Over the past three days, whale transaction counts were on the rise, which means that they’re buying the news amidst the Vasil upgrade.
The vast majority of analysts believe that Cardano will record a stellar performance in the next bull run due to the network’s fundamental value and robust features.
They also state that Shiba Inu and other speculative assets won’t garnish much attention, unless the market goes through another “overselling” stage.
However, there are also industry experts that don’t believe it’s time to get excited about ADA. Even though the price increase this week has been great, they attribute it to the discouraging volume influx.
According to Santiment, the on-chain crypto analytics platform, Cardano’s volume increased to around $647 million, which is 2% less compared to last week’s volume.