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November 21, 2024

Cardano Surge: ADA Hits 0.80 Due to Whale Investments

Cardano has reached a significant milestone as its price hits 0.80. This surge marks its highest level since May 2022. The driving force behind this rise is a remarkable 297% uptick in large transaction volume. Additionally, the futures open interest has reached a record of 735 million. This increase in whale activity indicates that large investors are significantly impacting the network. The current market demand and investor confidence have propelled Cardano’s price to this exciting new peak. It is evident that Cardano is attracting serious attention from big players, which bodes well for its future price movements.

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