🪙ALTCOINS Traders Are Heavily Accumulating 💰💰

As the crypto market dips, major players like BlackRock and analysts remain bullish, accumulating Cardano, Avalanche, and newcomer Cutoshi for their breakout potential.

📈Is Cardano preparing for a breakout year?

After years of slow development in comparison to the many blockchains, Cardano has been on a tear, until the recent flash crash. But popular trader Ali Martinez is still bullish on $ADA due to technical analysis, and says “#Cardano is doing the same as it did in 2020, which is why I’m buying! Even if it dips down to $0.76, I’m buying more and plan to book profits between $4 and $6.”

The two major changes for ADA this year are the upcoming change in US administration, since ADA will not be classified as a security.

🔥Why $AVAX is central to BlackRock’s tokenization strategy

Avalanche failed to hold the $50 resistance level and is now trading at $44, which some traders, like Martinez, see as a potential buying opportunity. But the real whales in Avalanche right now are interested in BlackRock’s launch of the Digital Liquidity Fund BUIDL, using Securitize.

This move is due to asset managers like BlackRock being very bullish around the tokenization of real world assets, something which the BUIDL fund makes possible on Avalanche.

BlackRock is creating its own stablecoin on Avalanche. Each BUIDL token represents one share of $500M+, a fund designed to maintain a stable value of $1 per token. Investors receive daily dividends directly in their wallets, with the Fund allocating 100% of its assets to cash, U.S. Treasury bills and repurchase agreements.

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