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Cardano Surge Sparks Potential Retail FOMO, Says Santiment

Cardano Surge Sparks Potential Retail FOMO, Says Santiment

Cryptodnes2024/11/11 22:00
By:Cryptodnes

Crypto analytics firm Santiment suggests that Cardano (ADA) may soon see a surge in interest from retail investors, driven by "fear of missing out" (FOMO).

In a recent post on X, Santiment highlighted ADA’s recent performance , noting its unexpected 25% rise over the past week as one of the standout movements in the broader crypto rally.

This momentum, they say, could attract a wave of retail interest as ADA’s long-term supporters finally see their patience paying off.

Santiment’s data reveals that 37,892 unique ADA addresses made transfers in a single day, the highest since September 4.

READ MORE:
Here is What Could be Behind Cardano’s Recent Surge

Additionally, nearly 700 large transactions – each exceeding $100,000 – were processed by ADA whales last week. As of the latest update, Cardano is trading at $0.59, marking a more than 77.55% jump in just the last 7 days.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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