Is Cardano on the Rise?


Cardano’s token, ADA, has become one of the most purchased for large assets on the BNB Chain network. According to WhaleStats, in the last 24 hours, the top 100 members of this group of investors bought ADA for an average of 10,308 tokens, or $2,750.

BNB Chain whales, in fact, bought a wrapped version of the Cardano token, which currently makes up 0.67% of the whales’ total wallets. Their holdings amount to 19.34 million ADA and a net worth of $5.15 million. According to BscScan, the number of Binance-Peg Cardano tokens stands at 506,404 addresses so far and continues to grow.

In comparison, at the beginning of December, the number of such portfolios was less than 6,000, which represents an increase of 1.1%. Highlights of the week for ADA Another week in the life of Cardano ended well. According to the weekly dev report, three blockchain projects have been launched publicly, and the number is now at 111.

The number of smart contracts recorded on the Cardano Plutus platform has increased significantly – last week it increased by another 400 and approached the mark of 5,000 smart contracts.

In addition to quantitative metrics, it should be noted that Lace Wallet has been available for public testing. Hydra and Mithril proof of ideas continue to be created as well.

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