Against the backdrop of a quiet crypto market, two cryptocurrencies are coming to the fore: Cardano and Chainlink, attracting the attention of whale investors.
Cardano (ADA) – Whale Activity
The Cardano community has always been active, and recently there has been a significant increase in interest from large investors. In August, over 150 million ADA were moved off exchanges, indicating long-term expectations from investors. This is due to several catalysts. Firstly, the probability of a Cardano ETF being approved in the US has reached 87%. The final decision is expected on October 26. If approved, this could attract substantial institutional investments. Regulatory clarity is also on the way, with the Clarity Act expected to pass soon. Additionally, potential rate cuts later this year could direct more funds into risk assets like ADA. The upcoming Midnight/Glacier airdrop is also significant as it will bring new opportunities to the Cardano ecosystem.
Chainlink (LINK) – Partnerships Galore
Chainlink is also generating significant attention. In August, around $31 million worth of LINK was acquired, but its success is largely attributable to its partnerships. The US Department of Commerce is now publishing key economic data, such as GDP, directly on blockchains using Chainlink’s CCIP technology, highlighting the growing reliance on Chainlink as a trusted data source for governments. Additionally, Bitwise has filed for a Chainlink ETF, which could attract further institutional capital. Chainlink has also partnered with Japan’s financial giant SBI and even Disney. Furthermore, Cardano is collaborating with Chainlink to integrate oracle services into its ecosystem.
Comparative Analysis of Growth Potential
Both ADA and LINK present significant potential heading into 2025. Cardano has the chance for ETF approval, regulatory clarity, and the important Midnight upgrade on the horizon. Meanwhile, Chainlink has established itself as the backbone of blockchain data, securing government contracts and major partnerships. If looking for slower but steady growth, LINK might have the edge. However, Cardano’s community and whale buying power could drive it higher in the short term. Ultimately, both assets are strong contenders for growth, focusing on different aspects of the market.
The question of which of these altcoins will ultimately be more successful remains open. Both projects have their strengths and could leave a mark on the crypto market in 2025.
