{"id":558756,"date":"2023-11-02T15:00:30","date_gmt":"2023-11-02T15:00:30","guid":{"rendered":"https:\/\/wncen.com\/?p=558756"},"modified":"2023-11-02T10:51:32","modified_gmt":"2023-11-02T10:51:32","slug":"cardano-november-momentum-an-over-40-increase-in-the-cards","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano-november-momentum-an-over-40-increase-in-the-cards\/","title":{"rendered":"Cardano November Momentum – An Over 40% Increase In The Cards?"},"content":{"rendered":"

Cardano (ADA) has undoubtedly claimed its spot as one of the frontrunners among the multitude of altcoins. The digital asset, known for its innovative approach to blockchain technology, has witnessed remarkable gains in recent days, leaving both crypto enthusiasts and investors curious about the trajectory it will follow in the coming weeks. <\/span><\/p>\n

The question that now lingers is, for how long will Cardano’s meteoric rise continue?<\/span><\/p>\n

To shed light on the potential outcomes for ADA this November, we must delve into its historical performance. Over the past five years, the month of November has held a mix of outcomes for Cardano.\u00a0<\/span><\/p>\n

Cardano November Prospects: Up Or Down?<\/strong><\/h2>\n

Notably, three years ago, it concluded with an <\/span>impressive 84% gain<\/span><\/a>, showcasing the coin’s ability to deliver substantial returns during this period. <\/span><\/p>\n

Related Reading: Solana Bull Run Could Smash Through $40 Barrier This Week \u2013 Here\u2019s How<\/a><\/div>\n

With this historical context in mind, ADA holders find themselves pondering two potential scenarios for this month: a soaring ascent, with the price surging by 43.5% to reach $0.41 per token — or a dip, bringing the value down to $0.279 per ADA.<\/span><\/p>\n

\n

\ud83d\udc33\ud83e\udd88 #Cardano<\/a> has hit a major dormant coin activity milestone. Monday marked the highest amount of older wallets moving $ADA<\/a> since April, 2022, indicating more coins are moving back into circulation. 100K-10M $ADA<\/a> wallets are also accumulating again. https:\/\/t.co\/TwwQkHZbzA<\/a> pic.twitter.com\/kDjntuV7AS<\/a><\/p>\n

\u2014 Santiment (@santimentfeed) October 31, 2023<\/a><\/p><\/blockquote>\n

Adding to the intrigue surrounding Cardano’s current performance, crypto data analysis firm <\/span>Santiment has reported<\/span><\/a> a noteworthy development in the behavior of long-time ADA holders. <\/span><\/p>\n

These investors, often referred to as “whales” in the crypto world, have begun moving the largest amounts of ADA tokens in over a year. This sudden movement raises questions about the intentions behind this significant shift.<\/span><\/p>\n

