Cardano Whales Gather As Community Awaits Big News

Cardano’s ADA is among the top 10 assets purchased in the recent 24 hours by the 1,000 largest BSC whales, according to WhaleStats, which tracks whale and large holder activity.

As they have the chance to purchase at a discount, whales are known to accumulate at times of downturn or consolidation.

ADA was trading at $0.321 at the time of publication, down 2.56% over the previous day. ADA has underperformed thus far this year, just like every other cryptocurrency asset.

In spite of this, the community seems certain that ADA will prosper in the upcoming bull cycle. Dan Gambardello, the company’s founder, predicts that ADA will run 50 to 100 times in the upcoming bull cycle, reaching a price target of $15.

Charles Hoskinson, the founder of Cardano, announced he would make a surprise announcement at the event in Edinburgh. He claimed to have been working on this project for the previous four years.

Without providing any additional information, the Cardano creator had stated in late October that “something special” was coming in November.

“IO Scotfest: The Age of Voltaire,” which is slated for November 18–19 and will be webcast live from Edinburgh, may be the “Edinburgh event” the Cardano founder is referring to.

The virtual celebration celebrating the beginning of a new era for Cardano will highlight the community’s accomplishments over the previous five years and also discuss its vision for the coming period of development.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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