Monday, May 10, 2021

Interest in Cardano (ADA) Spikes as New Addresses Surpass 400,000 to Record New ATH

New users’ interest in Cardano (ADA) has been on the increase over the past few weeks. Expectedly, this has been attributed to the upcoming launch of Shelley.

This was reported a couple of hours ago via Twitter by a Cardano (ADA) stake pool operator, the Cardanians.

According to the report, a lot of users are increasingly creating new wallets and buying the digital token ADA. Going by the chart captioned with the tweet the number of new addresses has risen to record a new all-time high, surpassing 400,000 level.

As per Cardanians’ opinion, this is a very positive and bullish sign for the Cardano ecosystem. It further encouraged users to start preparing for staking, as more users are expected to join the success train.

“Judging by stats, there are a lot of new users interested in Cardano and buying ADA. The amount of new addresses is rising and gets to a new ATH surpassing the level 400,000. It is a very positive and bullish sign. People prepare for staking,” the Cardanians shared.

The Increase in Users’ Interest Was Noticed Weeks Ago

As aforementioned, the users’ interest in Cardano (ADA) that is on the increase is good for the cryptographic project and its community of members.

This increase had been noticed and reported about 3 weeks ago, which has also impacted the price of Cardano (ADA), leading to reclaiming its position among the top 10 cryptocurrencies in the market.

On 3rd June 2020, the total number of addresses holding ADA attained an all-time high with 385,080 addresses, which was an indication that Cardano is gaining the necessary interest of users across the crypto ecosystem.

Intotheblock tweeted, “Raising the Stakes. Cardano, or the so-called “Ethereum Killer” is looking sharp as the Shelley protocol transition is fast approaching. The total number of addresses holding ADA reached its ATH on June 3, with 385.08 thousand addresses.”

Users’ interest in Cardano has kept increasing, resulting in the new record of over 400,000 new addresses, while more addresses are expected to join in the coming days.

The founder of Messari, Ryan Selkis, recently shared his opinion on what crypto ranking would look like in the market by 2021.

Specifically, he expects Cardano (ADA) to become the 5th largest cryptocurrency by market cap next year. At the time of filing this report, ADA is trading at $0.080430, with about 2% price downtrend in the last 24 hours.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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