The number of Cardano (ADA) wallets has doubled compared to May 2021.
As of November 2, the Cardano community witnessed the total amount of ADA wallets reach two million. The previous all-time high of 1 million wallets was achieved in late May of this year.
On January 1, the ADA community had only 203,519 ADA. Then, by May 23, the growth was about 5x, and another 1 million wallets have grown since May. Currently, Cardano (ADA) has reached a new milestone with over 2 million wallets.
Cardano Price Drop
On September 2, ADA hit an all-time high of $3.10 prior to the launch of the smart contracts feature in the Alonzo upgrade. But the cryptocurrency was trading at $1.98 at the time of writing, according to CoinGecko data. The cryptocurrency is about 36% behind its ATH at its current price.