Cardano rises as whale transactions peak; High ADA?

Cardano (ADA) is showing bullish signs amid its developments, projects and ecosystem growth. Analytics platform Santiment noted that the cryptocurrency stood out on November 2, reaching a rise of 9%.

Furthermore, the ADA cryptocurrency has been registering very significant growth in recent weeks. Santiment points to Cardano’s upward trend given its recent activity with whale transactions reaching a peak.

“Cardano was the big story on Thursday, with its market cap growing +9% in the last 24 hours and now +36% in 2 weeks. As usual, #onchain activity hinted at this bullish action with $ADA address activity and whale transactions at their highest level in over 3 months,” he wrote.

📈 #Cardano has been the big story Thursday, with its market cap growing +9% in the past 24 hours and now +36% over 2 weeks. As usual, #onchain activity hinted at this #bullish action with $ADA address activity & whale transaction at their highest in 3+ months.… pic.twitter.com/IYBBk3ssf4

— Santiment (@santimentfeed) November 2, 2023

It is worth noting that, once again at the top and maintaining its leadership from September, Cardano (ADA) once again recorded the highest development activity in October, according to Santiment data shared by the analytics platform, CryptoDep, on October 30.

According to the data, with an impressive 505 events that were recorded in its GitHub repositories in the last 30 days, Cardano emerged in the lead, surpassing its competitors.

At the time of publication, the price of Cardano was quoted at US$0.317024, up 2.0% in the last 24 hours. The cryptocurrency has recorded a growth in its price of 10.7% in the last seven days.

Analyst Projects ‘Explosive Rise’ for Cardano (ADA) at $30

Recently, an analyst, fond of the lights of charts and data, made an audacious statement, releasing a number that left many enthusiasts heartbroken: ADA reaching the stratospheric US$30.

The analyst, known in digital corridors as @LucidCiC, brought an optimism to the platform X stage that could even seem contagious. Citing the herculean feats of Bitcoin and Ethereum, which rose to market valuations that many considered unattainable, @LucidCiC painted a picture where Cardano not only followed in the footsteps of these giants, but also surpassed them.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.