Cardano (ADA) has experienced a 3.05% increase in the past 24 hours, reaching over 50,800 active addresses. Despite a decline in the past week and two weeks, ADA is showing a significant rebound in the last 24 hours. This rise in network activity indicates a stronger market with reduced concerns about sell-offs. Data from analyst Ali Martinez reveals that Cardano's network activity remains strong, with daily active addresses surpassing 50,800. Historical trends show a correlation between price and network participation. Recent data also indicates an increase in new addresses and higher engagement with the network. Ownership distribution trends suggest a decline in whale holdings but an increase in retail adoption, signaling rising confidence in ADA's prospects. Notable market observers like Peter Brandt have also joined the ADA conversation, suggesting a bullish outlook for Cardano's future.



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