ADA Gains 6%, Crypto Capital Founder Says He's More Confident in Cardano Now

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ADA Gains 6%, Crypto Capital Founder Says He's More Confident in Cardano Now
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Cardano (ADA) exudes more confidence now, Dan Gambardello says as price gains 6% ADA CardanoADA CardanoCommunity $ADA

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.Cardano's ADA price increased along with those of other cryptocurrencies as the market saw an upward move.

A total of 122 projects have already launched, while 1,221 projects are currently building on Cardano. On the network, 64.2 million transactions have been performed. There are now also 8.09 million Cardano native tokens, with 71,386 minting policies. Also, there are now 7,597 Plutus scripts. Plutus refers to the smart contract platform of the Cardano blockchain that allows for the writing of applications that interact with the Cardano blockchain.

All of this appears to be boosting Dan Gamberdello's confidence in Cardano. This confidence is also seen among Cardano whales, who continue to accumulate at every given opportunity.As reported, Cardano whales or large holders have accumulated 560 million ADA worth $218.4 million in the past two weeks, per IntotheBlock data.

On April 3, crypto analyst Ali reported that Cardano whales holding 1 million to 10 million ADA had scooped up nearly 150 million ADA worth $57 million since February.

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