ADA Price Holds Firm While Whales Buy More | Airdrop Alert Pro

Cardano (ADA) price Over the past three days, wider crypto bearish sentiment has been rebelled against. And total Crypto Market CAP has dropped 4.5% over the past 24 hours, hovering around $3.26 trillion, with ADA prices rising more than 11% since the beginning of the week, at an early European conference on Wednesday, February 12, 2024 Trading about 76 cents.

Large altcoins passed Proof of interest The (POS) consensus mechanism has completely diluted its valuation to more than $34.4 billion, with an average transaction volume of about $1.4 billion.

Cardano whales accumulate ruthlessly

Overall demand for ADA by whale investors remains high over the past few months. The development of a well-known network that ensures strong decentralized governance has convinced more institutional investors. also Grayscale Investment Grayscale Investment – Investment platform It’s the first application Discover ADA ETFs with US SEC.

According to the key to on-chain data, Ada Whale, with an account balance of at least 1 million coins, has increased by 1.41 billion coins since November 2023, accounting for 2.35% of the total alternative token supply.

ADA price next step

From mid-November 2024 to mid-January 2025, ADA prices have been trapped in short-term correction mode after experiencing a major resistance level of approximately $1.1. Over the past few days, alternatives tokens with smart contracts have been retested between $0.68 and $0.76.

After the ADA’s price exceeded the rebound in logarithmic trends established earlier this year, ADA’s price was good and could surpass the macro amplifier structure toward its highest ever.

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