Cardano (ADA) Shockingly Ranks Next to Bitcoin (BTC) in This Area
Cardano (ADA) Shockingly Ranks Next to Bitcoin (BTC) in This Area Gambar sampul melalui www.freepik.comCardano Whale Volume. Source: IntoTheBlock That market whales are all out for Cardano is no surprise, considering the massive developmental efforts being put into the protocol. Unlike Bitcoin and the other altcoin profiled in the top 10 largest coins by market cap, ADA is the second-cheapest token after Dogecoin (DOGE), underscoring its attractiveness as a viable investment option. Per the ITB data, Cardano whale transactions have also seen a conservative uptick thus far this week. Large transactions, accounting for those valued at $100,000, were 10,070 as of Dec. 11. This figure rose to 13,140 as of Dec. 14. It is quite uncommon to have many whales transacting on a network and even harder to maintain consistency over time. As of Nov. 15, the total number of whale transactions recorded on Cardano came in at 4,320, with a peak of 16,160 as of Nov. 9. The Cardano whale action is well documented, with over $1.5 billion recorded on a single day earlier this week. Implication for price The Cardano whale action shows how much influence Cardano has in the broader Web3.0 ecosystem. The positive uptick in transaction count comes at a time when the



