Binance Square
Home
Notification
Profile
Trending Articles
News
Bookmarked and Liked
Creator Center
Settings
LIVE
LIVE
MarsNext
--・236 views
🔥🔥🔥 #cardano ’s Potential Surge: Analyst Predicts ADA to Rise Above $3 Amidst Market Volatility  Cardano (ADA) is eyeing a breakout above $1, following a pattern of upward movement within the $0.45 - $0.50 range. Despite recent market fluctuations, Cardano's ecosystem remains robust, with 83.6 million transactions recorded as of March 21, 2024. Technical analyst Trend Rider predicts a bullish move for ADA, highlighting strong support between $0.45 and $0.50. ADA's potential breakout is supported by historical data and favorable Relative Strength Index (RSI) signals. Cardano's ecosystem has experienced remarkable growth, with a 166% increase in Total Value Locked (TVL) and a surge in smart contract adoption, adding 9,671 new contracts in March 2024. Additionally, Cardano leads in development activity, recording 611.47 GitHub commits in the past month, showcasing its potential for expansion and adoption. Source - crypto-news-flash.com #CryptoNews🔒📰🚫 #BinanceSquareTalks #cryptocurrency $ADA

🔥🔥🔥 #cardano ’s Potential Surge: Analyst Predicts ADA to Rise Above $3 Amidst Market Volatility 


Cardano (ADA) is eyeing a breakout above $1, following a pattern of upward movement within the $0.45 - $0.50 range.

Despite recent market fluctuations, Cardano's ecosystem remains robust, with 83.6 million transactions recorded as of March 21, 2024.

Technical analyst Trend Rider predicts a bullish move for ADA, highlighting strong support between $0.45 and $0.50. ADA's potential breakout is supported by historical data and favorable Relative Strength Index (RSI) signals.

Cardano's ecosystem has experienced remarkable growth, with a 166% increase in Total Value Locked (TVL) and a surge in smart contract adoption, adding 9,671 new contracts in March 2024.

Additionally, Cardano leads in development activity, recording 611.47 GitHub commits in the past month, showcasing its potential for expansion and adoption.


