Despite the chart not looking great compared to others, on-chain data is more optimistic, particularly as it reveals an uptick in the number of “whales” transacting on the Cardano blockchain. Specifically, the number of ADA transactions that exceed $100,000 on the Cardano network is on the rise. 🐋 This trend indicates institutional investors' and ADA whales' increasing engagement, shedding light on their investment strategies.
At the same time, a MASSIVE Cup and Handle shows potential for 14$ ADA by end of 2025.