Krutika Adani
Whales have increased their holdings in ADA and now control 6.71% of the token supply.
There has been an increase in TVL as well as daily trading volume.
Currently, ADA trades below $0.50, but a price breakout is expected once it crosses $0.52.
If such bullish trends and adoption continue, ADA might break $1 within 2024.
However, a decline in daily active addresses poses a challenge.