Cardano (ADA) is witnessing impressive growth, surpassing even the general trend of the cryptocurrency market. 🚀
- According to data from Santiment, the trading volume of ADA reached $52.26 billion this week, the highest in 7 months. Transactions by "whales" also exceeded 8,900 times, reaching a peak in 6 months.
- The price ratio of ADA to Bitcoin is nearing the highest level in 8 months. History shows that similar increases occurred in June, before ADA/BTC rose over 26%.
- The large trading volume of ADA increased by 297% in the past two weeks, reaching $22.56 billion on November 18, when the price of ADA surpassed $0.742.
- Currently, ADA is trading close to $0.83, up 153% since November 5. However, the number of Cardano addresses has decreased by 30,000, indicating that some investors have taken profits. 💹