Cardano made 100% profits to investors despite the market crash

• Cardano is placed at sixth position in the market cap with a valuation of more than $35 billion.
• With its smart features and working far better than the Ethereum network, it’s said to be “Eth Killer.’
• Recent reports have stated that some ADA holder accounts have almost doubled their investment since the market corrections. 

What they say about an intelligent investor is that he’s the one who gets profit when the market goes up and gets profit even when the market goes down. Similar situations seem to happen with Cardano investors whose investments have almost doubled. This shows that recent market corrections that resulted in the crypto market globally losing its value by 48% have still not deviated some investors from accumulating their assets and earning profits. 

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Cardano wallets behave opposite to the market’s downfall

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Cardano’s native token ADA wallets have experienced doubled growth in number in just 11 days since prices are falling. Cryptocurrencies have been facing a downfall throughout January, especially after mid of this month. Not just the crypto market, almost every other market seems to experience corrections due to which prices are getting lower and continuing. Various reasons for this concern worldwide have been pointed out, from new Covid variants to Ukraine-Russia tension and from FED interest rate hikes to Kazakhstan Bitcoin mining halt. 

Reports about the growth of ADA wallets

It was until mid-Jan when the market was going at least good such that on 18th Jan ADA was at its six weeks high of $1.65, but things started to change after that, and it started dropping down. After that price has seen a downfall of approx 45% in the next four days and on 22nd Jan traded at $0.92. Currently, it’s trading at $1.07, although still less than what it was last year. 

This loss in value has not discouraged investors from holding the Cardano asset. Reports from analytics resources stated that several address 10k to 1 million tokens had increased their count to approximately $55 million worth of Cardano tokens, equivalent to more than 110% growth in less than two weeks.