Why Cardano (ADA) Whales Are Accumulating Bitgert (BRISE) This January

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The last few weeks, and more so this month, have seen the number of Cardano whales adding Bitgert (BRISE) to their portfolios increase rapidly.Although Cardano is one of the best-performing coins this month, the massive profit potential that Bitgert has is making it more attractive.Note that Bitgert was among the top cryptocurrencies that rewarded their…

The last few weeks, and more so this month, have seen the number of Cardano whales adding Bitgert (BRISE) to their portfolios increase rapidly.Although Cardano is one of the best-performing coins this month, the massive profit potential that Bitgert has is making it more attractive.Note that Bitgert was among the top cryptocurrencies that rewarded their investors big in 2022, a year that most of the coins, including Cardano, crashed.Crypto experts believe that Bitgert will follow the same path this year and make its investors good profits.There are many reasons why Bitgert is catching the attention of many crypto investors this year, including Cardano whales.One of them is the massive developments the Brise team has promised to deliver in the next few months and the impact the already delivered products will have on this coin.

All these developments have the potential to make Bitgert the most explosive coin in the market this year, bigger than Cardano and many other big cryptocurrencies.That’s why Cardano whales have been buying and also accumulating Bitgert.Here are Bitgert facts worth noting: Bitgert Blockchain Is Superior To Cardano Cardano whales are buying Bitgert because they understand the potential that its blockchain has.BRC20 blockchain is gasless and has a 100k TPS.

This makes it far superior to not only the Cardano chain but almost all the other blockchains in the industry.With the many upgrades on the Brise blockchain, it means the chain will continue to attract a lot of users in 2023.This mean growth in the Bitgert coin market value as the demand for the token rises.Bitgert Ecosystem Growth Is Attracting Investors The Bitgert ecosystem comprises products, projects, and partnerships the team is making.The team is delivering on all three at a very fast pace.

In fact, the Bitgert ecosystem has been one of the fastest growing in the market, and this is expected to continue this year.The Bitgert team is already working on new products, which might start dropping this month.The DEX is in the final stages of development.The Bitgert decentralized marketplace is also being built now.Cardano has no such disruptive products coming up.Hundreds of partnerships are also coming up as well as projects.

Therefore, the Bitgert ecosystem is going to grow faster than Cardano’s.That’s why Cardano whales are buying $BRISE.In conclusion, more Cardano whales will be buying and accumulating Bitgert this January because of the massive profit potential the coin has.

This means Bitgert will continue to explode in 2023, making it an ideal buy today.

Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only.By using this, you agree that the information does not constitute any investment or financial instructions.Do conduct your own research and reach out to financial advisors before making any investment decisions.

Cardano (ADA) has been on a steady downtrend since September of 2021 after hitting its all-time high of $3.1.This has been one of the most brutal downtrends for its investors, the majority of which are now drowning in losses.However, as they say, that one man’s misfortune is another man’s come up, whales have seen this as a perfect opportunity to buy up as much ADA as they can.They have now ramped up their buying and have accumulated about $200 million worth of ADA in the space of a month.Whales Buy 194 Million ADA Over the past five weeks, Cardano whales have been busy accumulating the digital asset.These whales who hold between 1 million and 10 million ADA on their wallet balances have been the most active since the digital asset has been falling and trending around $1.It seems this has presented a buying opportunity to these whales who have now purchased 196 million ADA in this five-week period.

Related Reading | Billionaire Ricardo Salinas Fires Back At Warren Buffett’s Bitcoin Slander Prior to this though, these same addresses have been on a dumping spree.It has caused their collective holdings to drop during this time and in the middle of March had hit one of the lowest points it has ever been.However, after prices had hit a new month low, the whales had resumed their accumulation trend which has increased their collective balances drastically.🐳📈 #Cardano whale addresses holding 1M to 10M $ADA are accumulating their bags these past 5 weeks (196M more $ADA) after a 7-month stretch of dumping (-1.7M less $ADA).The 9th largest market cap asset recently hit prices last this low in February, 2021.

https://t.co/co8BcqHJAF pic.twitter.com/OXpbu3KSXp — Santiment (@santimentfeed) May 3, 2022 In total, these whales have purchased about $200 million worth of ADA in a little over a month.This is not a new trend for Cardano whales though.In the first quarter of 2022 alone, it is reported that addresses that held between 1 and 10 million ADA on their balances had bought over 4 billion ADA.This had increased their collective balances to 12.19 before the dump trend that had started in the middle of March.

