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.
- Content Editor ( thecoinrepublic.com )
- 2024-10-14
Cardano Braces For Impact as 18.5 Million ADA Unlock Looms