Upcoming Token Unlocks: Cardano, Jito, and Aptos 🚀🔓
As we approach the end of 2024, the crypto market is buzzing with discussions about upcoming token unlocks. These events can significantly impact token prices, market sentiment, and project development.
In this article, we’ll explore the upcoming token unlocks for Cardano (ADA), Jito (JITO), and Aptos (APT)—and what they mean for investors. Let’s dive in! 🌟
1️⃣ Cardano ($ADA ): Expansion Through Staking Rewards
💡 Overview:
Cardano, known for its focus on scalability and sustainability, will see a staking reward distribution as part of its ongoing tokenomics. This unlock is linked to staking incentives designed to support the growth of its proof-of-stake ecosystem.
🔓 Details:
Unlock Type: Staking rewards.Date: December 2024.Impact: Approximately 1.5 million ADA tokens will be unlocked and distributed to delegators and validators.
📈 What to Watch For:
Market Impact: A moderate increase in circulating supply might lead to slight sell pressure. However, Cardano’s robust staking mechanism encourages long-term holding.Price Prediction: ADA’s current price is $1.61, with analysts expecting it to trade between $1.50 - $1.80 in the coming weeks, depending on broader market trends.Catalysts: The Hydra upgrade and increased DeFi adoption on Cardano could mitigate any negative effects from the token unlock.
2️⃣ Jito ($JITO): Focused on Solana’s Performance
💡 Overview:
Jito is a Solana-based project enhancing validator efficiency and reducing MEV (Maximum Extractable Value) exploitation. Its upcoming token unlock is tied to early backers and contributors.
🔓 Details:
Unlock Type: Vesting schedule for seed investors.Date: December 10, 2024.Impact: Approximately 2 million JITO tokens (~5% of the total supply) will enter circulation.
📈 What to Watch For:
Market Impact: Increased supply could lead to short-term price corrections. However, the focus on Solana’s ecosystem growth provides strong fundamentals.Price Prediction: JITO is trading at $3.6, with expectations of potential dips to $3.40 before recovery based on its utility and staking demand.Catalysts: Growing Solana network activity and adoption of Jito’s validator solutions could fuel long-term demand.
3️⃣ Aptos ($APT ): Scaling with Strategic Unlocks
💡 Overview:
Aptos, the Layer-1 blockchain known for its scalability and Move programming language, has a scheduled token unlock for team allocations and strategic partners.
🔓 Details:
Unlock Type: Team and investor allocations.Date: December 15, 2024.Impact: Approximately 5 million APT tokens (~2% of total supply) will be unlocked.
📈 What to Watch For:
Market Impact: Team unlocks often introduce concerns about selling pressure. However, Aptos’s robust developer ecosystem and active NFT market might offset negative sentiment.Price Prediction: APT is trading at $13.81, with potential fluctuations between $13.50 - $14.20 after the unlock.Catalysts: Upcoming partnerships, DeFi integrations, and an expanding ecosystem could bolster Aptos’s long-term value.
What Do These Unlocks Mean for Investors?
Token unlocks often bring volatility, but they also present opportunities for savvy investors. Here’s how to navigate these events:
🔹 Short-Term Risks:
Increased supply can lead to sell pressure and price dips.Monitor trading volumes and whale movements around unlock dates.
🔹 Long-Term Opportunities:
Projects with strong fundamentals, like Cardano, Jito, and Aptos, often recover post-unlock as demand outweighs supply.Consider dollar-cost averaging (DCA) during price corrections for long-term gains.
Final Verdict
Upcoming token unlocks for Cardano, Jito, and Aptos are worth monitoring closely. While short-term volatility is expected, the strong fundamentals of these projects suggest promising recovery and growth potential. Stay informed, plan strategically, and capitalize on market movements during these key events.
💬 What’s your strategy for navigating token unlocks? Share your thoughts below!
✨ Found this helpful? Like, share, and follow for more insights on token unlocks and crypto trends. Your support fuels valuable content! 🙌
#TokenUnlocks #Cardano #ADA #Jito #APT

The post ADA Price Set to Explode, Here’s What Data Says appeared first on Coinpedia Fintech News

ADA, the native token of the Cardano blockchain, is poised for notable upside momentum as whales and investors show strong interest in the altcoin. This surge in interest was observed when the token appeared to be struggling near a strong resistance level.

