The biggest Binance whales continue to buy Cardano (ADA). Meanwhile, the Cardano community remains optimistic about ADA price action.
Binance whales helped Cardano (ADA) rally
Cardano (ADA), which is currently among the top 10 purchased tokens in terms of trading volume among the top 2,000 BSC whales, has become a favorite of whales. However, the price of ADA has risen slightly over the past 24 hours to $0.469.
Cardano founder Charles Hoskinson claims that “macro factor dominance” is the reason why the current acquisition by large investors has not yet resulted in major price increases for ADA. According to Hoskinson:
Cardano has never been stronger, and frankly, many other projects are robust across the industry, but you don’t see that reflected – it’s just a sea of red. Macro factors always win.
cryptocoin.comAs you follow, Cardano founder Charles Hoskinson claimed that cryptocurrencies have entered a bear market and when asked about the poor performance of the native ADA coin, no explanation would change the situation.
The Cardano community is more optimistic than ever
The Cardano community is optimistic about the price action, with Vasil mainnet about two weeks into its launch, and many have made predictions for ADA’s long-term pricing. A Cardano pool operator named Andrew Westberg said, “After speaking with the IOG engineers, I feel positive about the future of Cardano. Everything is moving in the right direction. First class team. Open to feedback. Ready for Vasil and beyond.” Carolin Taling also said, “There are some nearsighted people who think ADA will never reach $10. Follow us Cardano,” he wrote.
According to IOG, four additional exchanges (BKEX, Bitkub, Litebit.eu and BitMart) have signaled their readiness for the Vasil update.
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