Remarkable growth of Cardano: Cardano (ADA) experienced impressive growth in November with a 211% price increase over the past 30 days. This helped ADA reach the 1.00 USD mark, for the first time since April 2022. The surge of ADA may be attributed to the vigorous market activity of whales and the positive sentiment from investors.

Role of large transactions: According to Ali Martinez, large transactions exceeding 22 billion USD daily have contributed to Cardano’s surge. This indicates active participation of whales and institutional investors in ADA. Reports state that large ADA holdings from 1 million to 10 million have increased their positions by over 100% in the past month.

Trend of the broader crypto market: The broader cryptocurrency market is also on an upward trend, with Bitcoin nearing the 100,000 USD mark. This has induced a positive sentiment spreading to altcoins such as Cardano. The positive market sentiment may stimulate ADA’s growth in the near future.

Potential ADA price in the near future: Although ADA prices have fallen below 1.00 USD, if it does not drop below 0.80 USD, the potential to maintain price and return to the 1.00 USD mark is feasible. Conversely, if prices fall below 0.80 USD, it could lead to a further decline to 0.63 USD.