Source - crypto-news-flash.com

#CryptoNews🔒📰🚫 #BinanceSquareTalks #cryptocurrency $ADA


Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
MarsNext
@MarsNext

Explore More From Creator

💥💥💥 #shibaInu Needs to Break This 29 Trillion Resistance to Reach $0.00006 In the current market, altcoins like Shiba Inu (SHIB) are struggling to regain momentum despite #Bitcoin's strong performance. On June 5th, SHIB saw a surge, peaking at $0.00002633, driven by Bitcoin's rise and positive market sentiment. However, it faces significant resistance at the $0.000026 level, where a major sell wall exists, hindering further gains. Data shows that 64,320 addresses hold 69.74 trillion SHIB at an average price of $0.000026, contributing to selling pressure when SHIB approaches this level. Despite attempts to maintain support above $0.000025, SHIB has retraced its recent gains. To surpass the $0.000026 resistance, SHIB needs to confidently close above $0.000027. However, it faces additional hurdles on its way to $0.00006, encountering five more supply walls. The largest of these walls involves 140,260 addresses holding 19 trillion SHIB tokens between $0.00003 and $0.000036. Despite these challenges, SHIB maintains a significant number of addresses in profit, representing 63.43% of total holders. This is attributed to SHIB's spike beyond $0.00001 earlier this year. Presently, SHIB trades at $0.00002534, with efforts ongoing to reclaim $0.00003. In summary, SHIB faces formidable obstacles in its recovery journey, with multiple sell walls impeding progress. However, bullish momentum driven by Bitcoin's resurgence and positive market sentiment could fuel SHIB's ascent if these obstacles are effectively overcome. Source - thecryptobasic.com #CryptoTrends2024 #BinanceSquareTalks #cryptocurrency
--
🔥🔥🔥 Data Shows That Despite Struggles, $XRP Ranks Among Top 5 Assets with Highest Profitability The recent update highlights XRP's ongoing struggle to surpass the $0.50 level, sparking #stablecoin comparisons. Since dropping below $0.60 on April 12, XRP has failed to reclaim this key price point, despite occasional market upswings. However, XRP has maintained its $0.50 support, showcasing resilience but causing investor anxiety due to stagnant price movements. Santiment's "Supply in Profit" metric reveals that most of XRP's circulating supply is trading at a profit. This metric compares a token's current value to its initial value on the #Blockchain , indicating whether it's trading higher or lower than its initial price. Bitcoin ($BTC ) has the highest percentage of supply in profit at 98.3%, followed by Ethereum ($ETH ) at 95.1%, #Chainlink at 86.8%, and Dogecoin (DOGE) at 82.2%. Despite a year-to-date decline of 15%, XRP ranks fifth with a 78.8% profitability ratio. XRP's high profitability is due to its initial low price and the timing of token releases. Ripple's monthly escrow releases, totaling 2.4 billion tokens annually, often coincide with low prices, maintaining supply profitability. For instance, 500 million XRP released on May 1 and 1 billion XRP on June 1 are now in profit, trading above their release prices. In summary, XRP's ability to maintain its $0.50 support and high profitability ratio, despite price struggles, is largely due to strategic token releases and initial low pricing. Source - thecryptobasic.com #CryptoTrends2024 #BinanceSquareTalks
--
💥💥💥 Enormous #bitcoin #whale 🐳🐳🐳 Adds $1 Billion in $BTC Every Day: Who Is It? According to a report by WuBlockchain, based on research from CryptoQuant, approximately $1 billion worth of Bitcoin is being added daily to a significant new whale wallet. This surge is likely due to institutional investors purchasing Bitcoin and transferring it to custodial wallets. Over the past 30 days, long-term holders have accumulated 70,000 BTC, with whale demand increasing at a rate of 4.4% per month. A sustained price rally for Bitcoin is anticipated due to improving conditions driving demand growth. Several factors contribute to this rebound: 1. Growth in Large Investors and Permanent Holders: There is a noticeable increase in the combined balances of large investors and permanent holders. This suggests a rising conviction among long-term Bitcoin holders. 2. $1 Billion Daily Inflows: Significant new Bitcoin investors are injecting $1 billion daily. This substantial investment indicates growing interest and confidence among prominent market participants. 3. Increase in Bitcoin Purchases from Spot ETFs in the USA: The approval of spot #BitcoinETFs in the USA and subsequent increased activity have boosted demand. This new investment channel offers investors a more accessible way to gain exposure to Bitcoin. Moreover, heavy selling by traders has exhausted the market. The unrealized profit ratio resetting to 0% indicates reduced selling pressure, signaling the onset of a new accumulation phase. Additionally, since the approval of spot ETH ETFs in the USA on May 20, Ethereum has seen a surge in demand. Both long-term Ethereum holders and major investors have increased their ETH purchases, reflecting a similar trend of growing confidence in Ethereum alongside Bitcoin. However, despite positive signs for both Bitcoin and Ethereum, the growth trajectory of #stablecoin liquidity has not yet been restored. Source - u.today #BinanceSquareBTC
--
👉👉👉 #ECB Cuts Rates, #CryptoMarkets Brace for Potential #bitcoin Surge This decision comes amidst projections of inflation at 2.5% in 2024, gradually decreasing to 1.9% by 2026. Additionally, GDP growth forecasts predict a rise of 0.9% in 2024 and 1.6% in 2026. The anticipated move, marking the first cut since September 2019 when the deposit facility entered negative territory, was expected by money markets. The unanimous decision to cut rates was supported by all 20 national representatives, with ECB President Christine Lagarde highlighting the significance of this move. Recently, a major central bank initiated a rate cut this year, sparking speculation that the ECB might follow suit. Amid these macroeconomic conditions in the European Union, analysts at QCP Capital suggest that today’s U.S. jobless claims report and the upcoming CPI release could potentially drive Bitcoin to new all-time highs. QCP Capital also asserts that market momentum might intensify if potential rate cuts are taken into account. This sentiment aligns with recent actions by central banks worldwide, reflecting a collective effort to navigate economic uncertainties. Notably, the ECB is expected to implement a similar quarter-point rate cut soon. Source - thecryptobasic.com #CryptoNews🔒📰🚫 #BinanceSquareTalks
--
💥💥💥 #shibaInu (SHIB) and #cardano Explode With #whale 🐳🐳🐳 Activity Recent movements in the cryptocurrency market have drawn attention to Shiba Inu (SHIB) and Cardano (ADA), with both tokens experiencing notable increases in large-scale transactions. Santiment reports suggest that this surge is primarily fueled by heightened interest from whale investors, characterized by transactions exceeding $100,000. This week, the number of such substantial transactions for SHIB and ADA has more than doubled compared to the average for 2024. According to a chart accompanying the report, the current count for such significant transactions stands at 875 for ADA and 321 for SHIB. However, just the day before, these figures were considerably lower, hovering around 455 for Cardano and 81 for Shiba Inu. In a noteworthy development, U.Today highlighted intriguing whale activity concerning SHIB, reporting that early investors from 2021 have recently accumulated over 1.3 trillion Shiba Inu, equivalent to $33.28 million. The true nature of this accumulation by major players in these digital assets remains uncertain. Presently, both $ADA and $SHIB prices are experiencing a slight downturn, with both tokens trading in the red today. Nevertheless, a broader perspective reveals that since the beginning of the week, over the last three days, the price of Shiba Inu and Cardano has seen modest gains of 3.8% and 2.5%, respectively, amidst relatively low volatility and rapid fluctuations. This observation could indicate the presence of whales actively accumulating positions on the buying side. Source - u.today
--

Latest News

Degen Announces Launch of ENS Subdomain on X Platform
--
W Token Breaks Through 0.74 USDT, Reports a 24H Increase of 14.57%
--
Tellor Announces Upcoming Audit of Oracle L1 and Tellor Layer
--
API3's Oracle Stack Now Available on opBNB
--
Potential Of Spot Ethereum ETF Could Expand Investor Exposure To Smart Contracts And Decentralized Applications
--
View More

Trending Articles

Binance Reintegrated Mastercard Payment As It Restores Card Feature
avatar
Bitcoinworld
Important Strategies for Hedging Your Assets
avatar
dailyabay
What Are the Common Crypto P2P Scams, and How Can You Avoid Them?
avatar
Crypto_Ravi
Bitcoin (BTC) Price Resurgence, Binance Coin (BNB) Hits a New ATH, and Meme Coins Fiesta: Bits Re...
avatar
CryptoPotato
Cardano Price Goes $25? — Charles Hoskinson Reacts to ADA’s Price Drawback
avatar
ZyCrypto
View More
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
ba-one-trust-cookie