Whales accumulating
The recent data have shown that crypto whales have accumulated ADA in the last week, and the holdings of the whales have grown from 26 billion ADA to over 42 billion ADA. That shows that the momentum for an outbreak is strong. And Cardano is still a long way from its all time high of 3.101 USD.
There is also a strong correlation between ADA and BTC in price movements, with a correlation coefficient of 0,94. This means that we can almost certainly see Cardano grow together with Bitcoin.
Huge developments
Cardano is also a layer 1 token with a lot development and great improvements in the network, which make it more and more appealing for developers to build on the chain.
Especially because it is still quite cheap compared to Ethereum or Solana.
This all put together sets a target price of 10 USD for 1 ADA as very realistic in the near future.
I have added some extra ADA to my portfolio!
Sincerely,
Pele23
Posted Using InLeo Alpha
Personally I don’t believe in a $10 ADA and sold my stack a few weeks ago.
That's right we're seeing Dominance coming down and that's good news for altcoins so they're pumping so this coin could go to $10.