On-chain data reveals Cardano has observed increased transactions involving dormant coins recently, suggesting that the price decline has caused long-term holders to become active again. Cardano Has Seen Spikes In Age Consumed Recently As pointed out by on-chain analytics firm Santiment in an X dormant Cardano wallets have lately been on the move. The indicator…
Category: Cardano
Cardano Price Crash Exposes ADA’s Deeper Problem, Says Longtime Bull
Longtime Cardano supporter and crypto commentator Dan Gambardello said ADA’s steep decline has exposed deeper frustrations inside the Cardano ecosystem, even as he maintained that the project’s underlying technology remains among the strongest in crypto. In a lengthy post on X, Gambardello framed the issue as bigger than price alone. He argued that Cardano’s more…
Cardano Crashes To 5-Year Lows As Hoskinson’s Warning Sparks Market Panic
Cardano has come under intense pressure after plunging to its lowest price level in over five years, triggering a wave of fear across the cryptocurrency market. The sharp decline follows growing concerns about the ecosystem’s future after founder Charles Hoskinson warned of potential challenges ahead, leaving investors questioning whether ADA is approaching a historic buying…
Cardano Price Could Be Heading To $0.10 — Crypto Founder Offers Insight
The cryptocurrency market has been riddled with significant selling pressure over the past week, with the Cardano price taking one of the largest hits among large-cap assets. According to CoinGecko data, the altcoin has lost more than 30% of its value in the past seven days. However, a crypto founder has opined that panic-selling Cardano…
Cardano Millionaire Wallets Reach Highest ADA Holdings Since 2017
On-chain data shows the Cardano addresses with at least 1 million tokens have seen their combined holdings hit the highest point since 2017. Large Cardano Holders Have Continued To Accumulate Recently In a new Supply Distribution,” here refers to an indicator that tells us about the amount of ADA supply that a given wallet group…
Cardano Holds Critical $0.25 Support: History Points To A Major Rally Setup
Cardano is testing a key long-term support at $0.25 once again, a level that has repeatedly sparked strong upside reversals in past cycles. With historical reactions from this zone leading to major rallies, the current reaction could mark the early stages of another structural move higher if support continues to hold. $0.25 Emerges As Cardano’s…
Cardano Whale Count Climbs To 4-Month High Amid Steady Accumulation
On-chain data shows the Cardano network has witnessed a surge in large wallets over the last couple of months, a sign that big-money hands have flowed in. Cardano Wallets With More Than 10 Million Tokens Have Grown In Count As highlighted by on-chain analytics firm Santiment in an X Supply Distribution,” which measures the total…
Cardano Bottom Signal? Shorts Hit Highest Level Since June 2023
Cardano may be flashing the kind of contrarian setup that traders tend to watch closely near exhausted selloffs. According to on-chain and derivatives data shared by Santiment, ADA’s 365-day MVRV has fallen to -43% while Binance funding shows the highest imbalance toward shorts since June 2023, a combination the analytics firm argues has historically aligned…
Cardano Red Month Is Far From Over: Analyst Predicts Crash To This Target
Like other altcoins in the space, the Cardano price has suffered a tremendous amount of losses over the last few months. This relentless sell-off has pushed the ADA price so low that it is now sitting at levels not seen since the last bear market. Even now, Cardano remains in danger of further decline, as…
Cardano Sharks & Whales Quietly Accumulate 819M ADA Amid Price Decline
On-chain data shows the Cardano sharks and whales have quietly been accumulating the asset even as the price has gone through a drawdown. Cardano Sharks & Whales Have Increased Supply Share By 1.6% In a new sharks and whales. The indicator of interest here is the “Supply Distribution,” which tells us about the amount of…