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Cardano: Analytics Firm Looks at Behavior of Small to Medium-Sized $ADA Investors

In a blog post titled “Small Investors in Big Cryptos”, Santiment had this to say about Cardano ($ADA):

“In the case of Cardano (ADA), small to medium-sized investors holding between 10,000 and 1,000,000 ADA displayed similar behavior to the investors of other coins during the 2019 bear market. However, they stopped buying in the last stages of the 2021 bull market when the price of ADA reached 1.3 USD.

“Since then, these investors have been net sellers of ADA until two months ago, when the price reached 33 cents and dropped lower. This suggests that these investors may be cautious about the potential of ADA and have been selling off their holdings. It will be interesting to see if these investors decide to start accumulating aggressively again in the future.“

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