- According to the latest data, the prices of Cardano Ape NFTs have skyrocketed compared to the popular Bored Ape NFTs.
- On-chain data shows that the Cardano Shark address has amassed over 300 million ADA coins since the implosion of FTX.
The Cardano ecosystem is experiencing rapid growth in the world of Web3 and non-fungible tokens (NFTs). The Cardano blockchain is becoming the go-to platform for various players to launch their non-fungible tokens (NFTs).
Interestingly, demand for Cardano Apes has skyrocketed recently, driving prices even higher. According to the latest details shared by wab.eth, the Cardano Ape Francisque sold for a whopping $250,000, making it a direct comparison to the hugely popular Bored Ape NFT. It occurs at a time when sentiment is very strong.
There are Cardano apes that sell for about the same price as boring apes.
I am honestly impressed with the growth of this ecosystem. People are still declining. pic.twitter.com/qCtACJabAp
— wab.eth ❁ (@wabdoteth) December 23, 2022
The NFT project launched on the Cardano blockchain has recently received a great deal of attention. Cardano’s largest NFT project, Ape Society, Strong demand from users The lowest NFT price has reached an all-time high of 10,000 ADA.
The volume of NFT transactions on the Cardano blockchain platform has also reached an all-time high. Also, major developments and upgrades taking place on the Cardano blockchain have facilitated sales of NFTs in a much better way.
Cardano continues to make some big strides in the crypto space, but the project has not received enough coverage from its peers in the same industry. However, there was no mention of Cardano in it. Cardano CEO Charles Hoskinson expressed disappointment over the incident.
Not a single mention of Cardano. Pretty low and pretty sad.I honestly expected better pic.twitter.com/0VHSdm5A2H
— Charles Hoskinson (@IOHK_Charles) December 21, 2022
However, blockchain analytics firm Messari recently published a 168-page report called “Crypto Papers of 2023,” which talks about key crypto areas to watch in the coming year.
— Charles Hoskinson (@IOHK_Charles) December 23, 2022
Cardano Shark Addresses ADA Accumulation
Despite recent developments in the Cardano ecosystem, the price of ADA is poorly reflected. In fact, Cardano’s native crypto ADA is under constant selling pressure alongside the broader negative market sentiment.
However, on-chain data shows that ADA followers are accumulating cryptocurrencies despite the current price drop. , pointed out that the Cardano shark address has amassed 330 million ADA coins. It added:
key #cardano Sharks have been accumulating steadily since June. And they have taken this level of dip buying to a new level. #FTX Fallout in early November. Address holding 10k to 100k $ADA $83 million worth of coins have been added since November 7th.
The Cardano Foundation recently report Share your highlights for 2022. The report notes that this year, 2022, Plutus smart contract scripts grew by 400% compared to the previous year. His total number of Plutus smart contract scripts this year jumped to 4,445.