The post Cardano Price Analysis: Experts Predicts ADA Price Breakout Fueled By Whale Accumulation appeared first on Coinpedia Fintech News

One of the top smart contract-based blockchains with more than $177 million in total value locked (TVL), Cardano (ADA), has recorded an exponential rise in on-chain activity YTD. Despite being under the radar of the United States Securities and Exchange Commission (SEC) for failing to comply with the securities act, the Cardano ecosystem has continued to thrive in DeFi protocols and also its stablecoins sector.

As a result, on-chain intelligence platform Santiment has concluded that the Cardano network is poised for greater success based on increased whale adoption. 

Specifically, Santiment highlighted that there are more than 25,294 Cardano wallets with over 100K ADA, the highest since April 2022. The heightened Cardano whale accumulation has happened despite the ADA price dropping approximately 2.3 percent YTD in a macro accumulation.