In recent days, most of the major cryptocurrencies by market capitalization are showing positive results. Some stand out with double-digit increases, such as Cardano (ADA), whose price is rising strongly. Among enthusiasts, expectations are growing that it will soon reach the $1 per unit barrier.
Several factors explain the surge of the ADA token. Among them is the general market context, which has reactivated optimism and risk appetite among investors. As a consequence, large portfolios - the so-called whales - have begun to position themselves to take advantage of the current flow of retail capital.