Cardano (ADA) is at its 17-Month High: Its Rise Doesn't Stop!

#Cardano (ADA) reached a 17-month high with a 15 percent increase due to the sudden increase in whale activity.

The crypto market became active again after the Fed evening, when bearish expectations increased. Mobility in the market caused altcoins to experience remarkable increases. In particular, BTC, after falling to 40 thousand dollars, made a rise again and rose to 43 thousand dollars.

#BTC-driven rise and Bitcoin spot ETF expectations continue to keep the crypto bull alive. In positive market conditions, the ADA detail attracts attention. ADA broke through an important resistance point at $0.60 and anchored in a critical zone. Whale activity revealed the increasing demand for ADA.

#Cardano (ADA) whale activity has revealed a transaction volume of $1.5 billion in the last 24 hours. Whale activity in ADA paved the way for the 15 percent rise of the popular cryptocurrency.

ADA, which recently surpassed the psychological resistance at $0.60, created a strong price stability. The previous evening, when BTC experienced a 3.5 percent increase, there was a big outflow from ADA.

#ADA was trading at $0.5810 around 15:00 on December 13. With its debut, the popular cryptocurrency rose to $0.6795 at around 03:00 on December 14.

ADA, which made its name among the most rising cryptocurrencies of December, came to the fore when it exceeded 200 EMA (Moving Daily Average) and broke $ 0.50. The cryptocurrency, which made a big debut this month, has increased by nearly 75 percent in the last 14 days.

The rise of ADA also had a positive impact on the Cardano ecosystem. The total locked value (TVL) of all Cardano-based tokens approached $450 million earlier this week. This amount exceeded the $330 million #TVL in April, creating a new peak. Last week, TVLs of lending protocol Indigo and on-chain exchange Minswap in the Cardano ecosystem increased by over 50 percent.
$BTC $ADA