* Whales are focusing on this currency *
Cryptonews - Whales (large investors) are focusing on Cardano (Cardano-ADA), could their sudden movements indicate a major price shift? You will find out the details through our latest price predictions for Cardano.
The price of Cardano (Cardano-ADA) has decreased by about 6% in the last 24 hours, amid the dominance of profit-taking decisions in the market after strong price increases that lasted for several weeks. On the other hand, Cardano's trading volumes have increased by nearly 43% and are close to reaching one billion dollars, confirming that the selling wave may gain momentum again.
Additionally, the market was struck with panic due to the passage of a new law already within the House of Representatives, called the “One Big Beautiful Bill Act,” which imposes high taxes on American investments held by foreigners and arms the capital markets in the country according to analysts. Therefore, participation by foreign investors in American markets will become more expensive if approved.
However, despite this negative news, it seems that Cardano whales are taking advantage of the recent price drop to buy large amounts of the currency.
$ADA #ADA
Cryptonews - Whales (large investors) are focusing on Cardano (Cardano-ADA), could their sudden movements indicate a major price shift? You will find out the details through our latest price predictions for Cardano.
The price of Cardano (Cardano-ADA) has decreased by about 6% in the last 24 hours, amid the dominance of profit-taking decisions in the market after strong price increases that lasted for several weeks. On the other hand, Cardano's trading volumes have increased by nearly 43% and are close to reaching one billion dollars, confirming that the selling wave may gain momentum again.
Additionally, the market was struck with panic due to the passage of a new law already within the House of Representatives, called the “One Big Beautiful Bill Act,” which imposes high taxes on American investments held by foreigners and arms the capital markets in the country according to analysts. Therefore, participation by foreign investors in American markets will become more expensive if approved.
However, despite this negative news, it seems that Cardano whales are taking advantage of the recent price drop to buy large amounts of the currency.
$ADA #ADA