Over the past 20 days, the value of the Cardano altcoin (ADA) has increased by 50%.
On the night of Thursday, November 9, the ADA exchange rate strengthened to $0.352. The digital currency has a capitalization of $12.421 billion with an average daily trading volume of $358.290 million.
At the end of October, Cardano was at $0.291, but it briefly tested values around $0.376 in November.
Santiment has recorded increased activity from addresses controlling between 100,000 and 10 million ADA. Sharks and whales have been buying the cryptocurrency since September.
Last month, the number of transactions for amounts over $100,000 rose 32%, the analysts said in a report. The number of addresses on the blockchain sending and receiving funds daily increased 23%.