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ADA’s chances of a turnaround coming soon? Know what Cardano whales tell us
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At press time, Cardano’s ADA was trading at $0.7752. Having lost 27.41% of its value in the past seven days, it represented the biggest weekly drop in price amongst the top ten cryptocurrencies.
However, price is only the tip of the iceberg as there are often signals and hints hidden beneath. To that end, here’s what the data had to say about ADA’s chances of a turnaround.
According to Santiment, some whale watching could hold the clue to better estimate ADA’s movements. For starters, Cardano investors with 10,000 to 100,000 ADA have been rising. This is a good sign as sharks seem to have a knack for guessing price rises. However, the blockchain data platform observed that investors holding 100,000 to 1,000,000 ADA have been dumping.
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