{"id":70058,"date":"2025-05-29T09:01:05","date_gmt":"2025-05-29T09:01:05","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=70058"},"modified":"2025-05-29T09:01:05","modified_gmt":"2025-05-29T09:01:05","slug":"cardano-news-can-these-2-factors-fuel-a-10-ada","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=70058","title":{"rendered":"Cardano News: Can These 2 Factors Fuel a $10 ADA?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

After sitting on the sidelines for a few weeks, Cardano whales have gone on an accumulation spree, purchasing over 180,000,000 ADA within the past seven-day period.
\nThe team behind the layer-1 blockchain announced a big integration yesterday of Bitcoin Ordinals, which, according to analysts, could also fuel a substantial price reversal.<\/p>\n

Whales Start Buying Again<\/h2>\n

As the largest market participants, especially for cryptocurrencies that lack ETFs or other funds allowing institutional exposure through regulated financial vehicles, whales\u2019 actions are particularly significant for altcoins\u2019 price movements.<\/p>\n

ADA\u2019s price is also highly susceptible to whether they buy or sell in massive quantities, as evident in late February when they were disposing<\/a> of their assets, and the asset plunged.<\/p>\n

However, data shared by Ali Martinez showcases a more promising current picture as they have accumulated over 180,000,000 ADA in the past week alone. In terms of USD value, this stash is equivalent to $135 million at today\u2019s prices. The picture below indicates that whales\u2019 holdings have surpassed 13 billion ADA, which is more than a third of the entire available token supply (35.33 billion, according to CoinMarketCap).<\/p>\n

Whales have bought over 180 million #Cardano<\/a> $ADA<\/a> in just the past week! pic.twitter.com\/hOmii47pKo<\/a><\/p>\n

\u2014 Ali (@ali_charts) May 29, 2025<\/a><\/p>\n\n

Bitcoin Ordinals Integration<\/h2>\n

Aside from whales filling their bags, which is considered a highly bullish development, another factor that could reverse ADA\u2019s price trajectory is the growth and development of the network behind the token.<\/p>\n

IOG announced<\/a> such a big move yesterday, as Bitcoin Ordinals can now be wrapped and bridged to the Cardano blockchain via Fairgate\u2019s BitVMX framework.<\/p>\n

According to the statement, this marks a \u201csignificant advancement in decentralized finance, enabling seamless interaction between two of the most prominent blockchain systems.\u201d<\/p>\n

\u201cThe future of DeFi is cross-chain, and BitVMX exemplifies how Bitcoin can be a foundational layer in this evolution,\u201d said Charles Hoskinson, CEO of IO. \u201cBy combining Cardano\u2019s flexibility with Bitcoin\u2019s security, we open the door to entirely new financial instruments and services.\u201d<\/p>\n

Dan Gambardello, a popular YouTuber and X content creator, praised<\/a> the move and highlighted that it is a part of the ingredients for a potential ADA price surge to $10.<\/p>\n

The post Cardano News: Can These 2 Factors Fuel a $10 ADA?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR After sitting on the sidelines for a few weeks, Cardano whales have gone on an accumulation spree, purchasing over 180,000,000 ADA within the past seven-day period. The team behind the layer-1 blockchain announced a big integration yesterday of Bitcoin Ordinals, which, according to analysts, could also fuel a substantial price reversal. Whales Start Buying […]<\/p>\n","protected":false},"author":0,"featured_media":70059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70058"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70058"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70059"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}