Recently, Cardano (ADA) has caught the attention of major institutional investors looking to diversify their cryptocurrency portfolios. There are significant developments in accumulation and partnerships within the network.
Accumulation of ADA by Major Holders
According to on-chain data analysis provided by Santiment, major ADA holders with balances between 1 and 10 million coins added over 120 million ADA in the past two weeks. They currently hold around 5.57 billion coins.
Cardano Partnerships and Regulatory Compliance
The Cardano network is forming strategic partnerships globally aimed at enhancing its regulatory compliance. This supports the entire Cardano ecosystem, which continues to grow, driven by initiatives from founder Charles Hoskinson.
Price Trends of ADA in Context of Previous Bull Market
The price of ADA is following a similar fractal pattern observed in the 2021 cryptocurrency bull market, which may indicate the potential for a similar price growth cycle.
Overall, the active accumulation of ADA by major holders and the development of strategic partnerships suggest growing investor interest in Cardano, which could be a significant factor in the future growth of this cryptocurrency.
