CandleFocus 16.25 Billion Cardano (ADA) in 24 Hours, What's Happening?
2024-12-17
Author: Content Editor
Large transactions have surged on the Cardano (ADA) blockchain in the past 24 hours, indicating increased activity from whales. Over 16 billion ADA, valued at $17.61 billion, has changed hands in recent whale activities, with the number of large transactions increasing by 25.83%. This rise in whale action could have a positive impact on price performance, potentially leading to a price rally. Analysts believe that ADA whales are anticipating something significant in the near future, and if their buying spree continues, ADA could test the $1.50 resistance level. In the long term, the announcement of an ETF for Cardano could potentially drive the price up to $3.
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