Recent data from whale tracking website, WhaleStats, indicates that Cardano (ADA) is one of the top 10 purchased tokens among the top 2000 biggest BSC whales in the last 24 hours. Other crypts on the list include SOD, EUT, FWT, BAKE, and UNI.
One possible reason for this increase in ADA purchases could be an increase in excitement due to the long-awaited Vasil Hard Fork that is around the corner for Cardano.
Another reason could be the fact that payments in ADA are now available to more than 7 million users through a newly launched ADA Pay plugin that was developed as part of COTI’s Project Catalyst challenge.
The pay plugin is on Odoo, which is an open-source solution for business applications with millions of users. Its applications have been adopted by several startups and large enterprises.
In addition to this, the team has also created another ADA Pay plugin for eight different shopping platforms which include, WordPress, Joomla, and WooCommerce.
This launch also comes at a time in which the number of smart contracts deployed on the Cardano network is coming closer to its 3,000 milestone.
The excitement surrounding Cardano could also be on the increase as some analysts predict that the price of ADA could reach $2.9 by September of this year.
According to CoinMarketCap, ADA is currently trading at $0.4282 after a 0.96% decrease in price over the last 24 hours.
In terms of 24-hour trading volume, ADA is currently standing at $995,121,555.12 after a 38.88% increase.
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Source: Cryptocurrency - investing.com
