$ADA — We should aim to push the value of ADA back above the $1 level to reduce the disparity between its value and the circulating supply. In Sep 2021, the circulating supply was approximately 32 billion, with a price around $3. By Sep 2023, the circulating supply had increased to about 35 billion, and the price had dropped to around $0.25. Currently, the price fluctuates below $0.40, with an additional 800 million tokens added to the circulating supply due to staking rewards, bringing it to approximately 35.8 billion. If we can't get back above the $1 level, we might see the price drop to $0.20 due to the increased circulating supply and selling pressure driven by Bitcoin.

#BTC_Bounce_Back_to_57k #MtGoxJulyRepayments #ETH_ETFs_Approval_Predictions #SOFR_Spike #VanEck_SOL_ETFS