ADA balance owned by Cardano 'hodlers' grows above $10 billion, highest level since December 2019 CardanoCommunity
The on-chain analytics data provider notes that despite the price slump, ''hodlers'' referring to Cardano addresses that have held for more than a year have increased their holdings to 10.12 billion ADA, or $9.5 billion worth at the current exchange rate.Bitrue cryptocurrency exchange also revealed its big announcement of making ADA one of the base currencies.
Starting from Feb. 24, Cardano will be available as a base currency for conversion of FLUX, DGB, RSR, GAS, SNT, CTSI, BNT, LOOM and KNC, i.e., some of the most popular assets for theA positive signal is coming in for the ADA price, as on-chain analytics firm Santiment notes in its latest report that the ADA funding rate on Binance is currently negative.
Although negative funding rates are a sign that the crowd expects prices to fall, Santiment believes they may have a positive undertone. This is because, in most cases, short liquidations, or a"short squeeze," can cause prices to rise. As a result, negative funding rates could be a positive sign in the near term.