Cardano

Midnight

Bitcoin

Billion

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">This weekend is one like no other with the majority of top altcoins, including Cardano (ADA), in a rebound mode.&nbsp;<a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer nofollow">According</a> to data from CoinMarketCap, Cardano's price is pegged at $0.4221, up by 5.29% in the past 24 hours. Forming strong support above the $0.4 price mark comes with a lot of underlying on-chain push, including the whale embrace.</p>
<h2 id="cardano-reaffirms-lead-in-whale-transactions">Cardano reaffirms lead in whale transactions</h2>
<p dir="ltr">Data from the crypto analytics platform IntoTheBlock (ITB) hinted at a&nbsp;<a href="https://u.today/cardano-ada-skyrockets-1218-in-whale-inflows-whats-going-on" rel="noopener noreferrer nofollow">Cardano whale trend</a> as this metric has jumped by over 4.5% in 24 hours to $8.87 billion. By whale volume, only Bitcoin has recorded more figures than Cardano among the top digital currencies besides stablecoins.</p> <img data-entity-type="file" data-entity-uuid="f881c0fb-cebb-4b7e-af4c-c9fc545ec2e8" src="https://u.today/sites/default/files/inline-images/Cardano%20Large%20Transactions%20Chart.jpg"><a href="https://app.intotheblock.com/coin/ADA/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">Cardano Large Transactions Chart. Source: IntoTheBlock</a>
<p dir="ltr">Precisely, 21.87 billion ADA has been moved by whales in 24 hours, solidifying the coin’s ongoing price rally. For Cardano, the growth trend follows something like a script.</p>
<p dir="ltr">First, the whales, generally named as those who conduct transactions upward of $100,000, ignite an&nbsp;<a href="https://u.today/26-billion-ada-stuns-cardano-bears-as-price-makes-epic-reversal" rel="noopener noreferrer nofollow">unusual buying spree</a>. Then the trading volume shifts positively as it is currently pegged at $333,501,886, up 1.87% overnight. The resultant impact is an uptick in the price of the coin as showcased by current market data.</p>
<h2 id="developmental-prop-up-for-ada">Developmental prop-up for ADA</h2>
<p dir="ltr">Despite the high volatility, Cardano is a protocol with a deep sense of developmental responsibility. The blockchain has continued to roll out new updates such that it can beat any criticism on reasons for its coin’s growth without the right fundamental backing.</p>
<p dir="ltr">For Cardano, the next major milestone after the Midnight Protocol launch is to have the entire ecosystem shift to a self-governing one. The network is on track to achieve this with the forthcoming&nbsp;<a href="https://u.today/cardano-welcomes-new-releases-ahead-of-chang-upgrade" rel="noopener noreferrer nofollow">Chang upgrade</a> that will help usher in the Voltaire Era.</p>
<p dir="ltr">The timeline is slated for this month, and chances are the 21.87 billion ADA can make all the difference.</p>

21.87 Billion Cardano (ADA) in 24 Hours to Make All Difference

Table of Contents

U_Today

Andre artikler udgivet 13. jul. 2024

Solana, Dogecoin, and Bitcoin See Red; Mdex, Sperax, and Shping Shine

US SEC defeated again; here’s how crypto and Galaxy Fox will benefit

Pixelverse Raises $2M in Private Funding; What About PixelTap?

Bitcoin Set for Major Breakout After 120-Day Slump: Analyst Eyes $70K

Investing in Bitgert: Why This High-Growth Crypto Token is a Must-Have in Your Portfolio

SEC vs. Ripple: One year on since landmark ruling

Join our free newsletter for daily crypto updates!