Cardano (ADA) has entered 2023 with positive momentum bringing with it the success of the top cryptocurrency protocol by development activity in 2022.

Since December 30, Cardano has risen by over 30% as more crypto traders have become interested in its price action, particularly among large-scale investors, as 28 new addresses with 1 million ADA or more have registered on the network since the start of the rally, according to data from Santiment on January 9.

Indeed, there have been 28 new shark and whale addresses holding 1 million or more ADA since the beginning of 2023, with the transaction count climbing.

(By Jordan Major)