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.

READ MORE:

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