Recently, Cardano (ADA) has attracted significant attention from large investors, known as whales, which could have a big impact on its price. Whales are showing more confidence in ADA, suggesting they believe its value will rise due to increased demand from these influential market players. This surge in activity might push ADA's price higher soon.

Looking ahead, an advanced AI model, ChatGPT-4o, has given insights into ADA's potential price movements by the end of 2024. It predicts two scenarios: in a stable growth scenario, ADA's price could stay between $1 and $2. However, in a more optimistic situation with strong developments and positive market trends, ADA's price might reach between $2 and $5. This upper range would be a significant increase from its current value.

Several factors contribute to these predictions. First, the rise in whale investments shows strong investor confidence, which is important for ADA's upward trend. Second, institutional adoption and improvements in Cardano's network capabilities could further boost its price. Third, ongoing network upgrades, such as better smart contract features and achieving important goals, are expected to positively affect ADA's market performance.

Recent data from Cardano developer IOHK supports this growth trend. The network now has 46,060 smart contracts and has launched 171 projects, showing strong expansion in its ecosystem.

Currently, ADA is trading below the resistance level around $0.50. Reaching $1 is a crucial milestone for ADA's future growth, driven by large-scale buying from whales at this level. Additionally, reports suggest Gemini, a major cryptocurrency exchange, is planning to list ADA, potentially increasing its market exposure.

In the broader cryptocurrency market, Bitcoin (BTC), the leader, is aiming to maintain its strength around $67,000. Positive movements in Bitcoin often lead to gains in altcoins like ADA, strengthening positive market sentiments.

In summary, Cardano's recent increase in whale interest and ongoing developments position it well for potential price growth. As the cryptocurrency landscape evolves, ADA's performance will likely be influenced by market dynamics and internal network improvements, shaping its path in the months ahead.