Cardano

<ul><li>Despite a 35% market cap dip, Cardano sees a surge in high-value wallets.</li><li>Historical trends suggest Cardano&#39;s long-term gains despite short-term uncertainties.</li><li>Coinbase controversy looms as Cardano faces potential delisting.</li></ul>Recent data from Santiment, an on-chain analytics firm, has unearthed some intriguing trends about <a href="https://cryptotale.org/?s&#61;Cardano" rel="noopener noreferrer nofollow">Cardano&#39;s</a> performance in the crypto market. Despite a 35% dip in its market cap over the past four months, the cryptocurrency remains popular among confident investors. Notably, there has been a significant increase in wallets holding 100K or more ADA tokens.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/147992b0d0d4471896bbfbc8e4cd8641.png" />Cardano&#39;s (ADA) recent performance in the crypto market has been a cause for concern, with its market capitalization plummeting by 35% since its peak four months ago. However, <a href="https://cryptotale.org/bitcoins-bull-run-in-danger-santiment-warns-of-stagnating-utility/" rel="noopener noreferrer nofollow">Santiment&#39;s</a> report indicates that the sentiment might not be as gloomy as it seems. A whopping 25,294 wallets now possess over 100K ADA, a statistic not seen in the past 16 months.Price analysis by cryptoexpert Ali suggests that between 2018 and 2020, ADA fluctuated between $0.10 and $0.028 for 665 days before embarking on a 2,985% bull run. Currently, ADA has been oscillating between the $0.46 to $0.24 range for 329 days. Drawing parallels from past price actions, barring unforeseen events like the delisting by major firms, ADA might experience a significant upswing around February 2024.Read full article at <a href="https://cryptotale.org/cardanos-market-cap-drops-35-but-whales-arent-fazed-report/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Cardano's Market Cap Drops 35%, but Whales Aren't Fazed: Report

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