Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Whales and ETFS Fuel Bitcoin Surge: $ 3.02 billion inflow spark $ 106k price drop hope

2025-05-01

Chainstack makes Scroll ZKEVM support possible with seamless node implementation

2025-04-30

XRP – Price takes a breathing break – can bulls bounce back here?

2025-04-30
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Chainstack makes Scroll ZKEVM support possible with seamless node implementation

    2025-04-30

    AWS and Microsoft Data Center Pullback reveals blockchain’s AI -Imperative

    2025-04-30

    NodeOps Partners Major Crypto Venture Firms as Validator

    2025-04-30

    NEO works together with FIO to increase the web3 accessibility worldwide

    2025-04-30

    Space and Time Foundation is launched to provide Next-Gen Crypto apps with ZK-Consised data

    2025-04-30
  • NFT

    NFT -Trade graphs shake up in April as a courtyard rises

    2025-04-29

    NFT -turns down to $ 89.4 million, Cryptopunks Sales jumps 106%

    2025-04-26

    Cloudflare removes RTFKT Clonex NFT art due to conditions of service violations

    2025-04-25

    Is the Trump Gala dinner an NFT promoting stunt?

    2025-04-24

    Why RTFKT and Nike’s Ethereum NFT artwork have disappeared

    2025-04-24
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP – Price takes a breathing break – can bulls bounce back here?

    2025-04-30

    Crypto Giant Galaxy Digital announces plans to become public on Nasdaq

    2025-04-30

    XRP Mega Candle on the Horizon? Analyst repeats $ 27 target

    2025-04-30

    DWF Labs called Official Market Maker for JST as the ecosystem only expands

    2025-04-30

    Nasdaq submits a request to SEC to mention Spot Dogecoin (doge) ETF sponsored by 21Shares

    2025-04-30
  • Learn

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17

    Real-World-Assets in Crypto, Explained

    2025-04-16

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

    2025-04-11

    Receive a welcome bonus of $ 50 when you become a member of the CHANGELLY Mobile App – Only this March!

    2025-03-04

    Centralized Exchange (CEX) vs Decentralized Exchange (DEX): What’s The Difference?

    2025-03-03
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Heavyweight investors are switching to Cardano, what’s next?
Analysis

Heavyweight investors are switching to Cardano, what’s next?

2023-12-04No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Cardano (ADA) has recently attracted the attention of large-scale investors, also known as whales. Using on-chain data, crypto analyst Ali has observed a significant increase in the number of large ADA transactions, typically over $100,000, over the past three months.

Ali noted that this growing trend indicates an increased interest in ADA from institutional players and wealthy individuals. The analyst further revealed that such whale activity has often been a harbinger of impending price moves.

#Cardano | There has been a significant increase in numbers over the past three months $ADA trades over $100,000, consistently reaching new highs.

This increase indicates a growing interest in #ADA from institutional players and whales, which is usually a precursor to price spikes. pic.twitter.com/APczM2PGxM

— Ali (@ali_charts) December 4, 2023

While transactions can have a significant impact on cryptocurrency market dynamics, this often reduces circulating supply as whales accumulate assets, creating potential upward pressure on prices.

Conversely, if they sell, it can result in a sudden increase in supply, leading to price drops. In the case of ADA, recent whaling activity has coincided with a positive price trajectory.

ADA bullish trajectory and market outlook

ADA’s market performance reflects the growing interest in whales. In the last 24 hours alone, the crypto asset has seen a rise of 2.2%, and over 5% in the past week.

Cardano (ADA) price chart on Tradingview
The Cardano (ADA) price is moving sideways on the 4-hour chart. Source: ADA/USDT op TradingView.com

Although ADA has seen some pullback from its recently reached peak above $0.41, it is currently maintaining a stable position in the $0.40 zone. This bullish trend is further supported by an increase in ADA’s trading volume, which has doubled from $250 million to over $500 million in a week.

See also  Financial giant BlackRock endorses up to 2% Bitcoin (BTC) allocation in multi-asset portfolios: report

This increase in trading activity and price is consistent with the predictions of another analyst, Dan Gambardello. Gambardello has identified bullish setups in Bitcoin, Ethereum and ADA, predicting that ADA could rise to $0.45 in the near term, with a long-term target of $0.80-$0.85.

The analyst attributes his optimistic forecast to the growth and resilience of the Cardano ecosystem, even amid recent bearish trends in the broader market.

GROUNDBREAKING MOMENT: Bitcoin, Cardano, Ethereum setup for BULL MARKT https://t.co/cPfZzIVCxh

— Dan Gambardello (@cryptorecruitr) December 4, 2023

Recent data from DeFiLlama reveals a notable uptick in the Cardano ecosystem, with Total Value Locked (TVL) growing over 20% over the past month and currently standing at $275 million.

