Cardano Wallets Jump by 400,000 but ....

Data from TapTools shows that in just over 6 months, Cardano has added 400,000+ new wallets. Additionally, ADA’s 24-hour trading volume has surpassed $700 million. CoinMarketCap ranks Cardano’s community sentiment as the 7th most bullish, with over 81% positivity.

ADA remains under pressure

However, its recent price action remains in a bearish trend. Cardano has dropped 13.4% in the past week, falling from over $0.70 on June 12 to around $0.60 today.