Currently, the ADA token is on the rise, as is the case with several other cryptos. It has increased by around 0.13% in the last 24 hours and by around 2.53% in the last 7 days. Crypto Capital Venture founder Dan Gambardello issued a statement to comment on Cardano’s performance.
Cardano, an increasingly dynamic network!
With the recent rise in the promising crypto Cardano, Dan Gambardello said he now has more confidence in ADA. It should be noted that the ADA experienced a increase of 4% last week, then 6% recently. That said, other things helped boost the Crypto Capital Venture founder’s confidence in Cardano. In particular, there is the activity and dynamism of the network.
It so happens that there are currently 122 projects already launched on the Cardano blockchain. At the same time, the network hosts 1,221 projects under construction. Moreover, 64.2 million transactions have been made recently on the blockchain. There are also already 8.09 million native Cardano-based tokens, with 71,386 minting policies. There are also 7,597 Plutus scripts that allow writing applications that interact with the network.
Cardano whales are accumulating tokens
Dan Gambardello is not the only one to trust Cardano more: so do the whales. Indeed, these large token holders have accumulated approximately 560 million ADA in the last two weeks. This number of ADA tokens is worth $218.4 million, according to data from IntotheBlock.
On April 3, crypto analyst Ali reported transactions made by Cardano whales. He argued that those who hold between 1 and 10 million ADA have accumulated nearly 150 million ADA since February. The value of their acquisition is set at $57 million.
The ADA token traded at price highs of $3.09 on September 2. This took place before the Alonzo network upgrade, which ushered in the functionality of smart contracts. Now, ADA is down 86.84% from its all-time high of $3.09. Despite everything, the Cardano ecosystem makes its users proud thanks to its activity which has grown considerably. It was recently revealed that investor confidence is on the rise in Charles Hoskinson’s network.
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