ICYMI: $ADA holders with up to 100,000 coins now own their all-time high of 16.8% of the available supply Cardano ADA CardanoADA
According to a chart shared by the on-chain analytics firm on April 4, Cardano holders with ADA worth between $100 and $100,000 have set record highs of 16.8% of the available supply.
Per the data provided, low-tier addresses have only 0.128% of the ADA supply in their wallets, but they are increasing in numbers.ADA rebounded from lows of $1.10 on April 1 to reach highs of $1.23 seen at the time of publication. Presently ADA remains down 60.95% from its all-time highs of near $3. As ADA continues in its attempt to recoup these losses, the accumulation phase for Cardano continues as shark addresses keep on buying coins.
The Milkomeda Foundation announced the creation of C1, an Ethereum Virtual Machine-compatible sidechain that is directly connected to the Cardano blockchain, as previously reported byUsers may now move assets effortlessly between the two blockchains, allowing popular Ethereum-based decentralized apps to function on top of Cardano. This is achieved with wrapped smart contract technology, which was recently pioneered by Milkomeda.
With the release of new solutions on the chain, Cardano becomes more relevant to institutional investors that often look for real value behind the project rather than speculative returns.
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