Cardano ($ADA
) continues to attract the attention of crypto investors, having overcome the price mark of $0.43 for the first time since July. Over the past 3 days, quotes have risen by more than 25%, helped by a surge in activity on the network and an increase in the number of large #transactions . At the peak, 697 transactions with amounts over $100 thousand were recorded in 1 day - this is the maximum figure since September. This behavior of “whales” may signal their interest in further increasing the value of the digital asset.
In addition, it was noticed that 37.89 thousand unique ADA-addresses made transfers in a day, which was also a record since the beginning of September. This data emphasizes: the network is attracting not only large investors but also retail users, which keeps the blockchain active.
This surge can be attributed to improvements in Cardano's infrastructure, including the development of decentralized applications and work on attracting new projects to the ecosystem. Notably, the platform is actively improving its technology stack, providing more flexible and affordable solutions for developers and users.
However, experts warn: this growth may be temporary and potentially comes with the risk of a pullback, especially if new investors enter the market in an attempt not to miss the moment (#fomo ) after the US presidential election. Analysts note that ADA volatility remains high and the market could correct if bullish momentum begins to wane.
“Interestingly, Cardano's momentum fits into the broader context of growing interest in cryptocurrencies amid the market's recovery in recent weeks. That said, pressure from large holders can both support further growth and cause short-term fluctuations,” Santiment experts noted. Market observers are closely watching whether Cardano will be able to hold at these levels or whether the asset is waiting for another wave of correction.