FACT: Cardano $ADA is far more advanced than at its $3.10 ATH in 2021.
With Leios, BTC DeFi, partner chains, and much more on the way.
It's just a matter of time till the price reflects this.
Coinbase's Cardano reserves just shot up by 462%, going from 1.7M to 9.56M ADA.
This means two things are happening: demand for Coinbase Wrapped ADA is exploding, and institutions are buying ADA and parking it on Coinbase. On the flip side, their XRP reserves have plummeted from 970M to just 99M.
What this tells us is that, unlike XRP, ADA's utility on other chains is growing, and institutional demand is surging.
Narratives always explode right after the big players have finished accumulating.
(Source: mitrade)