Friday, August 1, 2025
cryptonews100
No Result
View All Result
CryptoNews100
No Result
View All Result
Home Alt Coins Cardano

Cardano Price Prediction: Whales Buy Ahead of NIGHT Airdrop

cryptonews100_tggfrn by cryptonews100_tggfrn
July 12, 2025
in Cardano
0
Cardano Price Prediction: Whales Buy Ahead of NIGHT Airdrop
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
Sign up an get up to $1000 USDT!


Cardano value pumped this week, reaching its highest level since Might 28, because the crypto market surged, and as merchants waited for the upcoming NIGHT airdrop. ADA token jumped to a excessive of $0.75, its highest level since Might 28 this 12 months. 

Whales are Shopping for ADA Tokens

Cardano value pumped primarily as a result of of the continued crypto market surge that pushed Bitcoin above $118,000 for the primary time ever. Such strikes at all times set off extra positive factors amongst altcoins. 

It additionally occurred as whales continued accumulating Cardano tokens. Santiment information exhibits that holders of between 10 million and 100 million ADA cash elevated their holdings to 13.18 billion, up from the year-to-date low of 11.9 billion. Which means that they’ve purchased over 1.28 billion cash value over $900 million. 

Extra information exhibits that the every day lively addresses on Cardano skyrocketed as the value surged. There have been 38.6k addresses, the best stage since Might twenty third this 12 months.

ADA whales accumulation and active addresses
ADA whales accumulation and lively addresses | Supply: Santiment

A possible motive why whales are busy accumulating Cardano is the upcoming Glacier airdrop, wherein holders will obtain model new NIGHT tokens ranging from subsequent week. 

READ MORE: XRP Price Prediction: Targets $6.2 as Ripple Tailwinds Rise

NIGHT would be the governance token for Midnight, the brand new privacy-focused sidechain. Midnight will use a expertise often known as zero-knowledge, which ensures enough privateness of transactions. 

Cardano’s crew hopes that Midnight will appeal to extra customers to the community as it really works in the direction of Bitcoin integration. For instance, since Bitcoin transactions are public at the moment, these made inside Midnight is not going to be straightforward to trace. 

Nonetheless, the principle problem that may face Midnight is that Cardano’s community has struggled to draw builders and customers. 

Whales are additionally shopping for Cardano as a result of of the rising hopes that the SEC will approve spot ADA ETFs, a transfer that may result in extra inflows from Wall Avenue buyers. 

Cardano Price Technical Evaluation

cardano price
ADA value chart | Supply: TradingView

Technically, Cardano value pumped as a result of it shaped the extremely bullish double-bottom sample at $0.5147. A double backside is one of the commonest bullish reversal patterns. 

Cardano has moved above the 50-day and 200-day shifting averages as bulls strategy the double-bottom’s neckline at $0.8630. Oscillators just like the Relative Power Index (RSI) and the MACD have all continued rising. 

Subsequently, ADA value will probably hold rising as bulls goal the neckline at $0.8630, its highest stage on Might 12. Extra upside will solely be confirmed if the Cardano value crosses that resistance stage.

READ MORE: Solana Price Analysis as the Staking SOL ETF Assets Surges



Source link

Related articles

Cardano (ADA) Price Prediction for May 20

Cardano (ADA) Price Prediction for August 2

August 1, 2025
Cardano price shows more signs of weakness – Analysis

Cardano price shows more signs of weakness – Analysis

August 1, 2025
Tags: AheadairdropBuyCardanonightpredictionpriceWhales
Share76Tweet47
Drive and walk to earn crypto!

Related Posts

Cardano (ADA) Price Prediction for May 20

Cardano (ADA) Price Prediction for August 2

by cryptonews100_tggfrn
August 1, 2025
0

Cardano value has entered a important section because it trades on the apex of a long-term symmetrical triangle, with rising...

Cardano price shows more signs of weakness – Analysis

Cardano price shows more signs of weakness – Analysis

by cryptonews100_tggfrn
August 1, 2025
0

Oklo (OKLO) inventory resumed its rise in latest intraday buying and selling, after efficiently relieving half of its clearly overbought...

How BlockchainFX, Chainlink, And Cardano Deliver Top-Tier Staking Rewards

How BlockchainFX, Chainlink, And Cardano Deliver Top-Tier Staking Rewards

by cryptonews100_tggfrn
August 1, 2025
0

Throughout the world of digital finance the idea of passive revenue has gained traction amongst traders looking for secure and...

Can ADA Hit $4 Before ETF Decision in October?

Can ADA Hit $4 Before ETF Decision in October?

by cryptonews100_tggfrn
July 31, 2025
0

Altcoin AnalysisCardano (ADA) is catching recent bullish momentum, pushed by a mixture of technical breakouts, whale accumulation, and rising optimism...

Cardano Registers 977% Liquidation Imbalance Amid Price Rebound

Cardano Registers 977% Liquidation Imbalance Amid Price Rebound

by cryptonews100_tggfrn
July 31, 2025
0

The crypto market has skilled liquidations that amounted to $422.9 million from 136,253 merchants over the previous 24 hours. Cardano (ADA)...

Load More

Crypto Fear & Greed Index

Latest Crypto Fear & Greed Index

Recent News

SEC Issues Guidance For Cryptocurrency ETPs – Fin Tech

SEC Issues Guidance For Cryptocurrency ETPs – Fin Tech

August 1, 2025
Spot Ether ETFs Record $5.43B Inflows in July 2025

Spot Ether ETFs Record $5.43B Inflows in July 2025

August 1, 2025
Bitcoin Price Pressures Remain as US Nonfarm Payrolls Miss the Mark

Bitcoin Price Pressures Remain as US Nonfarm Payrolls Miss the Mark

August 1, 2025

Categories

  • Bitcoin
  • Cardano
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Elon Musk
  • Ethereum
  • Exchanges
  • Litecoin
  • Pokadot
  • Polygon
  • Real World Assets
  • Shiba Inu
  • Solana
  • sui
  • World Liberty Financial
  • XRP

Download the official CryptoNews100 Android App! Click the button below:

Tags

ADA (163) Bitcoin (645) BlockDAG (116) BTC (179) bullish (112) Buy (206) Cardano (273) ChainLink (209) crypto (749) Cryptocurrency (272) Detail (105) DOGE (129) Dogecoin (260) ETF (158) ETH (190) Ethereum (387) flash (106) gains (94) hits (98) Inu (203) key (96) launches (113) Link (104) market (207) million (109) News (364) Polkadot (132) POLYGON (136) prediction (117) Presale (102) price (571) rally (144) RWA (133) SHIB (120) Shiba (210) SOL (123) Solana (335) Sui (220) Surge (121) Surges (110) token (108) top (173) TradingView (111) Trump (155) XRP (470)

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Alt Coins
    • Cardano
    • Dogecoin
    • Litecoin
    • Pokadot
    • Polygon
    • Shiba Inu
    • Solana
    • XRP
  • Crypto Related DEALS

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.