Cardano (ADA) whales are actively purchasing the asset as they expect a price recovery following the recently launched Hydra upgrade.
Analysts expect the price to go as high as $0.6 by the end of the year.
Cardano (ADA) is currently in a bearish mode as a mini pullback hits the entire crypto ecosystem. ADA has lost 5.9 percent of its value in the last 7 days as it records an 87 percent fall from its all-time high of $3. Currently, ADA is trading at $0.369125. Interestingly, investors are anticipating a bull run as they actively buy the dip.
According to reports, whales on the ADA blockchain have added 100 million more of the token to their portfolio over the last seven days. This is a good sign as the last time a Cardano whale holding between 100,000,000 to 1,000,000,000 accumulated more of the asset, it triggered a bull run. The whale activities have been linked to the recently launched Hydra project on its mainnet. According to Input Output Hong Kong (IOHK), Hydra is meant to
