Cardano Surge Sparks Potential Retail FOMO, Says Santiment

Crypto analytics firm Santiment suggests that Cardano (ADA) may soon see a surge in interest from retail investors, driven by "fear of missing out" (FOMO).

In a recent post on X, Santiment highlighted ADA’s recent performance, noting its unexpected 25% rise over the past week as one of the standout movements in the broader crypto rally.

🚀 Cardano has been one of the notable surprise altcoins taking flight during this crypto-wide pump. Now up over +25% in the past 3 days, we may be seeing some retail FOMO coming soon. This has been a long time coming for the patient ADA community. pic.twitter.com/Ph2ZFFKnIU

— Santiment (@santimentfeed) November 8, 2024

This momentum, they say, could attract a wave of retail interest as ADA’s long-term supporters finally see their patience paying off.

Santiment’s data reveals that 37,892 unique ADA addresses made transfers in a single day, the highest since September 4.

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Here is What Could be Behind Cardano’s Recent Surge

Additionally, nearly 700 large transactions – each exceeding $100,000 – were processed by ADA whales last week. As of the latest update, Cardano is trading at $0.59, marking a more than 77.55% jump in just the last 7 days.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.