Cardano NFT sold for $250k almost same price as chained monkeys – ADA was never a zombie chain
- The latest data reveals that the price of Cardano Ape NFTs has shot up compared to the popular Bored Ape NFTs.
- On-chain data shows that Cardano shark addresses have accumulated over 300 million ADA coins since the implosion of FTX.
The Cardano ecosystem has witnessed rapid growth in the world of Web3 and non-fungible tokens (NFT). The Cardano blockchain is slowly becoming a go-to platform for various players to launch their non-fungible tokens (NFT).
Interestingly, demand for Cardano Apes has shot up recently, driving prices even higher. According to the latest details shared by wab.eth, Cardano sold Ape Francisque for a whopping $250,000, putting them in direct comparison with the highly popular Bored Ape NFTs. The interesting part is that such a development comes at a time of very strong bear market sentiment.
There are gimbal monkeys that sell for almost the same price as boring monkeys.
Honestly impressed with the growth of this ecosystem. People still fade. pic.twitter.com/qCtACJabAp
— wab.eth ❁ (@wabdoteth) 23 December 2022
NFT projects launched on the Cardano blockchain have seen very good progress in recent times. The Ape Society, Cardano’s largest NFT project, has witnessed strong user demand, and the floor price of the NFTs has reached a record high of 10,000 ADA.
The volume of NFT transactions on the Cardano blockchain platform also reaches a new high. The major developments and upgrades taking place on the Cardano blockchain have also made the sale of NFTs much better.
Although Cardano continues to make some great strides in the crypto space, the project is not getting enough coverage from its peers in the same industry. Crypto exchange Coinbase recently published a report for its 2023 Crypto Market Outlook, but there was no mention of Cardano in it. Cardano CEO Charles Hoskinson expressed his disappointment over the case.
Not a single mention of Cardano. Pretty low and pretty sad. I honestly expected better pic.twitter.com/0VHSdm5A2H
— Charles Hoskinson (@IOHK_Charles) 21 December 2022
However, Blockchain research firm Messari recently published a 168-page report called “The Crypto Theses for 2023” in which it talks about key crypto areas to watch for in the coming year. The report has a mention regarding Cardano.
We have some cardano coverage. pic.twitter.com/exfrititkG
— Charles Hoskinson (@IOHK_Charles) 23 December 2022
Cardano Shark addresses accumulating ADA
Despite the recent developments in the Cardano ecosystem, it has not been much reflected in the ADA price. Indeed, Cardano’s native crypto ADA has been constantly under selling pressure in tandem with the broader market’s negative sentiment.
But on-chain data shows that ADA believers have been accumulating the cryptocurrency despite the current drop in price. On-chain data provider Santiment noted that the Cardano shark addresses have collected 330 million more ADA coins ever since the implosion of crypto exchange FTX. It added:
Key #Cardano sharks have been gathering steadily since June. And they have taken this level of dip buying to a new level since #FTX precipitation at the beginning of November. Addresses holding 10k to 100k $ADA has added $83 million in coins since November 7th.
Politeness: Sentiment
The Cardano Foundation recently published a report that shares the highlights of the year 2022. The report notes that in the year 2022, Plutus smart contract scripts jumped 400% compared to the previous year. the total number of Plutus smart contract scripts this year has jumped to 4,445.
