Cardano (ADA) Flashes a Major Bullish Signal That Could Trigger a 200% Pump

Cardano’s native cryptocurrency has been on fire lately and has emerged as the best-performing digital asset over the past week.

It has become the subject of multiple price predictions, with many market observers anticipating much more substantial gains ahead.

What Happened and What Might Be Next?

ADA has been on a massive overall decline in the past year, with its valuation nosediving to a multi-year low of under $0.14 in June. The poor performance continued throughout July, but the start of August brought a sudden and somewhat unexpected revival.

The return of the whales, who purchased more than 240 million coins in less than a week, was depicted as the main catalyst of the resurgence. The bulls remained in charge, and now ADA trades at around $0.2014 (per CoinGecko), representing an 18% weekly increase. According to the X account BSCN, the latest pump could have been fueled by Cardano’s transition into the Dijkstra development era, labeled as “a newly approved roadmap that makes it the first chain to fund core development from its community treasury.”

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