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Cardano (ADA) Surges by 30% in Impressive New Year Rally

Published 2023-01-10, 10:39 a/m
Cardano (ADA) Surges by 30% in Impressive New Year Rally
ADA/USD
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Coin Edition -

  • Social and on-chain data from Santiment support Cardano’s impressive 30% gain in 2023.

  • Twenty-eight new addresses on Cardano’s network hold at least one million ADA tokens.

  • Cardano’s trading volume is at its highest level since November 2022.

Data from Santiment, the cryptocurrencies behavior analytics platform show that Cardano is having an impressive moment. Feeds from the platform reveal a 30% price surge for ADA, Cardano’s native token since December 30, 2022.

Details of the on-chain and social indices for Cardano investigated by Santiment since the current surge has been impressive. Of the new addresses added to the Cardano network during this time, 28 hold at least one million ADA tokens. Trading volume for ADA has reached its highest level since November 2022, and whale activities have increased significantly.

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