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ADA Whale Accumulation Continues Despite Low Trader Sentiment

Published 14/08/2023, 13:18
ADA Whale Accumulation Continues Despite Low Trader Sentiment
ADA/USD
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  • Santiment data indicated that accumulation for ADA remains high despite negative trader sentiment.
  • Analyst Ali Charts believes that ADA is in a similar situation like it was in 2020 before its 2000+% bull run.
  • The continuous developments by the Cardano team have not been reflected in ADA’s price.

Wallets containing more than 100k Cardano (ADA) are steadily increasing, according to a Twitter post shared by the market intelligence platform Santiment earlier today. According to the post, trader sentiment towards the Ethereum-killer is still rather low as its market cap is down 35% since reaching a top 4 months ago.

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