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ADA Enter the Top 10 Coins Purchased by Whales

Navigasi - According to a post made by WhaleStats on Twitter, Whale is in 6th place out of the top 10 assets that have been acquired by the 4,000 largest BSC whales in the previous 24 hours.

ADA Enter the Top 10 Coins Purchased by Whales
ADA Enter the Top 10 Coins Purchased by Whales

So far, Whales have raised more than $25 million worth of ADA (Cardano). Additionally, research firm Santiment states that the number of Cardano wallets holding more than 10,000 or 100,000 has grown consistently over the previous month.

Analysts believe the ADA whale is stockpiling tokens in preparation for the Vasil hard fork, which is slated to go live a few weeks from now.

The price of the Cardano crypto (ADA) based on data from the Kraken crypto exchange, on Monday (13/09/2021) and then reached US $ 2.33, down 12.21 percent against the USD within 24 hours.

This price drop is thought to be due to the deteriorating stock exchange because in recent days all the largest crypto assets apart from USDT, USDC and BUSD, fell. For example, Bitcoin (BTC) and Ethereum (ETH) fell 3.95 percent and 7.32 percent respectively.

Despite falling, ADA is predicted to continue to strengthen in the long term. Moreover, since the beginning of 2021, ADA/USD has skyrocketed by a fantastic 1.184 percent.

Alonzo's hard fork update was running successfully on mainnet as scheduled. This change was confirmed by IOHK, the research company that built Cardano.

Meanwhile, prior to Alonzo's hard fork, Tim Harrison, IOHK's Director of Marketing and Communications gave a unique statement calling this a historic day.

Harrison criticized Cardano as a smart contract platform, although at the same time he praised the cryptocurrency. He said that although the Cardano community is open to constructive criticism, too often Cardano is attacked by FUD (fear, uncertainty, doubt) by non-neutral parties.

“We need to do better if we want to accelerate wider adoption. The FUD is huge when updates are important, but for me it's part of the day-to-day activities. Fortunately, most of my colleagues are building-focused and not indifferent to noise,” explains Harrison, quoted via Blockchainmedia.

According to him, this blockchain will be hit by FUD for a long time even though it will actually strengthen Cardano.

Following Alonzo's update, IOHK CEO Charles Hoskinson explained the next steps for the IOHK and Cardano teams. He said there would be a lot going on and business as usual. "Networks will take on a higher load because lots of people are playing around with new apps and testing new things," Hoskinson said via YouTube.