Cardano (ADA) is seeing renewed bullish momentum with whales heavily accumulating the token in recent days, sparking speculation about a potential price reversal to $10 or higher. 📈
Whales have bought over 180 million ADA in the past week alone, representing an impressive amount of capital. This buying spree follows a previous period of selling by these large holders, which significantly impacted the price. The fact that these whales are accumulating again suggests a bullish sentiment is gaining traction.
Adding to this optimism is the integration of Bitcoin Ordinals onto the Cardano network via BitVMX, announced yesterday by IOG. This major development enables seamless interaction between the two leading blockchain systems and could unlock a new era of decentralized finance (DeFi).
As highlighted by analysts and prominent figures like Dan Gambardello on YouTube, this integration could significantly fuel ADA’s price trajectory, potentially driving it towards a $10 target. 💰