Cardano (ADA) Technical Analysis and Upcoming Level

According to expert technical analysis, ADA has been consolidating within a tight range between $1.12 and $1.23, near a strong resistance level of $1.24, for the past week. However, the chart shows that since the beginning of November 2024, ADA has consolidated near different resistance levels four times before experiencing massive upside momentum.

Source: Trading View

This time, however, experts and investors are anticipating a similar upside momentum. Based on recent price action, if ADA breaks out of this consolidation and closes a daily candle above the $1.25 level, there is a strong possibility it could soar by 30% to reach $1.65 in the coming days.

On the other hand, ADA’s Relative Strength Index (RSI) currently stands at 71, indicating that it is in an overbought zone and suggesting a potential price correction in the coming days.

$121 Million in ADA Outflow From Exchanges 

In addition to ADA’s bullish technical analysis, whales and institutions appear to have shown strong interest and confidence in the altcoin, as reported by the on-chain analytics firm Coinglass. Data from ADA’s spot inflow/outflow revealed that exchanges have witnessed a significant outflow of $121 million in ADA during this ongoing consolidation.

Source: Coinglass

In the cryptocurrency context, outflow refers to the movement of assets from exchanges to wallet addresses, which is considered a bullish sign. This notable outflow also suggests a potential buying opportunity, reduces selling pressure, and indicates further upside momentum in the coming days.

The combination of these bullish on-chain metrics and technical analysis indicates that bulls are currently dominating the asset and could support ADA in breaking out of the consolidation zone.

Current Price Momentum 

At press time, ADA is trading near $1.18 and has registered a price decline of 3.5% in the past 24 hours. During the same period, its trading volume increased by 30%, indicating heightened participation from traders and investors compared to the previous day.

Cardano ($ADA) is currently displaying a positive outlook despite its recent modest performance. Michaël van de Poppe, a well-known crypto analyst, has highlighted Cardano’s reentry in its former trading range, indicating the potential to secure an exclusive all-time high price level. The analyst took to social media to discuss the current scenario of Cardano in the crypto market.

Request 02 – $ADAThis one has been doing great, but it's just barely up.Back in the old range, and I think that $0.75 & $1 are two great swing trade entry zones. I do expect a new ATH to come for this ecosystem in 2025. pic.twitter.com/7lKIRJx3cc

— Michaël van de Poppe (@CryptoMichNL) December 7, 2024

Cardano Re-Enters Previous Price Range, Displaying Potential for New All-Time Highs

Michaël van de Poppe mentioned that $ADA has re-entered the previous trading range, showing resilience. The gains thereof have reportedly been marginal in comparison with the rest of the altcoins amid the new market rally. Nonetheless, the current phase of comparative stability could provide an opportunity to facilitate strategic investors.

The analyst talked about the $1.00 and $0.75 as the best price levels in the case of swing-trade entries. The respective zones are historically noteworthy for Cardano. They denote key levels of accumulation and support in the past. These price spots might attract investors looking for medium-term trades as $ADA prepares for the next move thereof. Cardano formerly achieved its all-time high of $3.10 back in 2021’s bull run. However, the analyst has confidence in the token’s potential jump toward another ATH.

The Strategic of $ADA Might Lead to Exclusive Opportunities for Patient Investors

According to Michaël van de Poppe, $ADA’s ongoing development and strategic positioning could push its value to exclusive heights. At the moment, the analyst’s insights give an optimistic overview to boost the morale of the patient investors for likely opportunities in the long term.

According to historical data, Cardano (ADA) may be approaching overvalued territory. This comes after an impressive 180% price increase over the last 30 days.

For some investors, the timing might seem premature, especially with the much-anticipated altcoin season just beginning. However, on-chain indicators suggest that ADA might face a correction before establishing new highs.

Cardano Metrics Flash Bearish Signs

One key metric suggesting that Cardano could soon be overvalued is the Market Value to Realized Value (MVRV) Long/Short Difference. The MVRV Long/Short Difference checks if long-term holders have more unrealized profits at the current price or if short-term holders do.

