Cardano Whales Return To The Table, Increase Massive Holdings By 10%

2024-5-18 20:00

Cardano (ADA) whales are back in the picture, with recent data suggesting their confidence in the crypto token may have been revived. If so, this will be massive for ADA, which could experience significant price surges soon enough based on this development. 

Cardano Whales Add To Their Holdings

The market intelligence platform IntoTheBlock recently revealed in an X (formerly Twitter) post that Cardano whales (who hold between 100 million and 1 billion ADA) have now added 11% to their balances over the past 30 days. These investors now hold 6.71% of Cardano’s total supply. 

This represents a bullish development for Cardano since whale accumulation usually suggests that these investors are positioning for a potential price surge. These whales also contribute to the price surge since buys of such magnitude could trigger a rally in the price of any crypto token. 

Besides the whales, retail investors are also heavily invested in Cardano. Data from IntoTheBlock shows that the bid-ask volume imbalance is bullish for ADA. Furthermore, the ‘In The Money’ metric has also turned bullish for Cardano, meaning that most of these investors are currently in profit. 

Generally, the confidence in the Cardano ecosystem is growing once again. Data from DeFiLlama shows that the Total Value Locked (TVL) on the network has increased by over 5% in the last seven days. Lately, there has also been a significant increase in Cardano’s trading volume, meaning users are actively trading on the network. 

Cardano’s Rally Is Imminent 

Crypto analyst World of Charts suggested that Cardano might soon experience a significant rally, noting that the crypto token’s breakout was already confirmed and moving toward the projected price targets. The analyst had previously predicted that a successful breakout would take Cardano’s price to $1 in the coming weeks. 

Crypto analyst Trend Rider also confirmed that Cardano is already witnessing a bullish reversal, highlighting the bounce the crypto token made after flashing a bullish signal on the daily chart. In the short term, the analyst expects ADA to climb back above $0.5 and added that Cardano will need to hold above $0.51 on the weekly to end the price correction and confirm a bullish continuation. 

Crypto analyst Dan Gambardello, the founder of Crypto Capital Venture, also provided insights into Cardano’s future trajectory. He noted that Cardano is currently breaking its 20-day moving average (MA), which the analyst claimed is a very “nice sign” for ADA. 

Gambardello pointed out on Cardano’s daily chart that the 50-day MA has crossed the 200-day MA, which likely means that the bottom is already in, and this is the lowest Cardano will go. This occurrence is referred to as a golden cross and is a bullish signal, indicating the beginning of an upward trend. 

Featured image from Pexels, chart from TradingView

origin »

Cardano (ADA) на Currencies.ru

$ 0.651 (-0.32%)
Объем 24H $1.127b
Изменеия 24h: -3.65 %, 7d: -12.15 %
Cегодня L: $0.6381 - H: $0.6797
Капитализация $22.959b Rank 9
Доступно / Всего 35.268b ADA / 45b ADA

ada cardano massive whales revived could significant

Источник: newsbtc.com

ada cardano → Результатов: 126


Cardano Sees Record-High Positive Sentiment After SEC Announcement – 5 Reasons ADA Is a Good Buy

Cardano (ADA) has experienced a significant surge in positive sentiment across social media platforms following recent regulatory developments. According to Santiment, the cryptocurrency’s community has driven bullishness to its highest level in over four months, largely influenced by the SEC’s recognition of ADA’s use case for “smart contracts for government services.

2025-3-19 12:30


Cardano’s Plomin Hard Fork: A Catalyst for ADA Growth Amidst Market Volatility?

As it moves through a dynamic crypto market and recent watershed moments become crystallized, Cardano (ADA) finds itself more and more at a point of potentially great significance. In this transitional moment, it has introduced decentralized governance, and what that really means is that ADA holders now have the power to effectively vote on major [...]

2025-1-29 22:10


Фото:

Legendary Trader Peter Brandt Says Cardano Setting Up For Monster Bull Rally After Forming Bottom

Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, recently lept back above the $1 threshold – indicating robust buying momentum. Like other major cryptocurrencies, ADA has enjoyed the latest Trump-spurred upsurge, largely due to its parent company, Input Output Global (IOG) being a U.

2025-1-20 16:52


Прогноз Cardano: поднимется ли ADA до $1,50 или упадет к $0,70?

Cardano (ADA) демонстрирует рекордный рост за последние 15 месяцев. Скачок цены начался 4 ноября и совпал с переизбранием Дональда Трампа. Это укрепило оптимизм инвесторов. На недельном графике криптовалюта продолжает формировать более высокие максимумы и минимумы.

2024-12-30 17:28


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

On-Chain Data Shows The Bitcoin Price Bull Run is Far From Over

Despite Bitcoin's recent rally, on-chain data reveals the bull market still has plenty of room to grow. Metrics like the MVRV Z-Score, NUPL, and Puell Multiple suggest Bitcoin is far from overheated, pointing to potential for significant upside in the months ahead.

0DOG and MATIC price prediction amid Polygon’s token swap

Bitcoin fell to lows of $56k again as crypto dumped amid a fresh surge in stocks. Many altcoins are mirroring this dump, including Polygon and Bitcoin Dogs. Yet, as the market experiences new downside pressure at the start of a historically tough September, most experts are doubling down on a bounce for Bitcoin in coming […] The post 0DOG and MATIC price prediction amid Polygon’s token swap appeared first on CoinJournal.

Bitcoin Remains On Top As Altcoin Season Fails To Gain Traction

The cryptocurrency market experienced a significant rally last week, providing a much-needed boost for many short-term speculators to turn profits. Bitcoin led the charge, surpassing the $64,790 mark, though the momentum appeared to have eased by the time of writing.