Analyst Reveals ADA Is “Sleeping” While Cardano’s TVL Increases
- Almost all of the top cryptos are trading in the green after the weekend.
- ADA is currently trading hands at $0.3418 after a 0.36% increase in price.
- Cardano’s TVL is going “parabolic”, but the ADA price still needs to react to this.
The well-known crypto influencer and analyst, Dan Gambardello took to Twitter earlier this morning to share some of his own observations about ADA. According to the post, Cardano’s Total Value Locked (TVL) is going “parabolic”, but despite this, the ADA price still seems to be” sleeping” on this.
Many of the commenters on the post pointed out that a high TVL does not necessarily equate to a price increase for the crypto. Gambardello replied that although this is not the case in the short term, it’s a reflection of blockchain growth, which will then eventually reflect in the price of ADA.
Yesterday, most of the top 10 cryptocurrencies were trading in the red, but as the new week has arrived, this is not the case anymore. Now, almost all of the top cryptos are in the green, although not by much. One of these cryptos is Cardano (ADA).
The post Analyst Reveals ADA Is “Sleeping” While Cardano’s TVL Increases appeared first on Coin Edition.
