as Whales Fuel Surge

Crypto News Land

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