In early December, large investors bought 120 million Cardano (ADA) worth about $144 million, which analysts say indicates that Altcoyin may increase in value in the future.
According to Santiment, between December 3 and 6, large investor wallets increased their holdings from 3,15 billion to 3,27 billion ADA. Crypto analyst Ali Martinez reported that the bulk of the 100 million token accumulation occurred on Wednesday, December 4.
Cardano also showed a record increase in the total network value locked ( T ), which is another factor that could influence the token’s further rally.
At the time of writing the article T Cardano reached $735,7 million, which is higher than last year's low of $200 million. The previous record of $494 million was set in March 2024.
Ali Martinez predicts that Altcoyin could grow by 30% in the short term, as indicated by the bullish triangle formed on the chart Cardano .
ADA is currently trading at $1,15, up 17,8% week-over-week.
