Coin Bureau founder Guy Turner recently shared his bullish outlook on Cardano ($ADA) during an interview on the CryptoBusy podcast.
Turner acknowledged that while Cardano has its issues and detractors, it has made progress with its recent Vasil upgrade, and has a dedicated community which is crucial for the survival of any project.
He also mentioned the scheduled upgrades, including the upcoming Hydra upgrade focused on scaling, as reasons for his optimism about Cardano’s future.
Crypto analytics firm Santiment recently analyzed Cardano’s positive and negative metrics. On the positive side, the number of “whale transactions” has increased significantly in February, with an average of 1,700 transactions per day.
Additionally, large addresses holding 10k to 10m ADA have accumulated 659.53M ADA, worth $235.5M, since the FTX collapse in November 2022.
On the negative side, the amount of time that coins sit in an address has increased, and the number of daily active addresses interacting with the ADA network has decreased.
Overall, Santiment remains optimistic about Cardano, with more positive indicators than negative. Trader sentiment towards ADA is currently slightly negative, which could suggest the possibility of a price burst that could surprise the market.
