- Cardano’s market cap surged 11%, defying broader crypto market downturns.
- Large ADA holders accumulated 1.41B tokens, reinforcing bullish investor sentiment.
- Grayscale’s ADA ETF filing boosts institutional interest and price growth potential.
Cardano (ADA) is starting to look seriously interesting to crypto watchers, with investor spirits up for a potential rally. Crypto analyst Ali Martinez has gone on record saying Cardano is showing signs of breaking out and even thinks the price could jump to $0.83 if momentum holds up.
On-Chain Data for Cardano
Santiment’s on-chain data is painting a pretty bullish picture for Cardano’s price growth. The market value of ADA has jumped by a solid 11% in just the last day, which is pretty impressive when you consider most other cryptos have been heading south. This difference really shows that Cardano’s price action has some serious strength behind it.
Related: Staked Cardano ETP Goes Live on Nasdaq Helsinki via Virtune
Additionally, big-time investors, th…
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