Cardano (ADA) is on the rise, and analysts think retail investors are about to jump on board.
The crypto analytics platform Santiment says ADA’s recent 25% jump has caught the attention of investors. They’re seeing a surge in activity, with more than 37,000 unique ADA addresses making transfers in a single day. This is the highest number since ADA hit its low point in September. Big investors, known as whales, are also getting in on the action, with nearly 700 transactions worth over $100,000 each last week.
Meanwhile, Chainlink (LINK) is also breaking away from the pack.
Santiment says this Ethereum-based protocol is showing similar signs of whale activity and price increases. Chainlink has surpassed $13.65 for the first time since July, and key investors have been buying up LINK, increasing their holdings by 8.2% over the past seven weeks.
It’s important to remember that this is just analysis, and not financial advice.
