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An article published by the portalFinbold reveals that, 94% of the current circulating supply of tokensADA deCardano would be in the hands of crypto whales.
Whales control more than 90% of circulating ADAs
As such, the research carried out by the team fromFinbold with data from the analysis firmBlockchain, CoinMetrics, reveals that at least a total of $31 billion ofADA, valued at USD $37.8 billion at press time, would be in the hands of 10% of the whales operating on theCardano. Such a figure jumps out considering that as of December 13 there are just over 33.428 billion tokens in circulation.
Looking even deeper into the data, the figures show that the concentration ofADA en las carteras de ballenas cripto comenzó a incrementarse de forma constante desde inicios de este 2021. Por ende, se estima que dichas direcciones han venido aumentando su suministro de tokens a lo largo de este año, esto en al menos unos 1.000 millones de unidades.
Accumulating instead of selling
About the whales in question, the reading suggests that these addresses would be properly dedicated to accumulate ADA, something they have been doing throughout this year in the midst of the constant advances that the development team has been having. Let’s keep in mind that a few months ago the network a network refers to all nodes in the operation of a blockchain at any given moment in time. officially implemented support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for smart contracts, which is expected to bring many use cases that take advantage of the benefits offered by its network.Blockchain.
One of the most awaited announcements by enthusiasts of theCardano is the arrival of platformsDeFi a movement encouraging alternatives to traditional, centralized forms of financial services. to its network. One of the contenders that is already taking steps in this direction isSundaeSwap, which has already launched its public test network and is expected to be ready for full-fledged operations in the coming weeks.
It is precisely these expectations that reinforce the thesis behind the interest of the whales to accumulate moreADA throughout this 2021, since the ecosystem will beDeFi in general has been very successful in different networks such asBinance Smart Chain, Solana y Avalanche.
However, other published reports suggest that existing expectations aroundCardano también están presentes sobre otros proyectos Blockchain, en especial en aquellos que plantean un buen escenario para sectores como DeFi and theNFT, so the aforementioned projects, including also toPolkadot, seem to be in the focus of interest for many investors and developers, precisely because of the possibilities they pose for the not too distant future.
¿Cardano Infravalorate?
With networks such asAvalanche ySolana capitalizing these days on the headlines of many reports, various investigative agencies also highlight thatCardano could be underestimated in terms of the impact it could have in the coming years.
This thesis is supported precisely by a study published byGrayscale, where he indicates that the network has a lot to offer and that it can operationally surpass what it currently has on its hands.Ethereum, the network that concentrates the bulk of the activityBlockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. at the present time.
In terms of prices, although the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency is currently trading at around USD $1.22 at the time of publishing, at the beginning of the year its value increased by more than 590%, as by January 1st the token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system.ADA was trading at USD $0.17 per unit. On the other hand, it reached historical highs above USD $3, becoming one of the best valued assets at the time.
- Cardano launches its first ERC20 tokens designed and used solely on the Ethereum platform. token converter on testnet an alternative blockchain used by developers for testing. (test network)
- Cardano’s decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. exchange, SundaeSwap, launches public test network
- Charles Hoskinson, founder of Cardano, responds to ADA suspension on eToro
Source:Finbold,Coinmetrics
Version by Angel Di Matteo /DiarioBitcoin
Imagen deUnsplash
