🐋 Cardano (ADA) Price Surges Amid Whale Activity
Cardano (ADA) has gained over 12% today, extending its rally to $0.83. Over the past week, ADA has climbed nearly 54%, becoming one of the top-performing altcoins. This surge coincides with a 145% increase in whale accumulation, as wallets holding over $10M in ADA have significantly expanded their positions.
📈 DeFi Growth Boosts ADA Momentum
Cardano’s Total Value Locked (TVL) has reached $479.8M, nearing its all-time high. The network has seen increased activity across DEXes, lending platforms, and other DeFi protocols, signaling expanding adoption of Cardano’s ecosystem. This uptick in DeFi activity and bullish on-chain metrics supports further ADA price growth.
🚀 ADA Heading for a Mega Rally?
Blockchain analytics firm Santiment reports ADA is decoupling from other altcoins, with its price nearing an 8-month high. The ADA/BTC ratio is also at an 8-month peak, reflecting growing strength against Bitcoin. Crypto analyst Ali Martinez predicts ADA could follow its 2020 bull run pattern, potentially rallying 2000% to hit $6 by September 2025.
🤝 Potential Collaborations Ahead
Cardano founder Charles Hoskinson recently engaged with Ripple CTO David Schwartz on technical discussions, sparking excitement about collaborations between Cardano’s Midnight privacy blockchain and Ripple’s XRP. This partnership could further strengthen Cardano’s ecosystem and adoption.
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