When the metric increases, it means long-term holders have made more gains. On the other hand, if it decreases or falls to the negative region, it means short-term holders have the upper hand.

This difference can also help spot when a cryptocurrency is undervalued or overvalued. Looking at historical data, Cardano’s price hit an overvalued point when the MVRV Long/Short difference hit 57.94% in March.

Cardano Market Value to Realized Value Long/Short Difference. Source: Santiment

As seen above, the metric’s reading has hit 52.71%, suggesting that ADA could be close to being overvalued again. If validated, then the altcoin’s price might undergo a notable correction.

Apart from this, IntoTheBlock data shows a spike in the Network Value to Transaction (NVT) ratio. The NVT ratio is a metric used to assess a cryptocurrency’s valuation relative to the value being transmitted on the network.

When the ratio drops, it means that transaction volume has outpaced market cap growth, indicating that the token is undervalued. On the other hand, a rise in the NVT ratio, as it is currently, indicates that Cardano’s market cap has grown faster than the value transacted. If this remains the case, the ADA might be tagged overpriced, and the value might decrease.

Cardano Network Value to Transaction (NVT) Ratio. Source: IntoTheBlock ADA Price Prediction: Lower Than $1

From a technical perspective, the daily chart shows that the Bollinger Bands (BB) has expanded. This notable expansion indicates high volatility around ADA, suggesting that price swings in the coming days could be massive.

But besides that, the upper band of the BB tapped ADA’s price at $1.30. When the upper band of the indicator hits the price, it means it is overbought. On the other hand, when the lower band does that, it indicates an oversold status.

Cardano Daily Analysis. Source: TradingView

Therefore, it appears that the Cardano token is overbought. Considering this condition, then Cardano’s price could decrease to $0.92. On the flip side, if buying pressure increases, this might not happen as ADA could rise above $1.40.

Sellers are becoming more powerful at the end of the week, according to CoinMarketCap.

ADA/USD

The rate of Cardano (ADA) has dropped by 0.40% since yesterday. Over the last week, the price has risen by 12.69%.

On the hourly chart, the price of ADA is closer to the resistance level than to the support.

card

If a breakout of the upper line happens, the growth may continue to the $1.22-$1.23 range by tomorrow.

A similar picture is on the daily time frame. If the rate reaches the resistance of $1.2424 and the bar closes around it, the accumulated energy might be enough for a test of the $1.30 area soon.

From the midterm point of view, traders should pay attention to the weekly bar closure in terms of the $1.1542 level. If the candle closes above, bulls remain more powerful than bears.

ADA is trading at $1.2109 at press time.

Charles Hoskinson, the founder of IOG – the organization between the Cardano ecosystem, has informed that the Cardano Foundation’s X account has been compromised by bad actors.

They posted a tween about an SEC lawsuit, claiming that the Foundation will cease its support for ADA.

The false statement begins by explaining that the US Securities and Exchange Commission has continued with its war against crypto under the current regime by filing a lawsuit against the Cardano Foundation.

Consequently, the team had made “the difficult decision to immediately cease all support towards the ADA token to ensure compliance with regulatory requirements.”

Such statements typically impact assets in the ever-volatile cryptocurrency market, but the swift reaction of X’s team and Charles Hoskinson seem to have protected ADA’s price. Cardano’s native token remains relatively still at almost $1.2 after a minor decline on a 24-hour scale.

Hoskinson was quick to point out to his one million followers on X that the Foundation’s account had been hacked. There’s also a statement under the false post on X outlining the compromised account.

Looks like the CF account got hacked. Try harder hackers https://t.co/DhT9PpgfZt

— Charles Hoskinson (@IOHK_Charles) December 8, 2024

ADA has been among the top performers in the past month or so, skyrocketing by 170% within that timeframe and jumping to a multi-year peak of $1.3 before correcting slightly to its current level.

The post ADA Price Unfazed Despite Hacked Cardano Foundation X Account Indicating SEC Lawsuit appeared first on CryptoPotato.