The week-long altcoin rally has carried into the weekend, and a handful of leading altcoins have remarkably remained in the green zone. Cardano is one such altcoin, and according to market data, the asset is…
The week-long altcoin rally has carried into the weekend, and a handful of leading altcoins have remarkably remained in the green zone. Cardano is one such altcoin, and according to market data, the asset is poised to extend its bull run into the final quarter of the year.
Increased demand, as evidenced by fresh market data, is one of the few factors positioning ADA for a long-term price surge. According to data from on-chain analytics firm Santiment, whale activity on the Cardano network has surged significantly, with over 137 transactions exceeding $1 million recorded in the last 24 hours.
Notably, increased whale activity often signals strong belief in future price growth. As such, the current uptrend not only reflects growing investor confidence but also opens the pathway for higher capital inflows into the Cardano network.
Additionally, price volatility often precedes increased whale activity, further creating new entry opportunities for active traders.
Furthermore, the SEC’s final decision on the Cardano ADA Spot ETF, filed by Grayscale, is scheduled to be announced by October 22, 2025, at the latest. Should the ETF proposal gain approval, it could serve as a catalyst for a continued price rally, as was the case with leading assets Bitcoin (BTC) and Ethereum (ETH).
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Meanwhile, ADA’s dominance levels are up 27% while ADA/BTC pairs have skyrocketed by 33% since July 1. The metric could be an indicator that ADA is capitalizing on a bullish phase; however, the sustainability of this uptrend depends on the movement pattern of the broader cryptocurrency market.
At report time, ADA is trading 15% higher than it was over the last 7 days, with a price value of $0.82. Over the past month, ADA has generated more than 38% in gains, making it the fourth-largest gainer within the top ten category.
