- 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.