Cardano Struggles to Break $1 as Whale Selling Weighs on Price

Cardano, the popular cryptocurrency known for its innovative blockchain platform, is currently facing significant challenges in its efforts to break the $1 mark. This struggle is largely attributed to the actions of large holders, often referred to as "whales," who are actively selling off their substantial amounts of Cardano. The increased selling pressure from these whale investors is having a notable impact on the overall market sentiment and is weighing heavily on the price, preventing the cryptocurrency from gaining the momentum needed to surpass this critical psychological threshold. Consequently, investors and market analysts are closely monitoring these developments to gauge the future direction of Cardano's value. source: https://blocknews.com/cardano-struggles-to-break-1-as-whale-selling-weighs-on-price/