Zinger Key Points
- Cardano’s social engagement is spiking, while Ethereum and Dogecoin fade from crypto discussions.
- Whales have accumulated 1.41 billion ADA (2.4% of total supply) over the past 15 months, driving a 107% price surge.
- Get access to your new suite of high-powered trading tools, including real-time stock ratings, insider trades, and government trading signals.
Cardano ADA/USD has jumped 12% in seven days, fueled by Grayscale's application for the first spot ETF.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Cardano ADA/USD | $0.8003 | $28.2 billion | +2.5% | +12.6% |
| Ethereum ETH/USD | $2,636.30 | $317.7 billion | -1.5% | -2.2% |
| Dogecoin DOGE/USD | $0.2566 | $37.9 billion | -1.2% | +4% |
Trader Notes: More Crypto Online foresees a bullish outlook as long as ADA stays above $0.684, with $0.65–$0.56 as the key lower support zone if broken.
A move above the February high would signal a push toward the $0.87–$0.94 Fibonacci extension.
While recent gains may be fuelled by ETF optimism, price action remains within corrective structures, warranting caution until key levels confirm a trend.
Crypto chart analyst Ali Martinez believes Cardano is likely repeating the same pattern from 2020 to 2021 at a slower pace. He predicts this could lead to a parabolic rally.
Statistics: In a post on x on Wednesday, Santiment data shows Cardano's market cap having risen 11% despite a broader crypto retrace.
Whales and sharks holding at least 1 million ADA have been accumulating since November 2023, adding 1.41 billion coins (2.35% of supply) over 15 months.
Amid volatility, ADA’s price has surged 107% during this accumulation cycle.
Martinez noted that whales moved more than 70 million ADA in the past 96 hours.
Cardano has also dominated crypto discussions, with Ethereum and Dogecoin nearly absent from social chatter.
Meanwhile, Bitcoin remains the most talked-about asset.
IntoTheBlock data shows Cardano's large transaction volume dropped 8.2% while daily active addresses increased 0.2%.
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