The cryptocurrency market is experiencing notable shifts: Cardano whales have begun buying tokens aggressively, raising predictions of potential price increases. Meanwhile, the new project BlockDAG attracts attention with its innovative approach.
Whale Activity on Cardano
Cardano (ADA) has increased by 4.8% in the last week and is currently trading at $0.7452. During this period, large holders acquired over 240 million ADA worth about $175 million. This active whale movement generates interest, but some experts express skepticism regarding the potential for a 5000% increase to $37. The resistance level remains at $0.86, with support at $0.56.
Why BlockDAG is Gaining Attention
BlockDAG, a new player in the cryptocurrency market, has recently attracted attention due to its presale, which raised over $211.5 million, with a token price of $0.0248. Advantages of BlockDAG include its use of Directed Acyclic Graph (DAG) technology, which allows for faster and cheaper transaction processing compared to traditional blockchains. Additionally, the BlockDAG team has announced support for both Ethereum Virtual Machine (EVM) and WebAssembly (WASM), making it easy for developers to integrate with the platform.
Comparing the Potential of ADA and BlockDAG
While ADA holds a stable market position, the expected 5000% increase seems unlikely for assets of its capitalization. Although some anticipate ADA may reach $0.96, BlockDAG offers investors an early entry price and has already demonstrated its viability on the testnet. Unlike ADA, BlockDAG's growth potential may be more significant due to its innovative technological solutions and active investment in platform development.
Thus, the whale activity on Cardano indicates a temporary resurgence in interest for this asset, but sharp price increases are unlikely. In contrast, BlockDAG shows growth potential due to its innovative technology and the development of a working ecosystem.
