Cardano's ADA Surges as Whale Accumulation Drives Price to New Highs

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Source: The Daily Hodl
Cardano's ADA Surges as Whale Accumulation Drives Price to New Highs
Photo: The Daily Hodl
TL;DR Summary

Cardano (ADA) is experiencing a significant price surge as whales and institutional investors accumulate the cryptocurrency, according to crypto analyst Ali Martinez. Large transactions on the Cardano network have exceeded $22 billion daily, with whales increasing their holdings by over 100% in the past month. Martinez suggests that if ADA maintains its support level at $0.80, it could potentially target a price of $6, mirroring its previous bullish cycle. ADA is currently trading at $1.06, showing substantial gains recently.

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