Cardano Reclaims Top 15 Spot Amidst Whale Accumulation
Cardano's price has been on an upward trend, reclaiming its spot in the top 15 cryptocurrencies by market capitalization as large holders accumulated over 30 million ADA. This buying spree bumped up Cardano's prediction and pushed its price to around $0.165.
The accumulation of ADA is notable, with Santiment data suggesting it was part of a steady buying trend rather than a one-off trade. Large wallet ADA holdings increased to 5.69 billion over seven days, while wallets holding between 100,000 and 100 million ADA reached a combined 25.6 billion ADA, marking the highest balance in roughly three and a half years.
Charles Hoskinson remains bullish on Cardano's prospects, reiterating his belief that it could return to the top 10 before the year's end. To achieve this goal, Cardano would need to overtake Dogecoin by market capitalization, which requires a substantial rally from current levels.