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Cardano( $ADA ) Witnesses Surge in Large Transactions, Potential Price Rally on the Horizon

June 20 (Cointime) - Cardano's (ADA) large transactions have surged, indicating a potential price rally. According to IntoTheBlock, the number of transactions valued at $100,000 or more increased by 990 in 24 hours, reaching a total of 6,460.

The volume also saw a significant increase of 3.4 billion ADA, equivalent to $770 million, with a total value of 36.67 billion ADA or approximately $9.54 billion.

This surge in large-scale transactions coincided with ADA's price of $0.26, which is significant for experienced investors seeking to establish positions close to key benchmarks. It is important to monitor the behavior of prices in this range to gain a better understanding of the broader crypto market and potential price movements.

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