Whales are buying ADA, can Cardano price hit $2?

Whales are currently actively buying ADA, with a total of more than 130 million ADA purchased recently. This could further boost Cardano price, which is currently hovering around $1.07. If this bullish momentum continues and liquidity is maintained, the short-term target could be as high as $1.25, or even $2 under favorable future conditions.

However, it should be noted that ADA price is also under pressure from the downtrend and signs of net inflow from large holders suggest that there may be selling pressure. The number of ADA holders has decreased slightly recently, which could negatively affect the price in the short term.

The exact prediction of Cardano price hitting $2 depends on many factors such as market sentiment, Cardano ecosystem development, and especially whale movements. Additionally, any positive news about increased crypto-friendly regulations could also improve the chances of the price hitting this level.