Crypto Traders Accumulate Cardano And Chainlink

Amidst the crypto market recovery, it’s been revealed that the traders continue to accumulate Cardano and Chainlink. Check out more reports about the state of the market.

The latest reports reveal that a top crypto analytics firm says that traders are continuing to hold Cardano (ADA) and Chainlink (LINK) despite the crypto market’s recent price crash.

In a tweet from market intelligence firm IntoTheBlock, it is revealed that ADA investors haven’t been dissuaded despite ADA being down nearly 73% from its all-time high of $3.09, which was been set in early September.

Check out the specific tweet below.

Regardless of the price action, @Cardano‘s holders remain strong.

The balance held by HODLERS- addresses holding >1 year, is at a multi-year high.

These HOLDERS increased their positions to 10.12b $ADA, the largest balance since December 11, 2019.https://t.co/JwHPqq3yKQ pic.twitter.com/s3eMIaE64L

— IntoTheBlock (@intotheblock) February 23, 2022

At the moment of writing this article, ADA is trading in the green and the coin is priced at $0.89. LINK is also trading in the green and the digital asset is priced at $13.4.

As the online publication the Daily Hodl notes, IntoTheBlock said that Chainlink investors have hesitated to let go of their LINK, despite the massive downtrend.= that we’ve been seeing.

Speculation may have left the market, but the marines didn’t hesitate

The number of $LINK holders has been continuously hitting new highs.

279,440 addresses are now holding @chainlink for over a year. They represent 43.9% of the total holder compositionhttps://t.co/sV6Aix1OiL pic.twitter.com/5c3qdjzspp

— IntoTheBlock (@intotheblock) February 23, 2022

The other day, we were revealing that Cardano’s founder Charles Hoskinson is praising the trajectory of Ethereum. He said that there are a lot of things that he’s currently admiring in the rival smart contract platform.

In a new YouTube video, Hoskinson made sure to highlight the fact that Ethereum’s vibrant ecosystem of scaling solutions is something that Cardano can look up to.