50,828個活躍地址的Cardano是否會推動下一波ADA超級循環？

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Will 50,828 Active Addresses Drive the Next ADA Supercycle?
Will 50,828 Active Addresses Drive the Next ADA Supercycle?
January 22, 2025

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Cardano (ADA) is up 3.05% in the past 24 hours, with the number of active addresses exceeding 50,800 as network activity grows.
Despite falling by more than 5% in the past week and 1% in the past 14 days, Cardano has rebounded significantly in the past 24 hours. According to the latest data, ADA is trading at $0.9921, and the number of daily active addresses has increased.
The increase typically signals strong market participation and reduced concerns about a major sell-off.
Cardano network activity and price correlation
According to on-chain data shared by analyst Ali Martinez, Cardano’s network activity remains strong. Specifically, he mentioned that as of January 20, daily active addresses had reached a level above 50,800.
Historical trends show a correlation between price and network participation. Notably, both indicators saw a surge between January 4 and January 8. The price correction between January 9 and January 12 coincided with a drop in active addresses.
At the same time, both indicators rebounded between January 13 and January 19, showing a renewed focus in the market. After January 20, daily active addresses remained high, although they dropped to around 35,000 on Tuesday.

Cardano chart shows improvement in active addresses metrics | Santiment
Data from IntoTheBlock further supports the recently observed surge in Cardano network activity. Over the past week, new addresses have added 4,79%, showing an influx of new users.
Active addresses rose by 11.99%, indicating higher network participation. However, historical patterns show that after a peak in daily active addresses, a price correction follows.

Cardano Daily Active Addresses
ADA holds a change in trend
Meanwhile, holding distribution trends show that retail adoption is expanding, while long-term holders are reducing their holdings. Cardano’s whale holdings declined by 1.68%, which could indicate profit-taking or strategic reconfiguration.

Cardano Historical Concentration
Meanwhile, investor and retail accumulation grew by 1.60% and 0.72% respectively, showing rising confidence in ADA’s prospects. Increased retail participation generally indicates long-term network sustainability, while investor accumulation signals market optimism.
ADA's technical model and market prospects
Well-known market observers such as trader Peter Brandt also recently joined the discussion on ADA, with Brandt noting that the cryptocurrency may have completed its bearish phase. Brandt identified a descending triangle pattern, which leads to a long-term downtrend starting in 2022.
In early 2023, a double bottom base formation around $0.20 marked a reversal, starting a bullish trend. ADA later surpassed $1.20 by the end of 2024 and subsequently faced resistance. Brandt suggested that this pattern sets the stage for future growth, hinting at a possible altcoin season. In his view, Cardano could be gearing up for what he describes as a grand bull run.