Cardano could run 50 to 100 times in next bull cycle
According to whalestatsWhales or large holders are accumulating ADA to Cardano as it ranks among the top 10 bought assets for the 1,000 largest BSC whales in the last 24 hours.
Whales are typically known to accumulate during periods of dips or consolidation, as it provides them the opportunity to buy at a discount.
At the time of publication, Cardano is trading at $0.321, down by 2.56% over the past 24-hours. ADA, like every other crypto asset, has performed poorly so far this year. Despite this, the community is confident that Cardano will thrive in the next bull cycle.
The founder of the crypto capital venture, Dan Gambardello, believes Cardano could run 50 to 100 times in the next bull cycle, reaching a price target of $15 in the process.
Community Anticipates Big Announcement
As reported by U.Today, Cardano founder Charles Hoskinson said he will be making a special announcement during the Edinburgh event.
This was a project he said he had been working on for the past four years. The Cardano creator had announced in late October that “something special” was coming in November, without going into further details.
The “Edinburgh event” the Cardano founders may be referring to is “IO Scotfest: The Age of Voltaire,” which is scheduled for November 18-19 and will be streamed live from Edinburgh.
The virtual event, which will celebrate the dawning of a new era for Cardano, will showcase the community’s achievements over the past five years and likewise share its vision for the next era of Cardano’s development.
