CandleFocus 19.5 Billion Cardano in 24 Hours, What's Happening?
2024-09-17
Author: Content Editor
Cardano (ADA) whales have triggered a rebound in the cryptocurrency's price after it dropped 4% earlier in the week. Large transactions, valued at $100,000 or more, increased by over 10% in 24 hours, with whales shifting 19.5 billion ADA worth $6.48 billion. This surge in ADA accumulation is often reflected in the price, and if sustained, the coin may have its best week this month. Despite founder Charles Hoskinson promoting Cardano's superiority, tech analysis shows that both Cardano and Solana have their strengths and weaknesses, and it remains to be seen which will perform better in the market.
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