Retail interest in Cardano (ADA) is “rapidly increasing” as addresses holding ADA for less than 30 days have increased their holdings by 186%. They are now holding nearly 40% of the entire ADA supply in circulation.
<h2 class="article__title" data-title="Cardano Retail Interest Soars as Traders' Balance Spikes 190% in 30 Days: IntoTheBlock , Category: News ,Author: Yuri Molchan , Date: 04 May 2022 , Week: 18" data-url="/cardano-retail-interest-soars-as-traders-balance-spikes-190-in-30-days-intotheblock"><strong>Cardano Retail Interest Soars</strong></h2>
According to data from crypto analytics firm IntoTheBlock, it seems that retail traders holding Cardano (ADA) is ‘rapidly increasing’ considering addresses holding ADA for less than one month have increased by as much as 186.19% over only 30 days.

https://twitter.com/intotheblock/status/1521806988023324674

These wallets cumulatively contain 33.7 billion ADA and now collectively hold 36.14% of the cryptocurrency’s supply.

This comes in conjunction with Cardano whales entering in a major accumulation mode. According to a recent tweet from Santiment, another crypto analytics firm, Cardano whales holding 1 million to 10 million ADA have added an additional 196 million tokens.

https://twitter.com/santimentfeed/status/1521322079567589376
<h2 class="dwcolor"><strong>Cardano Ecosystem Goes Significant Improvements </strong></h2>
Cardano ecosystem continues to <a href="https://www.cryptoknowmics.com/news/ada-breaking-new-ground-as-cardano-undergoes-significant-network-improvements" target="_blank" rel="noopener">develop</a> as it has recently increased its block size by 10% in an effort to speed up transactions.

Furthermore, the network recently recorded 400 new projects building on it in as little as one month, bringing the total number of such projects to over 900.

At the time of writing, Cardano (ADA) was trading at $0.<span class="tw-text-gray-900 dark:tw-text-white tw-text-3xl"><span class="no-wrap" data-price-btc="0.0000221087863077982" data-coin-id="975" data-coin-symbol="ada" data-target="price.price" data-price-previous="0.8758434165122432">875843, up 10.9% from the past 24 hours with a market capitalization of $28 billion.</span></span>

Retail Interest in Cardano ‘Rapidly Rising’, On-chain Data Shows

Retail interest in Cardano (ADA) is “rapidly increasing” as addresses holding ADA for less than 30 days have increased their holdings by 186%.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Retail Interest in Cardano ‘Rapidly Rising’, On-chain Data Shows

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