CandleFocus Cardano Skyrockets 3,400% in Fund Inflows as ADA Price Goes Parabolic
2024-11-18
Author: Content Editor
Investment inflows into products tied to Cardano (ADA) have surged by over 3,400% year-over-year, reaching $3.4 million in the past seven days. Cardano ETPs are expected to see positive net inflows of $15 million before the end of the year, making them inferior only to Binance Coin (BNB) and Tron (TRX) in terms of investment interest. The surge in investment inflows correlates with a 57% increase in ADA's price, reaching levels not seen since 2022. The continued inflows into Cardano ETPs will be an important indicator of investor sentiment towards the token outside of the crypto market.
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