<\/p>\n

ADAUSD is currently trading at $0.308. Chart: TradingView.com<\/a><\/pre>\n
Santiment’s observations also highlight that deep-pocketed Cardano holders have been quite active in accumulating ADA tokens recently. In just two weeks, these influential stakeholders acquired nearly 44 million ADA tokens, amounting to approximately $12.67 million. The aggressive nature of this accumulation raises eyebrows and leads to speculation about the motives behind these strategic moves.<\/span><\/p>\n
Cardano’s Meteoric Surge<\/strong><\/h2>\n
As of the most recent data available, ADA’s price on <\/span>CoinGecko<\/span><\/a> stands at $0.305896, reflecting a 6.7% surge in the past 24 hours. Over the past seven days, the cryptocurrency has rallied by 5.5%, further solidifying its status as a top performer in the market.<\/span><\/p>\n
Related Reading: XRP Hits $0.6 In Unstoppable Surge: How High Can It Go This November?<\/a><\/div>\n
While the future remains uncertain, Cardano’s recent ascent and the intriguing movements of long-term ADA holders have undoubtedly set the stage for an exciting month ahead. <\/span><\/p>\n
Investors and enthusiasts will be watching closely to see whether ADA can maintain its momentum or if the market will witness a shift in its fortunes as November unfolds. As always in the crypto world, the only constant is change, and Cardano’s journey is poised to be an eventful one.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from iStock<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Cardano (ADA) has undoubtedly claimed its spot as one of the frontrunners among the multitude of altcoins. The digital asset, known for its innovative approach to blockchain technology, has witnessed remarkable gains in recent days, leaving both crypto enthusiasts and investors curious about the trajectory it will follow in the coming weeks. The question that now lingers is, for how long will Cardano’s meteoric rise continue? To shed light on the potential outcomes for ADA this November, we must delve into its historical performance. Over the past five years, the month of November has held a mix of outcomes for Cardano.\u00a0 Cardano November Prospects: Up Or Down? Notably, three years ago, it concluded with an impressive 84% gain, showcasing the coin’s ability to deliver substantial returns during this period. Related Reading: Solana Bull Run Could Smash Through $40 Barrier This Week \u2013 Here\u2019s How With this historical context in mind, ADA holders find themselves pondering two potential scenarios for this month: a soaring ascent, with the price surging by 43.5% to reach $0.41 per token — or a dip, bringing the value down to $0.279 per ADA. \ud83d\udc33\ud83e\udd88 #Cardano has hit a major dormant coin activity milestone. Monday marked the highest amount of older wallets moving $ADA since April, 2022, indicating more coins are moving back into circulation. 100K-10M $ADA wallets are also accumulating again. https:\/\/t.co\/TwwQkHZbzA pic.twitter.com\/kDjntuV7AS \u2014 Santiment (@santimentfeed) October 31, 2023 Adding to the intrigue surrounding Cardano’s current performance, crypto data analysis firm Santiment has reported a noteworthy development in the behavior of long-time ADA holders. These investors, often referred to as “whales” in the crypto world, have begun moving the largest amounts of ADA tokens in over a year. This sudden movement raises questions about the intentions behind this significant shift. ADAUSD is currently trading at $0.308. Chart: TradingView.com Santiment’s observations also highlight that deep-pocketed Cardano holders have been quite active in accumulating ADA tokens recently. In just two weeks, these influential stakeholders acquired nearly 44 million ADA tokens, amounting to approximately $12.67 million. The aggressive nature of this accumulation raises eyebrows and leads to speculation about the motives behind these strategic moves. Cardano’s Meteoric Surge As of the most recent data available, ADA’s price on CoinGecko stands at $0.305896, reflecting a 6.7% surge in the past 24 hours. Over the past seven days, the cryptocurrency has rallied by 5.5%, further solidifying its status as a top performer in the market. Related Reading: XRP Hits $0.6 In Unstoppable Surge: How High Can It Go This November? While the future remains uncertain, Cardano’s recent ascent and the intriguing movements of long-term ADA holders have undoubtedly set the stage for an exciting month ahead. Investors and enthusiasts will be watching closely to see whether ADA can maintain its momentum or if the market will witness a shift in its fortunes as November unfolds. As always in the crypto world, the only constant is change, and Cardano’s journey is poised to be an eventful one. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from iStock<\/p>\n","protected":false},"author":557,"featured_media":558802,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[84005,142,1144,12332,8686,4735],"class_list":["post-558756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada-price","tag-altcoins","tag-btcusd","tag-cardano","tag-ethusd","tag-price-action"],"acf":[],"yoast_head":"\nCardano November Momentum: Over 40% Increase in the Cards?<\/title>\n<meta name=\"description\" content=\"Cardano (ADA) has undoubtedly claimed its spot as one of the frontrunners among the multitude of altcoins. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano November Momentum – An Over 40% Increase In The Cards?","url":"http:\/\/wncen.com\/news\/cardano-november-momentum-an-over-40-increase-in-the-cards\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano-november-momentum-an-over-40-increase-in-the-cards\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/a-14.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/a-14.png?fit=1253%2C723"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada price","altcoins","btcusd","cardano","ethusd","price action"],"dateCreated":"2023-11-02T15:00:30Z","datePublished":"2023-11-02T15:00:30Z","dateModified":"2023-11-02T15:00:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano November Momentum – An Over 40% Increase In The Cards?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano-november-momentum-an-over-40-increase-in-the-cards\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano-november-momentum-an-over-40-increase-in-the-cards\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/a-14.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/a-14.png?fit=1253%2C723\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada price\",\"altcoins\",\"btcusd\",\"cardano\",\"ethusd\",\"price action\"],\"dateCreated\":\"2023-11-02T15:00:30Z\",\"datePublished\":\"2023-11-02T15:00:30Z\",\"dateModified\":\"2023-11-02T15:00:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/a-14.png?fit=1253%2C723","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/558756"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=558756"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/558756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/558802"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=558756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=558756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=558756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}