Cardano (ADA) total value locked (TVL).
Cardano (ADA) total value locked (TVL) in the past year. | Source: Defillama

While this figure is below the March 2022 peak of over $300 million, the ecosystem’s approach to this earlier high reflects its resilience, as indicated by Gambardello amid recent bearish market sentiment.

Cardano’s ecosystem: a catalyst for future growth?

Gambardello’s enthusiasm for Cardano extends beyond current market performance. The analyst believes that the development of the Cardano ecosystem during the bear cycle positions it for significant growth in the future.

Gambardello predicts that Cardano could soon account for 1% of the total crypto market capitalization. Such a milestone would be a testament to the robustness and innovation of the ecosystem, potentially leading to a substantial increase in ADA in the next bull run.

Notably, Gambardello is not the only analyst predicting a bullish future for ADA. In a recent post on X, Ali highlighted ADA’s presence in a crucial demand zone. The analyst pointed out that price levels around $0.37 to $0.38 have seen significant buying activity, with more than 166,470 wallets purchasing ADA in this range.

#Cardano is in a key demand zone between $0.37 and $0.38. Here, 166,470 wallets acquired 4.88 billion $ADA.

With minimal resistance going forward and solid support at the bottom, staying above this zone could pave the way $ADA to climb to new annual highs. But be careful, because losing… pic.twitter.com/GDjhspFSVr

— Ali (@ali_charts) November 27, 2023

Ali interprets this strong buying interest as indicative of a solid level of support for ADA. According to his analysis, the ADA is poised for an uptrend with little resistance ahead, potentially breaching the yearly high of $0.4518.

See also  Large-Cap Cryptocurrencies BNB, Cardano, Solana, and Polygon Fall in Price This Week After SEC Labeled These Securities

Despite ADA recently surpassing and seemingly respecting these key demand zones, the price has only peaked at $0.41 so far, and not quite above the $0.45 mark.

However, given the surge in whale activity and the bullish sentiment enveloping the global crypto market, reaching and possibly surpassing the annual high remains a plausible outcome.

Featured image from Unsplash, chart from TradingView



Source link

Cardano Heavyweight investors switching Whats
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP – Price takes a breathing break – can bulls bounce back here?

2025-04-30

Crypto Giant Galaxy Digital announces plans to become public on Nasdaq

2025-04-30

XRP Mega Candle on the Horizon? Analyst repeats $ 27 target

2025-04-30

Cardano claims the crown of Ethereum in core development

2025-04-30
Add A Comment

Comments are closed.

Top Posts

eCash (XEC) Price Prediction

2023-04-26

Bitcoin – Is history repeating itself? This is why there is still a $400,000 price target!

2024-12-28

Bitcoin Crashes 7% in 24 Hours – Here’s Why and What to Expect Next

2024-01-13
Editors Picks

Buying Bitcoinwalvissen while panic weak hands – is a market base nearby?

2025-04-02

Short-term Bitcoin holders are making profits after prices briefly reach $28,500

2023-10-03

Why is Bitcoin going up? How High Can Bitcoin Go?

2024-12-05

DOJ seeks to seize two luxury jets allegedly owned by Sam Bankman-Fried as FTX trial enters third day

2023-10-05
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Whales and ETFS Fuel Bitcoin Surge: $ 3.02 billion inflow spark $ 106k price drop hope

