Despite the unusual volatility that has affected markets, Cardano has maintained its strength. Its latest advances have raised its case for being a robust cryptocurrency in the near future. Since it was announced that Bitrue would be making the ADA a base currency, the cryptocurrency has gained 15.12% in the past 24 hours. Its market valuation has also increased by over 6%. The cryptocurrency was down 65% from its all-time high.
Despite all the obstacles it faced, Cardano has still managed to maintain a calm and steady movement. This is largely due to the increasing investor confidence. Despite the volatility, the holders of Cardano seem to remain unshaken. Its holders have increased their positions to a multi-year high. This figure shows how many investors are still keeping their coins. Despite all the obstacles it faced, they still managed to keep their coins. According to a merchant platform known as ZyCrypto, the number of shark addresses has increased significantly in the past couple of weeks.