- Institutional investors are showing interest in ADA.
- ADA’s price may reach $0.45 in the short term.
The last three months have proven to be crucial for Cardano [ADA], and the coming ones may even be more instrumental. This is because a lot of transactions worth over $100,000 have been rampant on the network.
According to Ali Martinez, an analyst, the surge in transactions means that there has been an increase in institutional interest in ADA.
Martinez, in his post, also noted that whales have also been involved while stressing the potential impact on ADA’s price. The analyst mentioned that moves like this could be vital to a substantial increase in ADA’s price.
#Cardano | In the last three months, there’s been a significant increase in $ADA transactions over $100,000, reaching new highs consistently.
This surge points to 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
ADA eyes $0.45 as its next move
So, it was not surprising that ADA’s 90-day performance showcased a whopping 59.48% increase. But can the token do much more than this? To have an idea of this potential,
Go to Source to See Full Article
Author: Victor Olanrewaju
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
