😱💥Crypto analyst expects Cardano (ADA) big rise

A cryptocurrency analyst said that #cardano (#ADA ) has created a graphical model that signals a potential rally.
A cryptocurrency analyst said that Cardano (ADA) has created a graphical model that signals a potential rally.

Analyst Ali Martinez, in his share on X, stated that the asset will rise depending on the descending triangle chart model.

A descending triangle is usually considered a continuation formation in a downtrend. However, a reverse fracture that occurs indicates an upward trend.
The analyst said that the ADA could rise as high as $ 0.68 after the bullish move.

“The ISLAND shows the signs of a descending triangle on the daily chart. a stable closing above $0.53 could lead to the start of a 32 percent rally and potentially push the ADA up to $0.68.”
According to IntoTheBlock, a significant percentage of Cardano investors are long-term investors.

“23 percent of ADA owners have been holding ADA tokens for more than five years.”
#Write2Earn #binance

Let’s have a look at the recent upgrades on Injective Blockchain.
$INJ is indeed the Power House of Web3 Finance

1/ Recently, Injective launched the largest Mainnet Upgrade in the history of Injective to improve the network and introduce a lot of novel features. The upgrade brought a lot of changes and new users to Injective and it was widely accepted by the community.
The #Volan Upgrade came with the following features and more:
-The First Ever RWA Module
-Interoperability Expansion
-Enhanced Enterprise Grade Scalability
-New Exotic Oracle Feed Design
-Token Economics Optimizations
-Token Burn Enhancements

2/ One of the most striking steps recently is that Injective launched Gas Compression upgrade that will make transaction costs on Injective the lowest in crypto.
Transactions on Injective Blockchain is now very minimal , it’s as low as 0.00001 INJ or $0.0003 USD.
The gas compression upgrade has been implemented and developers on Injective can easily tap into the advantages of these revised gas prices by simply adjusting their gas configuration from the previous 500000000inj to the newly established rate of 160000000inj.
Minting 1,000 NFTs on Injective will cost merely $0.30 which is over 100X lower than the cost Ethereum or 500% lower than the cost on a chain such as Polygon and 50% lower than Solana.
Now, Injective #dApps and top institutions that sometimes have the need to send multiple transactions in one block are able to do it with just a fraction of fees in a single block.

3/ INJ 2.0 marks a significant milestone in the evolution of finance, creating a more integrated ecosystem powered by $INJ.
Injective released its largest tokenomics upgrade on 16th August, 2023 which was introduced to increase the amount of INJ burned weekly.
The major aim of INJ 2.0 is to allow all dApps built on Injective to contribute to the $INJ burn auction with no limit on how much they can burn.
@InjectiveQuants was the first ever #NFT collection to directly contribute to the $INJ burn auction is launched in November.