Key Points:ADA has crossed the $0.38 per token threshold, prompting a response by Cardano billionaires, according data from crypto analytics platform Santiment. The ADA price crossed the threshold for the first time about a week ago. It has since increased by another 5%.
This suggests that those who sold ADA at $0.38 were looking for immediate, short-term gains. However, the majority of investors of this size are following a longer-term strategy, and are likely to be betting on the upward trend continuing.
According to data from Santiment, Cardano billionaires responded to the $0.38 per token price of Cardano native token, ADA. According to data from crypto analytics platform Santiment, investors who own between 1 million and 100,000,000 ADA worth of Cardano coins began liquidating their positions on 21 January. Their number has decreased by 31 addresses due to the fact that they now have a minimum of 31 million ADA worth of Cardano tokens. This is a return at January levels. This shows that those who sold ADA for $0.38 were looking for immediate, short-term gains. However, the majority of investors of this size are following a longer-term strategy. They are likely to be betting on the upward trend to continue. Maybe the soon-to-be-released native ecosystem stablecoin, Djed, will assist Cardano in getting through such formidable opposition.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comAnnieCoincu NewsTags: ADAADA PriceADA Price IncreaseCardanoCardano billionaires