• A combination of increasing whale transactions and retail FOMO is responsible for Cardano’s latest 25% spike, indicating continuing momentum.
• ADA’s price rise to $0.43 reflects heightened network activity, with over 37,000 active addresses contributing to its growth.
• Institutional investors are fueling ADA’s surge, with 697 large transactions signaling strong market confidence in Cardano.

In three days, Cardano (ADA) increased by 25%, surpassing the $0.43 barrier and hitting levels not seen since July. Increased market activity, which includes participation from both whale transactions and ordinary investors, is what caused this jump. This shows that retail investors may be experiencing fear of missing out, which may accelerate the trend. 

Rising Network Activity Fuels ADA’s Momentum

According to Santiment, network and whale transactions have significantly spiked, contributing to the recent price increase. On November 7, ADA saw 37,892 unique active addresses complete transfers in a single day. 

This marked the highest level of engagement since the market’s low in September. Such a surge reflects the growing interest from both individual investors and larger holders. These figures suggest a broadening participation, which is key to sustaining Cardano’s upward momentum.

Besides unique addresses, whale activity has also surged. A total of 697 transactions valued at $100,000 or more were recorded, mirroring activity levels last observed during the September market bottom. This sharp increase in large transactions indicates that institutional investors are actively participating in ADA’s rise, further strengthening the bullish trend.

Price Breakout and Investor Confidence

The chart’s structure reveals consistent intervals of trading activity, with notable spikes during October. ADA’s price fluctuated between $0.31 and $0.39 for most of the month, but by early November, a breakout above these levels signaled growing investor confidence. This upward movement aligns with increased whale and retail involvement.

Moreover, the intersection of large transactions and active addresses during this period suggests that stakeholders and smaller investors alike are driving ADA’s growth. The combination of these metrics highlights a period of intensified network activity, which has likely contributed to the altcoin’s recent price surge.

The post ADA Breaks $0.43 with Surge in Network Activity and Whale Transactions appeared first on Crypto News Land.

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