---
title: "Cardano (ADA) Price Bull Run Imminent? On-Chain Metric Spikes"
url: https://diffcoin.com/cardano-ada-price-bull-run-imminent-on-chain-metric-spikes/
description: "ADA's price increase coincided with some bullish factors such as increased whales transactions and rising address activity."
published: 2023-11-03
updated: 2023-11-03
author: "Mila"
site: "Diffcoin"
---

# Cardano (ADA) Price Bull Run Imminent? On-Chain Metric Spikes

**TL;DR**

- ADA’s price surged to $0.32, a 5% increase from the previous day and a 30% rise over two weeks, amidst a broader increase in activity by large investors.
- Transaction activity from ADA whales has increased by 32% in three weeks, suggesting significant interest from large-scale holders.
- Analyst predictions for ADA’s future vary, with one bullish forecast suggesting a potential increase to $30 due to global inflation, while another analyst expects a more conservative 43% price rise tied to transaction volume growth.

## ADA Whales on the Move

Cardano’s native token – ADA – is among the few digital currencies that flash green today (November 3). Its price spiked above $0.32 (per CoinGecko’s data), representing a 5% increase compared to yesterday’s figures and a 30% rise on a two-week basis.

Its valuation spike coincided with an increased activity coming from large investors. According to Santiment, ADA address activity has jumped by 23% in the past three weeks, whereas ADA whale transactions have soared 32% for the same period.

> 📈 [#Cardano](https://twitter.com/hashtag/Cardano?src=hash&ref_src=twsrc%5Etfw) has been the big story Thursday, with its market cap growing +9% in the past 24 hours and now +36% over 2 weeks. As usual, [#onchain](https://twitter.com/hashtag/onchain?src=hash&ref_src=twsrc%5Etfw) activity hinted at this [#bullish](https://twitter.com/hashtag/bullish?src=hash&ref_src=twsrc%5Etfw) action with [$ADA](https://twitter.com/search?q=%24ADA&src=ctag&ref_src=twsrc%5Etfw) address activity & whale transaction at their highest in 3+ months.… [pic.twitter.com/IYBBk3ssf4](https://t.co/IYBBk3ssf4)
> 
> — Santiment (@santimentfeed) [November 2, 2023](https://twitter.com/santimentfeed/status/1720160495762915827?ref_src=twsrc%5Etfw)

## ADA Getting Ready for a 1,000% Explosion?

The token’s impressive recent performance has given analysts the opportunity to lay out optimistic price predictions. One such bullish bet came from the X (Twitter) user Lucid, who envisioned that ADA could skyrocket to the astonishing $30 in the future.

The analyst believes that global inflation might act as a catalyst for the cryptocurrency market and push its capitalization to $10 trillion within the decade, while Cardano’s coin could be among those leading the rally.

Others, like the X user John Morgan, suggested a more modest price increase for ADA. The analyst agreed with a research that estimated the asset’s valuation could spike by around 43% based on a rapid surge of transaction volume.

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[Source link](https://cryptopotato.com/cardano-ada-price-bull-run-imminent-on-chain-metric-spikes/)