In the wake of a general downturn in the cryptocurrency market, Cardano's price faces pressure. Changes in whale behavior and political risks deepen the decline of ADA.
Reasons for Cardano's Price Decline
The recent drop in ADA's price is linked to whale behavior. Analysis shows that large holders sold off approximately 270 million ADA, worth 226 million dollars, over the past week. This followed a strong price run from June lows of $0.50 to $0.89. When large players begin to sell off, retail investors often follow suit, which is what occurred this time.
Connection Between Ripple and US Banks
At the same time, Ripple is becoming a significant topic in the crypto community, as banks like Bank of America and Santander explore the possibility of using RippleNet for international payments. This creates a bullish trend for XRP, while Cardano occupies a more niche position focused on smart contracts and other projects.
Growth Prospects for Cardano
If Ripple's adoption really takes off, ADA's growth potential will depend on how much of this momentum spills over into the broader market. In a conservative scenario, Cardano's price might see a 20–40% increase, reaching a range of $1.00–$1.20. In a more optimistic case, ADA could climb to between $1.50 and $2.20. However, the current situation continues to weigh on the price.
Amid market uncertainty and actions from large holders, such as the sell-off of ADA, Cardano's price is under pressure. Nonetheless, potential adoption of Ripple by financial institutions may create opportunities for ADA growth in the future.
