Cardano Gets 100 Million User Exposure With Brave Integration, Whales Scoop 70M ADA

Bhushan Akolkar
2 hours ago
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Cardano Gets 100 Million User Exposure With Brave Integration, Whales Scoop 70M ADA

Highlights

  • The Cardano integration allows Brave wallet users to join initiatives such as Midnight’s Glacier Drop.
  • On-chain data shows Cardano whales accumulated 70 million ADA last week.
  • Analysts see ADA price eyeing a breakout toward $1.27 in the near term, with some projecting longer-term targets up to $15.

Cardano announced its integration with self-custody crypto wallet Brave, which gives native cryptocurrency ADA exposure to a massive 100 million users. This comes just as whales have scooped a massive 70 million ADA coins over the past week. The ADA price has bounced back more than 10% on the weekly chart, and is eyeing a breakout past $1.

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Brave Wallet Integrates Cardano, Offering Access to 100 Million Users

Brave has announced the full integration of the Cardano blockchain into its native wallet. Through the Brave Wallet, users can now hold and manage ADA to perform in-browser token swaps, and participate in Cardano’s on-chain governance. The integration expands Brave’s multi-chain support, which already includes networks like Ethereum and Solana. This is the first big integration as founder Charles Hoskinson backs the CLARITY Act for clear crypto rules.

Following the Brave wallet integrations, users can now join Cardano initiatives such as Midnight’s Glacier Drop, the multi-phase distribution program for the NIGHT token. This move further enhances Brave’s commitment to providing a privacy-first, multi-chain experience. Speaking on the development, Brendan Eich, CEO and co-founder of Brave and the Basic Attention Token (BAT), said:

“This completed integration advances Brave Wallet’s mission to be the most secure way to access Web3. Cardano support broadens multi-chain choice while improving the everyday experience without extensions or extra steps”.

With the native ADA support coming to the Brave Wallet, users can quickly create and manage a Cardano address, then send, receive, and store NIGHT tokens, all within a single, secure, browser-based wallet.

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Whales Accumulate 70 Million ADA Coins

ADA has been on the radar of big players, as whales scooped the dips to $0.75 last week. Citing on-chain data from blockchain analytics firm Santiment, crypto analyst Ali Martinez reported that ADA whales have accumulated 70 million tokens over the past week, signaling renewed interest from large holders.

Cardano Gets 100 Million User Exposure With Brave Integration, Whales Scoop 70M ADA
Source: Ali Martinez

In the near term, market experts see a potential ADA price breakout to $1.27 following the recent listing of the altcoins in the Hashdex Crypto Index ETF.  On the other hand, popular crypto analyst Crypto Patel said that ADA price chart is showing similar breakout patterns as seen in 2020, when it surged from $0.10 all the way to $3.0.

A similar breakout pattern has resurfaced, which highlights the ultimate target near $15 in the next bull rally, representing a potential 1,800% gain from current levels.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.