🚀 Cardano Reclaims Top 10 Spot
Cardano ( $ADA ) is back in the top 10, currently trading at $0.3925 with a 10.59% increase in 24 hours, pushing Toncoin (TON) to 11th place. This surge has lit up the Cardano ecosystem, with metrics like price and whale activity showing significant growth.
🐋 Whale Transactions Skyrocket
According to IntoTheBlock, Cardano’s whale transactions have jumped by 31.82% in the past day. These large transactions, each valued at $100,000 or more, hit a cumulative volume of $7.4 billion—equal to about 21.42 billion ADA—showing renewed interest from big investors. With 4,730 whale transactions recorded in 24 hours, this trend could boost ADA’s future growth.
📈 ADA Price Outlook
ADA has been trading within a tight range over the past month, from $0.3204 to $0.3934. With this current momentum, Cardano might finally break the $0.4 resistance, a level it hasn’t crossed since July, signaling a potential uptrend for the asset.
🔗 DeFi Boost with BTC Bridge
Cardano’s DeFi progress has lagged behind, but its new cross-bridge with Bitcoin could change that. This connection provides access to Bitcoin’s liquidity, which ADA enthusiasts like Dan Gambardello believe could be transformative for Cardano’s DeFi space. With ADA’s DeFi TVL at $291 million, this bridge could push it into the billions in coming months.
💼 Ecosystem Developments
The Cardano protocol, led by Charles Hoskinson, has ongoing updates like the upcoming Chang hard fork, which may further fuel ADA’s rally.
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