Happycoin.club - On June 7, the Cardano cryptocurrency (ADA) shows an increase in price and interest from investors, which, apparently, is caused by a noticeable increase in the activity of crypto whales.
The number of transactions over $100,000 on the Cardano network this week more than doubled the normal average seen since the start of 2024.
This development could signal the start of an accumulation period that could push the price of ADA to new heights.
Cardano, Shiba Inu and Jasmy are seeing a surge in activity, each seemingly driven by increased interest from whales.
The number of transactions over $100,000 on each of these networks more than doubled this week's normal 2024 average, signaling accumulation.
According to technical analysis conducted by Changelly experts, the minimum price of Cardano in 2024 is expected to be $0.425, the maximum expected price is $0.491, while the average trading price will be around $0.457.
These forecasts suggest that Cardano has the potential for significant growth in the next year, due to increased whale activity, as well as the development and increasing popularity of the platform.