- Cardano (ADA) whales accumulated tokens worth around $14 million recently.
- The accumulation spike is speculated as a possible sign the token could be gearing up for a run to the 70 cents price mark.
- Daily user counts on Cardano has grown significantly since the start of the year.
Increased whale activities around Cardano (ADA) have spurred speculations of a potential bull run that could significantly bolster the price of the digital asset.
Cryptocurrency YouTube channel AltcoinBuzz noted the development in a recent video where they revealed ADA whales accumulation has grown significantly in recent weeks. In particular, they said that ADA tokens worth around $14 million were accumulated in the period mentioned above.
Importantly, the accumulation evidences the increased interest crypto investors have shown in ADA since late last year. According to AltcoinBuzz, the accumulation spike could be a sign ADA is gearing for a run toward the 70 cents price mark.
Meanwhile, Cardano’s daily active addresses have also seen a significant rise since the start of the year. IntoTheBlock data quoted in…
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