Cardano Price Drops, Whale Crypto Starts Nyerok Coin ADA

JAKARTA - The price of Cardano (ADA) has recorded positive achievements in the past week, but now Bitcoin cs is starting to decline so that it has an impact on altcoins including ADA. Despite a decrease of 12.46% in the last 24 hours, ADA prices are still trading above 1 US dollar per coin amid a downward trend in the crypto market.

The decline in the value of ADA coins seems to have attracted the attention of investors, especially whales, as big investors have had a significant impact on crypto prices.

In the last 24 hours, Cardano's whale activity has increased significantly. According to Ali Martinez's report, a well-known on-chain analyst, whales bought more than 100 million ADA, which is equivalent to around 122 million US dollars (Rp1.95 trillion).

This big action shows their confidence in ADA's long-term prospects despite price declines in the short term. Whales are usually involved in major transactions to take advantage of potential future price increases, or to accumulate assets before price spikes occur.

A number of analysts predict that ADA could reach a price of 2 US dollars (Rp. 32,000) in the near future, given the positive sentiment that has covered the crypto market in recent days. However, this projection still relies heavily on wider market conditions and the movement of Bitcoin as the dominant asset in the market.