CARDANO (ADA) $0.742483 While the price tends to decline in recent days, the purchase strategies of large investors are remarkable. Whale movements and increasing network activity are interpreted that the price can recover. So, what does these developments mean to island investors?
Intensive purchase strategy of whales
According to the data shared by On-Chain Analyst Ali Martinez, Cardano whales have purchased a total of 130 million islands in the last three days. The total value of these purchases was calculated as approximately 97.5 million dollars. The intense interest of big investors is interpreted as the price may rise again.
Retail investors are also directed to the purchase of island. As small investors’ interest in the market increases, there are significant fluctuations in price movements. Experts, this intense purchase wave of the island price can move from the level of $ 0.70, he says. However, it is emphasized that the market should be cautious as always.
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Network mobility and future expectations
Cardano network, despite the price decline, continues to be mobility. Although there is a decrease in the number of unique wallets (UWT), corporate investments and new collaborations can be a positive signal for the island. Analysts think that the price can reach the level of $ 1.13, which the price has previously tested.
Cardano Foundation CEO Frederik Gregaard announced that the network works with NASA on satellite data and origin follow -up. Such technical developments indicate that Cardano may have wider uses in the future. Innovation in the ecosystem can create long -term confidence for investors.
The development of the island on decentralized practices (DAPPs) also provides an important advantage. Experts say that the network can gradually attract more projects and investors. However, the 22.7 %decrease in the transaction volume creates question marks about the general situation of the market.
Although there are different views on market movements, whale purchases and corporate collaborations give promising signals about the future of Cardano. Investors are recommended to follow the price movements carefully.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
