Cardano (ADA) Price Rebounds as Traders' Optimism Rises; Here Is What to Watch

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Cardano (ADA) Price Rebounds as Traders' Optimism Rises; Here Is What to Watch
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ADA token is posting a rebound alongside the rest of the altcoin market $ADA CardanoCommunity Crypto pump

have flipped mostly bullish for ADA at press time. Cardano has seen a rise in addresses since the start of 2022.U.Today reported that Cardano addresses with a balance between 10,000 and 1,000,000 ADA have increased by a staggering 15,000% since mid-December 2021. This category of investors more than doubled its holdings by accumulating $53.6 million in tokens in late January, per Santiment. Also, the balance held by addresses with 1-10 million ADA has increased by 40.

Following the launch of dApps on Cardano, transactions interacting with smart contracts now make up the majority of

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