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Updated Cardano Staking Data Shows The Crypto Is Right Where It Wants To Be
The ADA price hasn’t moved much lately but underlying data shows that its support is stronger than ever
After seeing massive gains earlier in the year, the recent cool-off of Cardano in the past month or two has had some people jokingly refer to it as a “stable coin.” However, the lack of recent significant price movement isn’t a sign that people have lost faith in the crypto and its ADA tokens, as the most recent staking data shows to the contrary it is continuing to pull in investors at a steady pace and solidify an impressive foundation.
Despite continued good news such as the opening of smart contracts, Cardano is actually down about 3% in price over the past month. Meanwhile, other cryptos like Ethereum, Solana and Bitcoin have seen substantial moves upward. While the momentum seems to have hit pause, recent staking data suggests that the future for Cardano remains bright.
Crypto Globe reported (first reported by Finbold) that since September 10th, Cardano continues to post strong numbers related to their investors. The number of wallets that are staking ADA during those past two months have gone from 821,000 to 942,400, representing nearly a 15% increase. In total, there are now more than two…