Chainstack makes Scroll ZKEVM support possible with seamless node implementation

XRP – Price takes a breathing break – can bulls bounce back here?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$94,829.13-0.18%
  • ethereumEthereum(ETH)$1,808.770.09%
  • tetherTether USDt(USDT)$1.00-0.04%
  • rippleXRP(XRP)$2.21-1.74%
  • binancecoinBNB(BNB)$599.64-0.74%
  • solanaSolana(SOL)$148.830.65%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.174290-0.87%
  • cardanoCardano(ADA)$0.69-1.89%
  • tronTRON(TRX)$0.2465841.04%
  • suiSui(SUI)$3.48-2.37%
  • chainlinkChainlink(LINK)$14.55-0.95%
  • avalanche-2Avalanche(AVAX)$20.95-4.05%
  • unus-sed-leoUNUS SED LEO(LEO)$9.120.93%
  • stellarStellar(XLM)$0.271921-3.08%
  • the-open-networkToncoin(TON)$3.17-2.08%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.40%
  • hedera-hashgraphHedera(HBAR)$0.183523-2.48%
  • bitcoin-cashBitcoin Cash(BCH)$367.651.55%
  • hyperliquidHyperliquid(HYPE)$19.344.27%
  • polkadotPolkadot(DOT)$4.10-1.58%
  • litecoinLitecoin(LTC)$84.31-1.82%
  • daiDai(DAI)$1.000.00%
  • moneroMonero(XMR)$279.160.02%
  • bitget-tokenBitget Token(BGB)$4.35-1.05%
  • ethena-usdeEthena USDe(USDE)$1.000.08%
  • piPi(PI)$0.625.21%
  • pepePepe(PEPE)$0.000009-0.07%
  • aptosAptos(APT)$5.38-0.53%
  • uniswapUniswap(UNI)$5.28-0.88%
  • bittensorBittensor(TAO)$354.61-3.70%
  • okbOKB(OKB)$51.37-0.12%
  • nearNEAR Protocol(NEAR)$2.48-2.49%
  • ondo-financeOndo(ONDO)$0.91-2.92%
  • gatechain-tokenGateToken(GT)$22.070.10%
  • internet-computerInternet Computer(ICP)$4.940.45%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.02-0.23%
  • aaveAave(AAVE)$167.761.06%
  • ethereum-classicEthereum Classic(ETC)$16.62-0.97%
  • mantleMantle(MNT)$0.751.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2396961.26%
  • kaspaKaspa(KAS)$0.0925795.24%
  • crypto-com-chainCronos(CRO)$0.089132-1.27%
  • render-tokenRender(RENDER)$4.49-1.03%
  • vechainVeChain(VET)$0.026323-2.26%
  • algorandAlgorand(ALGO)$0.219422-4.28%
  • filecoinFilecoin(FIL)$2.760.38%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.753.15%
  • ethenaEthena(ENA)$0.3194681.21%
  • cosmosCosmos(ATOM)$4.32-1.32%
  • bitcoinBitcoin(BTC)$94,829.13-0.18%
  • ethereumEthereum(ETH)$1,808.770.09%
  • tetherTether USDt(USDT)$1.00-0.04%
  • rippleXRP(XRP)$2.21-1.74%
  • binancecoinBNB(BNB)$599.64-0.74%
  • solanaSolana(SOL)$148.830.65%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.174290-0.87%
  • cardanoCardano(ADA)$0.69-1.89%
  • tronTRON(TRX)$0.2465841.04%
  • suiSui(SUI)$3.48-2.37%
  • chainlinkChainlink(LINK)$14.55-0.95%
  • avalanche-2Avalanche(AVAX)$20.95-4.05%
  • unus-sed-leoUNUS SED LEO(LEO)$9.120.93%
  • stellarStellar(XLM)$0.271921-3.08%
  • the-open-networkToncoin(TON)$3.17-2.08%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.40%
  • hedera-hashgraphHedera(HBAR)$0.183523-2.48%
  • bitcoin-cashBitcoin Cash(BCH)$367.651.55%
  • hyperliquidHyperliquid(HYPE)$19.344.27%
  • polkadotPolkadot(DOT)$4.10-1.58%
  • litecoinLitecoin(LTC)$84.31-1.82%
  • daiDai(DAI)$1.000.00%
  • moneroMonero(XMR)$279.160.02%
  • bitget-tokenBitget Token(BGB)$4.35-1.05%
  • ethena-usdeEthena USDe(USDE)$1.000.08%
  • piPi(PI)$0.625.21%
  • pepePepe(PEPE)$0.000009-0.07%
  • aptosAptos(APT)$5.38-0.53%
  • uniswapUniswap(UNI)$5.28-0.88%
  • bittensorBittensor(TAO)$354.61-3.70%
  • okbOKB(OKB)$51.37-0.12%
  • nearNEAR Protocol(NEAR)$2.48-2.49%
  • ondo-financeOndo(ONDO)$0.91-2.92%
  • gatechain-tokenGateToken(GT)$22.070.10%
  • internet-computerInternet Computer(ICP)$4.940.45%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.02-0.23%
  • aaveAave(AAVE)$167.761.06%
  • ethereum-classicEthereum Classic(ETC)$16.62-0.97%
  • mantleMantle(MNT)$0.751.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2396961.26%
  • kaspaKaspa(KAS)$0.0925795.24%
  • crypto-com-chainCronos(CRO)$0.089132-1.27%
  • render-tokenRender(RENDER)$4.49-1.03%
  • vechainVeChain(VET)$0.026323-2.26%
  • algorandAlgorand(ALGO)$0.219422-4.28%
  • filecoinFilecoin(FIL)$2.760.38%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.753.15%
  • ethenaEthena(ENA)$0.3194681.21%
  • cosmosCosmos(ATOM)$4.32-1.32%