Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Trump Sons Say Bitcoin Will Hit $175K But What Role Did Saylor Play?
    NewsBitcoinCrypto

    Trump Sons Say Bitcoin Will Hit $175K But What Role Did Saylor Play?

    At the 2025 Bitcoin Conference in Las Vegas, Donald Trump Jr. and…

    By
    Jane Omada Apeh
    May 29, 2025
    Eric Adams Just Declared War on BitLicense Why Crypto Giants Are Cheering
    NewsCrypto
    Eric Adams Just Declared War on BitLicense Why Crypto Giants Are Cheering
    May 29, 2025
    Trump’s Tariffs Ruled Illegal
    NewsCryptoMarket
    BREAKING: Trump’s Tariffs Ruled Illegal, Arthur Hayes Reacts with Bold Call
    May 29, 2025
    Controversial Exit: Musk’s Frustrating Time in DOGE Revealed
    NewsCrypto
    Controversial Exit: Musk’s Frustrating Time in DOGE Revealed
    May 29, 2025
    image 281
    CryptoMarketNewsSponsored Article
    Too Late for Dogwifhat? This Presale’s Still at $0.00001458—and Aiming for a 3541% Run
    May 29, 2025
  • Cryptocurrency
    Trump Sons Say Bitcoin Will Hit $175K But What Role Did Saylor Play?
    Trump Sons Say Bitcoin Will Hit $175K But What Role Did Saylor Play?
    6 Min Read
    Eric Adams Just Declared War on BitLicense Why Crypto Giants Are Cheering
    Eric Adams Just Declared War on BitLicense Why Crypto Giants Are Cheering
    6 Min Read
    Trump’s Tariffs Ruled Illegal
    BREAKING: Trump’s Tariffs Ruled Illegal, Arthur Hayes Reacts with Bold Call
    6 Min Read
    Controversial Exit: Musk’s Frustrating Time in DOGE Revealed
    Controversial Exit: Musk’s Frustrating Time in DOGE Revealed
    8 Min Read
    image 281
    Too Late for Dogwifhat? This Presale’s Still at $0.00001458—and Aiming for a 3541% Run
    9 Min Read
    image 277
    PEPE Price Prediction 2025: Can Pepe Coin 3x? While Troller Cat’s 35x Presale Steals the Spotlight
    9 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: This Altcoin is Witnessing Rapid Changes: Whales Among the Big Winners!
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > This Altcoin is Witnessing Rapid Changes: Whales Among the Big Winners!
News

This Altcoin is Witnessing Rapid Changes: Whales Among the Big Winners!

ADA whales in the Cardano ecosystem. The central focus is the Cardano ADA logo glowing brightly surrounded by
Alessia Moretti
Last updated: October 19, 2024 10:21 am
By
Alessia Moretti
Published October 19, 2024
3 Min Read
Share

The Cardano ecosystem is currently undergoing rapid changes, with ADA whales emerging as some of the biggest winners. The official Cardano Summit has kicked off in Buenos Aires, Argentina, with many eagerly anticipating new developments within the ecosystem.

Contents
The Rise of ADA WhalesThe Impact of the Cardano Summit in Argentina

The Rise of ADA Whales

According to data from crypto analytics platform IntoTheBlock (ITB), the number of large transactions on the Cardano network has surged by over 10% within 24 hours. During this period, approximately $6.54 billion worth of Cardano was moved.

ITB defines ADA whales as entities that transact with at least $100,000 worth of Cardano. In the last 24 hours alone, around 3,670 of these whale-sized transactions were recorded on-chain. This number has fluctuated between 2,220 and 4,150 over the past week, highlighting the increasing activity and engagement from large players in the ecosystem.

highlighting the influence of ADA whales in the Cardano ecosystem. The Cardano ADA logo is at the center surrounded by gl

The Impact of the Cardano Summit in Argentina

The Cardano Summit in Argentina has drawn significant attention, particularly with a notable appearance from President Javier Milei. Known for his pro-Bitcoin stance, Milei’s presence at the summit emphasizes the growing importance of Cardano on the global stage.

The summit is taking place during a pivotal time for Cardano, as the Voltaire era and the Chang hard fork are pushing the project further towards decentralized governance. Many view Cardano as a leading competitor to Ethereum in terms of decentralization, which continues to fuel positive sentiment among ADA whales.

One senior market analyst noted that “Cardano’s price has likely bottomed out,” signaling potential bullish momentum for the altcoin.

According to CoinMarketCap, ADA’s market price stands at $0.3501, marking a 1.98% increase over the last 24 hours. However, total trading volume dropped by 29%, falling to $211 million. Despite this discrepancy between whale activity and overall market sentiment, some analysts remain optimistic that Cardano could reach new highs in the future.

The summit’s insights have provided a clearer picture of the dynamic nature of the Cardano ecosystem and the influential role of ADA whales. These developments offer valuable indicators for investors while also showcasing Cardano’s progress toward its decentralization goals.

Cardano, ADA whales, IntoTheBlock, Cardano Summit, decentralization

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Arthur Breitman Bets Big on Tokenized Uranium: Tezos Eyes a Nuclear Comeback

Web3 Boom Set to Eclipse the Dot-Com Era

Did You Miss Floki Inu’s Explosive Rise? Here’s Your Second Chance with Arctic Pablo Coin!

Best Cryptos to Buy in November 2024: Qubetics on Fire with 1000x Potential, Near Protocol Finds New Partner, Binance CZ Holds Key Meetings

Breaking News: Key Data Released—What’s Next for the Fed and Crypto?

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByAlessia Moretti
Alessia Moretti is a blockchain and cryptocurrency analyst with 7 years of experience in the field. With a strong foundation in economics and a passion for technology, Alessia has been involved in a variety of international blockchain projects, focusing on the development of decentralized applications and financial products. Her work is characterized by a deep understanding of both the technical and economic aspects of blockchain technology. At DT NEWS, Alessia provides readers with in-depth analysis of global blockchain trends and market movements, helping them stay informed about the future of digital finance.
Previous Article Bitcoin reaching a peak. The Bitcoin logo is at the top of a mountain glowing brightly with upward arrows pointing towa When Will Bitcoin Reach a New All-Time High? Key Data Insights!
Next Article the ongoing Ripple vs. SEC legal battle. The image features the Ripple XRP logo on one side and the SEC logo on the other Ripple vs. SEC: Will This Legal Battle Continue Into 2025?
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)