* Whales are focusing on this currency *
Cryptonews - Whales (large investors) are focusing on the Cardano (Cardano-ADA) currency, could their sudden movements indicate a significant price shift? You will learn the details through our latest price predictions for Cardano.
The price of Cardano (Cardano-ADA) has dropped by about 6% in the last 24 hours, amid a decision to take some profits dominating the market after experiencing strong price increases that lasted for several weeks. On the other hand, the trading volumes of Cardano have increased by nearly 43%, approaching one billion dollars, confirming that the selling wave may gain momentum again.
Additionally, the market has been rattled due to the passage of a new law already within the House of Representatives, called the “One Big Beautiful Bill Act,” which imposes high taxes on American investments held by foreigners and arms the capital markets in the country according to analysts. Consequently, participation by foreign investors in American markets will become more expensive if approved.
However, despite this negative news, it seems that Cardano whales are taking advantage of the recent price drop to buy large quantities of the currency.
