Cardano Network Transactions Rise<\/strong><\/h2>\nCardano has been steadily rising, and expert cryptocurrency trader Ali Martinez pointed out that the cryptocurrency’s consolidation in the middle of November resembled that of the 2018\u20132022 phase. This suggests that Cardano may overcome the $0.45 resistance and reach $0.75 by the end of December.<\/p>\n
Cardano has had a pivotal three months, and what’s to come could be even more so. This is due to the fact that the network has seen numerous transactions totaling more over $100,000. Martinez claims that the spike in transactions indicates a rise in institutional interest in ADA.<\/p>\n
\n#Cardano<\/a> | In the last three months, there’s been a significant increase in $ADA<\/a> transactions over $100,000, reaching new highs consistently.<\/p>\nThis surge points to growing interest in #ADA<\/a> from institutional players and whales, which is usually a precursor to price spikes. pic.twitter.com\/APczM2PGxM<\/a><\/p>\n\u2014 Ali (@ali_charts) December 4, 2023<\/a><\/p><\/blockquote>\nMeanwhile, there’s another interesting development happening of late. According to the most recent data, once Bitcoin broke above the $41,000 mark, there was a bullish rebound that saw the percentage of lucrative Cardano addresses rise to a two-year high<\/a> of 42%, or roughly 1.76 million addresses.<\/p>\n![\"\"](\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-34.png?resize=574%2C200\")
Source: IntoTheBlock<\/pre>\nBased on IntoTheBlock’s examination, this increase in profitability not only represents a transient spike but also highlights ADA’s long-term potential. This encouraging development contributes to the general sentiment among investors by fostering a sense of assurance and faith in cryptocurrencies.<\/p>\n
![](\"https:\/\/www.tradingview.com\/x\/24OnB0Ku\/\")
ADAUSD currently trading at $0.399 territory on the daily chart: TradingView.com<\/a><\/pre>\nWhales’ Influence On ADA’s Price And Sentiment<\/strong><\/h2>\nAnd speaking of\u00a0sentiment, Martinez emphasized the possible influence on the price of ADA while pointing out that whales have also been participating in the recent large-scale transactions on the Cardano network. The expert noted that actions such as these might be essential to a significant rise in the price of ADA.<\/p>\n
![\"\"](\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-35.png?resize=600%2C160\")
<\/p>\n
Source: IntoTheBlock<\/pre>\n
#Cardano<\/a> | In the last three months, there’s been a significant increase in $ADA<\/a> transactions over $100,000, reaching new highs consistently.<\/p>\n This surge points to growing interest in #ADA<\/a> from institutional players and whales, which is usually a precursor to price spikes. pic.twitter.com\/APczM2PGxM<\/a><\/p>\n \u2014 Ali (@ali_charts) December 4, 2023<\/a><\/p><\/blockquote>\n Meanwhile, there’s another interesting development happening of late. According to the most recent data, once Bitcoin broke above the $41,000 mark, there was a bullish rebound that saw the percentage of lucrative Cardano addresses rise to a two-year high<\/a> of 42%, or roughly 1.76 million addresses.<\/p>\n Based on IntoTheBlock’s examination, this increase in profitability not only represents a transient spike but also highlights ADA’s long-term potential. This encouraging development contributes to the general sentiment among investors by fostering a sense of assurance and faith in cryptocurrencies.<\/p>\n And speaking of\u00a0sentiment, Martinez emphasized the possible influence on the price of ADA while pointing out that whales have also been participating in the recent large-scale transactions on the Cardano network. The expert noted that actions such as these might be essential to a significant rise in the price of ADA.<\/p>\nSource: IntoTheBlock<\/pre>\nADAUSD currently trading at $0.399 territory on the daily chart: TradingView.com<\/a><\/pre>\n
Whales’ Influence On ADA’s Price And Sentiment<\/strong><\/h2>\n
<\/p>\nSource: IntoTheBlock<\/pre>\n