Thursday, November 21, 2024
HomeAltcoinsCardano ADA becomes No. 1 choice of crypto investors in this bear...

Cardano ADA becomes No. 1 choice of crypto investors in this bear market: London Real Survey

According to the London Real survey, which was conducted on June 7 on Twitter, the majority of Twitter handles chose Cardano instead of Bitcoin, Etherum, and other alt coins. 

In this survey, more than 75% of respondents preferred Cardano’s native currency ADA above other top cryptos during a bear market. 

Brian Rose is the official host of London Real TV. In this survey the question was directly marked to crypto community members which currency they preferred to retain the most during the current weak market. Respondents were given the option of choosing between the two most popular currencies, Bitcoin and Ethereum, followed by Cardano’s ADA and “other cryptos.”

Other leading coins like Bitcoin and Ethereum received 11% and 5% support, respectively. The poll received 8,861 total votes.

According to Santiment, an on-chain data source, the number of whale transactions increased significantly last Friday. Between 2 p.m. and 3 p.m. UTC on Friday, June 3, 39 transactions carrying over $1 million in ADA were detected. 

The coin’s value increased by more than 32% after that. The coin’s discussion rate also touched a 17-day high. According to the tweet, whales were collecting ADA on the drop back then, driving the price higher. The sixth biggest cryptocurrency is currently trading at $0.66 at the time of writing.

Related Posts:
Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

14 − one =

- Advertisment -

Most Popular