Cardano ADA/USD is currently trading at $0.7288 after a slight downturn, dropping 1.38% in the last 24 hours and 11% over the past seven days, according to CoinMarketCap. It follows a decrease in trading volume of Cardano, in spite of positive investor sentiment and media commentary surrounding the cross-chain bridge.
As per Coingape, ADA volume fell from $934 million on May 16 to $620 million by May 19. Large ADA holders are capitalizing on the lower prices, reported Binance Square. According to Santiment, whales have acquired over 80 million ADA tokens within 48 hours. Large holders are anticipating a price rebound as broader market sentiment improves.
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Cardano Foundation founder, Charles Hoskinson, has publicly confirmed growing speculation about a strategic DeFi (Decentralized Finance) collaboration with Litecoin (LTC), according to Coingape.
The partnership will establish a cross-chain bridge, with a potential…
