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Cardano (ADA) Sees Strong Momentum as On-Chain Data Shows Accumulation by Big Holders and Blockchain Activity Surges

Crypto traders are turning their attention to Cardano (ADA) which has seen a surge in accumulation by shark and whale addresses, holding the highest level of ADA coins in almost a year. On-chain data also shows an increase in activity on the Cardano network over the past six months, with blockchain analytics firm Messari reporting a surge in Cardano blockchain activity during Q2. The rise in activity can be attributed to the growth of decentralized apps, such as Minswap, and important upgrades to Cardano's performance for users. It remains to be seen if the ADA price can surpass $0.30 and continue to surge.

Cardano Cardano $1.06
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