Cardano (ADA) will soon rally to the $0.50 price region, said a prominent analyst.
Whales have moved 19.5 billion ADA worth $6.48 billion in the past 24 hours.
Cardano will also see the integration of its first gold-backed token, XNK.
ADA, the native token of Ethereum rival Cardano, is on track to rally to $0.50, according to a crypto analyst. This prediction comes as whales have moved a massive 19.5 billion ADA, worth $6.48 billion, in the past 24 hours, potentially signaling increased volatility ahead.
In an X post (formerly Twitter), the analyst stated that a combination of substantial ADA whale movements and the gold tokenization project launched by EMURGO, a blockchain firm focused on Cardano’s adoption, in partnership with Kinka Gold (XNK), will likely drive the ADA price upwards to $0.50.
EMURGO will act as Cardano’s technology partner as the blockchain integrates its first major gold-backed token, XNK, into its ecosystem. XNK is backed by high-quality Japanese gold that meets the highest LBMA standards and is stored in secure, bankruptcy-remote vaults.
Additionally, EMURGO has partnered with Zilliqa, and the two plan to enhance interoperabil…
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