The purchase of billions of Cardano (ADA) last week by the bulls outbid the bears as revealed by data from IntoTheBlock. Large bear addresses sold 158.6 billion ADA, whereas bulls bought about 160 billion ADA, showing that though the value of the token dropped by 18% in the last 30 days, large investors remain optimistic about the token. This is further indicated by the stability of the ADA price which hovers in the $0.3-0.42 price range. Taking into account the volatility of altcoins and the crypto market in general, it is wise to wait out until the ADA comes to one of the price range boundaries before making a decision whether to purchase ADA or not.
Parker Kelly
- 2023-05-15
Cardano Bulls vs. Bears - Price Drop in Last 30 Days
Recent data from IntoTheBlock shows that large investors remain optimistic about Cardano (ADA), despite its 18% price decline in the last 30 days. Price of ADA hovers in the $0.3-0.42 range, making it a good opportunity to buy ADA.
