According to recent data, Cardano (ADA) whales are on a buying spree amassing over $116M worth of ADA tokens. The question now is has this accumulation affected Cardano’s price? In other news, whales have also shown increased interest in another project called Tradecurve Markets. Tradecurve Markets is currently in stage 5 of its token presale.
Cardano Whales Adds $116M, Is ADA Pumping?
According to information from Santiment, whales holding between 100,000 and 10 million ADA have been on a buying spree since September 2022. Notably, they have acquired more than $116 million ADA since May 21, signifying a significant shift in sentiment towards Cardano.
Currently, Cardano is trading at $0.297468, a 1.85% increase over the last 24 hours. Clearly, Cardano has experienced a decline in recent weeks despite its price surge in mid-July. The coin has been unable to maintain these gains, with the price once again trading below $0.30.
In the case of a bullish run, Cardano would battle the $0.32 resistance. If the token successfully surpasses this obstacle, the next significant resistance level is positioned around $0.35. However, if bearish pressure prevails, Cardano could drop to the key support located around the $0.24 level.
Tradecurve Markets (TCRV) Sees Massive Inflow of Whales in Stage 5
Just like Cardano, whales are also on a rampage buying loads of Tradecurve Markets tokens. The project recently surged 150% to hit $0.025 in stage 5 of its token presale. Interestingly, analysts and investors are still bullish on the project and have forecasted Tradecurve Markets to touch $0.029 soon. Tradecurve Markets has witnessed remarkable adoption within the crypto community ever since its presale began.
Seasoned analysts firmly believe that the token will surge to $0.1 by the end of 2023. Unlike CEXs such as Binance and KuCoin, Tradecurve Markets places a robust emphasis on user privacy. A noteworthy feature of Tradecurve Markets is its capability to facilitate trading across various assets without necessitating personal information through KYC forms.
In addition, the platform boasts not only lower fees but also rapid swift deposits, trade executions, and withdrawals. Aside from its privacy-centric approach, Tradecurve Markets has an array of advanced functionalities for investors. These features include artificial intelligence (AI) powered trading bots, a copy trading option, and high-leverage options starting at an impressive 500:1.
Dive into a world of diversified assets – from US & European equity CFDs, Forex, Indices, Commodities, to Options, ETFs, Bonds, and of course, Cryptocurrencies.
— Tradecurve (@Tradecurveapp) August 2, 2023
The new hybrid exchange platform also introduces an enhanced trading experience through its VIP account system, catering to its esteemed users. Meanwhile, Tradecurve Market’s utility token offers a host of enticing benefits to its holders. Holders can enjoy reduced trading fees and staking rewards.
For more information about the Tradecurve Markets (TCRV) presale:
Buy presale: https://app.tradecurvemarkets.com/sign-up
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Source: null tx