Cardano Price Poised for Breakout to $12 as Whales Accumulate 420M ADA Following Trump’s Crypto Reserve Plans
Key Highlights:
- Analysts anticipate a potential rally to $12 if Cardano maintains bullish momentum.
- ADA whales have accumulated 420 million tokens since Donald Trump’s US Crypto Reserve announcement.
- Cardano’s price surged nearly 20% today, reflecting strong market confidence.
Cardano has captured investor attention with a near 20% price surge, approaching the $1 mark. This rally comes amid significant buying activity by ADA whales, particularly following Donald Trump’s announcement of plans to include altcoins like XRP, ADA, and SOL in the US Reserve Asset list. Experts remain optimistic about ADA’s long-term trajectory, with projections of a climb to $12.
Why is Cardano Price Surging?
1. Crypto Market Rally:
The broader cryptocurrency market is experiencing strong bullish momentum. The global market cap has risen 5% to $2.92 trillion, with Bitcoin, Ethereum, XRP, and SOL gaining 7-10%. Among major altcoins, ADA has led as the top percentage gainer.
2. Cardano ETF Speculation:
Speculation surrounding a potential Cardano ETF has further fueled positive sentiment. The US SEC’s acknowledgment of Grayscale’s ADA ETF filing has sparked discussions about its approval, which could drive ADA’s price to new highs.
3. Increased Network Activity:
A report highlighted a significant uptick in ADA whale transactions, marking the highest activity in over three months. This has led to a notable increase in $100,000+ transfers and a drop in the average age of ADA tokens in wallets, suggesting renewed circulation and contributing to the price rally.
ADA Whale Accumulation Signals Confidence
Market analyst Ali Martinez pointed out a surge in whale activity, noting that ADA whales have accumulated 420 million tokens since Trump’s crypto reserve announcement. This growing participation from large investors suggests increasing confidence in ADA’s future price appreciation.
Can Cardano Reach $12?
With Cardano’s recent price breakout, multiple analysts have provided bullish forecasts. Ali Martinez suggests ADA could hit $2.20 in the short term if it maintains support above $1.19. Meanwhile, analysts Gert van Lagen and Lord Durden predict ADA could reach $12, with an even more optimistic scenario suggesting a potential surge to $40.
As ADA continues gaining traction, investors are closely watching for further market movements, with many believing that a sustained bullish trend could propel the cryptocurrency toward the $12 target.
