TL:DR;
- Cardano’s native token continues to see a lot of demand from whales, with another massive accumulation over the past day or so.
- These big purchases could lead to price increases for the underlying asset, which is predicted to continue its run and hit $1.5 next.
ADA’s Current Run
The so-called ‘Trump Pump’ initially missed ADA. While the rest of the market, led by BTC and DOGE, was charting massive gains, Cardano’s token remained relatively still at around $0.3. That all changed during the first weekend after the elections when IOG Founder Charles Hoskinson said he would work alongside the Trump administration to establish crypto regulations in the States.
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