In this post. The Cardano exchange rate is up 76% in just five days.
whale activity has also increased, with large holders making more than $11.5 billion worth of transactions on the #Cardano network.
Charles Hoskinson said he would create a new office to gain bipartisan support from #cryptocurrency regulators.
Cardano's price has soared 76% in just five days following the increase in whale activity. The #token has moved away from resistance at $0.40 and is currently trading at $BTC After three months of stagnation, Cardano's #ADA is on the rise, and increased investor activity has caused a bullish price surge. Over the past five days, the price of the token has risen by 76%, pushing back from the long-standing resistance at $BTC the "whales" of the network have shown particular interest in the token: over the past five days they have traded more than $ 11.5 billion, which is the highest level since May. The increased activity of "whales" indicates a fairly strong revival of confidence in tokens, which, if sustained, could further raise the price of Cardano.
However, the token is in the overbought zone of RSI, indicating the possibility of a decline in price and profit taking; according to Coinglass, ADA is trading at $0.6103, which represents a 38 percent increase in just 24 hours and an 82 percent increase over the past seven days. Open Interest (OI) trading volume totaled $371.21 million, the highest since June and up about 63 percent in 24 hours; ADA trading volume increased more than 355 percent in 24 hours to $3.97 billion.
After Cardano founder Charles Hoskinson spoke live on YouTube, controversy arose over his involvement with the Trump administration. This speculation contributed to the fact that Cardano rose in price by more than 35% during the day.
However, Charles Hoskinson only stated that he would open an office in Washington, D. C.
Read us at: Compass Investments
