The post Cardano’s 280% November Run vs. This AI Coin’s 500% Surge In 3 Weeks – Which One Wins? appeared on BitcoinEthereumNews.com.

The Cardano price saw an explosive 280% rally in November, reigniting interest in ADA as investors looked for strong altcoin plays. However, a fast-rising AI coin has outpaced it, surging 500% in just three weeks. While the Cardano price gains are driven by ecosystem expansion and institutional adoption, this AI-powered project is leveraging automation, real-time analytics, and next-gen blockchain efficiency. With momentum building, analysts are debating whether ADA can keep up or if this new contender is set to dominate in 2025. Cardano Price Gears Up for a Breakout as Institutional Accumulation Increases According to Santiment, large holders of Cardano (ADA)—wallets containing at least one million ADA tokens—have been steadily increasing their holdings since November 2023. These wallets have added another 1.4 billion ADA tokens worth roughly $1 billion during the last fifteen months. This accumulation amounts to 2% of the overall supply and signals improved confidence among high-net-worth and institutional investors. The steady increase in ADA holdings suggests that institutional players see Cardano as a long-term asset despite the volatile broader crypto market. Grayscale’s ETF filing fuels speculation about a possible Cardano ETF additional institutional interest in Cardano. This, along with the continuing whale accumulation by the network, fuels bullish sentiment around the Cardano price. On the technical side, the Cardano price hasn’t pushed above key resistance near $1.10 since mid-November 2024 and has experienced a short-term correction. However, the Cardano price is testing a falling wedge pattern, which ordinarily indicates bullish breakouts. Cardano price movements have recently recovered above a key support range between $0.68 and $0.76. Consequently, ADA’s price recovered almost 15% from its recent lows, and it is approaching an overhead resistance trendline. Cardano trades at $0.80, up 3% over the last twenty-four hours. Source: CoinMarketCap The immediate resistance for the Cardano price is $0.85, the…

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Filed under: News - @ February 17, 2025 7:18 am