CandleFocus

Cardano Braces For Impact as 18.5 Million ADA Unlock Looms

Cardano (ADA) is facing a potential token unlock, which is expected to increase the supply of ADA in the market. This unlock is one of the largest in the industry this week, with a value of $6.56 million. Historically, token unlocks have led to a downward pressure on prices for about two weeks. However, positive sentiment and the perception of project progress may help Cardano avoid a sell-off. Recent events and partnerships have also contributed to a positive outlook for ADA, with some predicting a price increase in the future.

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