Cardano Hits Yearly Lows The current price of Cardano is nothing to write home about but it seems that there is no clear end to this downtrend anytime soon.The digital asset has now managed to hit new yearly lows.ADA had last been at prices this low in February of 2021 and that was when the digital asset was at the beginning stages of its impressive 2021 bull rally.ADA price hits one year low | Source: ADAUSD on TradingView.com Even though the network boasts one of the most loyal investors following in the space, its price does not reflect this loyalty, nor does it reflect all of the upgrades that are being made on the network.This coupled with the flatlining transaction volume paints a rather gloomy future for the digital asset.

Related Reading | Bored Ape’s Land Sale Broke Ethereum.Extreme Success Or Roaring Failure? Cardano investors are also bearing the brunt of the losses in the crypto market.According to data from IntoTheBlock, only 6% of all ADA holders are currently in profit.

A measly 1% of holders are sitting tentatively in neutral territory, while the majority of holders (93%) are completely in the loss.Featured image from Blaze Trends, chart from TradingView.com Cardano, a public and decentralized proof-of-stake (PoS) blockchain has achieved significant milestones over the years.Earlier this week, Cardano registered a massive increase in TVL.A project based on Cardano, gained almost 8,000% of its TVL in the last seven days, according to DeFiLIama.

Modesty #101 Continuing this sentiment, Cardano recorded another impressive statistic.According to a famous analytical platform, Santiment, Cardano traders and investors expected a breakout from the coin that gained more than 50% of its value back in March.The network has enjoyed a modest +6% price rise in the past 24 hours.According to the indicator by Santiment, the ADA supporters remain euphoric toward ADA.

This is evident here by the fact that crowd sentiment toward ADA sat at the most positive levels since mid-November.Also, both the whale transaction count didn’t record any impressive figures yet.While transaction count >$100k recorded a three digital stat, the latter only a 2-digital mark.What’s more? The fact that ADA’s weighted sentiment trailed in the negative zone.

As per Santiment’s insight, it stood at -0.94.

Now, this could be perceived as a bearish development.But, contrary to popular belief, this could indicate a bullish development soon.Waiting for my anchor Now, to convert this “ambiguity” into a solid bullish development, Cardano requires a trigger.Well, investors shouldn’t forget that hard fork is incoming.Cardano (ADA) developer and researcher on Twitter published a thread on Twitter.

He covered the major milestones that the largest PoS network would achieve with the release of Vasil hard fork in late June 2022.#Cardano is anticipating a new wave of upgrades with the Vasil HFC event on the 29th of June 2022 Upgrades on Plutus- #Cardano’s smart contract platform (CIPs) are among the most anticipated components of this HFC event Here’s a breakdown of each one of those upgrades:🧵👇 pic.twitter.com/bmU4U2bRkt — Sooraj 🚢 (@Soorajksaju2) April 18, 2022 The Vasil hard fork is scheduled for 29 June 2022.

Once implemented, it would improve smart contracts capabilities and the user experience.Interestingly, according to a Tuesday Twitter post from Cardano creators Input Output (IOHK), nearly 900 projects existed on the network.The figure grew by roughly 400 since 11 March.Cardano’s snags do not seem to be coming to an end soon.

Ever since the altcoin rallied back in March, it was expected to draw in more investors and money as the market entered the second quarter.

However, the beginning of the second quarter went in another direction as, since the beginning of April, Cardano has lost almost 30% invalidating more than three quarters of the rally.But while investors were not expecting this, some other cohorts certainly were.Whales who became active around February and March as the rally began can be attributed to a coincidence.However, this time was not a coincidence.Cardano: Whales or Prophets? Even before the price consolidation around 26 March could begin, whales had already begun pulling back from the market.And by the time actual price drops hit Cardano from 5 April, whales’ activity was at half of their previous volume.As ADA plummeted further, whales’ deceleration picked up the pace, and within a single day, volume fell by $29 billion.

Although the price fall was certainly not triggered by them, their exit did not help the retail investors either since they failed to read the signals, and consequently, over 1.2 million ADA holders went into losses.Consequently, they lost their confidence and backed off completely, and as a result, the number of on-chain active investors has noticed an 80% drop off from 101k to 21k.Fortunately, no investor has exited the market yet, which means they are still holding on to their coins, hoping for a recovery in the coming weeks.Regardless, it seems like investors are looking at the 7.4% drop from the last 24 hours as an opportunity to rake in more ADA by buying the dip.

This is evident from on-chain orders that exhibit a clear demand for the altcoin given 3.77 million ADA worth $3.3 million is being purchased at the current prices.On top of that, demand for another 17.15 million ADA exists at $0.657, which will not be happening soon as, in order to do that, Cardano will have to drop by another 23%.

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