Cardano Primed To Continue Surging As Whales and Institutions Accumulate ADA, Says Crypto Analyst () program details. Reviews, Scam or Paying

The layer-1 blockchain Cardano (ADA) is primed to continue its long-awaited price surge, according to a popular crypto analyst.

The digital asset trader Ali Martinez tells his 87,300 followers on the social media platform X that whales and “institutional players” have been buying into the Ethereum (ETH) competitor in anticipation of further price increases.

“The volume of large Cardano ADA transactions on the network has surpassed $22 billion per day. Those large transactions appear to be related to high accumulation levels. Indeed, whales holding from $1 million to over $10 million in ADA have increased their positions by more than 100% in the past month. 

The high buying pressure is starting to move prices, and from a technical perspective, Cardano seems to be mirroring its previous bullish cycle. If this pattern holds true, ADA could target $6!”

Image
Source: Ali Martinez/X

Martinez also notes that one “key area” of support that ADA needs to hold to maintain its bullish thesis is $0.80. At that price point, 48,000 addresses bought nearly 1.20 billion ADA.

Image
Source: Ali Martinez/X

ADA is trading at $1.06 at time of writing. The ninth-ranked crypto asset by market cap is up more than 24% in the past 24 hours, more than 48% in the past seven days and nearly 200% in the past month.

Comments

Post a Comment

Popular posts from this blog

De-Dollarization: Experts Predict Outcome Of Yuan Vs. US Dollar () program details. Reviews, Scam or Paying

Image
The US dollar has faced substantial headwinds over the last decade. The de-dollarization movement has made significant inroads globally. China, along with the other BRICS nations, has expressed its desire to use an alternative to the US dollar. The Chinese yuan has emerged as one such currency that many nations are turning to. Also Read: Top 3 Cryptocurrencies That Could Make A Recovery This Week De-Dollarization: Experts Weigh In On The Yuan Vs. USD War Source: Watcher Guru According to IMF data, the US dollar accounted for 58% of global foreign exchange reserves. The figure was closer to 65% 10 years ago. The data highlights the growing de-dollarization sentiment. While there is no doubt a decline in the dollar’s dominance, the strengthening of the yuan may be a little overstated. According to Lucy Ingham, editor-in-chief, FXC Intelligence, “ This narrative is overstated and doesn’t give a true picture of what is really happening. “ According to James Lord from Morga...
Read more

Ripple (XRP) Prediction For The Weekend, How High Can The Token Surge?  () program details. Reviews, Scam or Paying

Image
Ripple (XRP) is one of the leading crypto tokens that has lately been carving its independent price trajectory. The token is gearing up to launch its stablecoin while inviting a massive user influx, making it one of the trending crypto tokens to explore. Here’s how high XRP may surge this weekend as the token gains immense value and attention. Also Read: Cryptocurrency: Top 3 Coins That Tron Founder Justin Sun Owns The Ripple Ecosystem: What’s Happening Source – Ajaib Kripto XRP is currently one of the most noteworthy tokens to explore at the moment. Ripple is all set to launch its own stablecoin, RLUSD, a credible development that has been gaining steady traction as of late. The token is also expected to recover its lost valuations as the US political domain considers a dramatic shift by appointing a pro-crypto Paul Atkins as the new SEC chair. The change in the US political regime is crucial for XRP, as it could lead the token to finally end its yearlong spat with th...
Read more

CBDC: House Blocks Fed’s Digital Dollar Push () program details. Reviews, Scam or Paying

Image
CBDC initiatives are now facing a major setback right now, as the U.S. House Financial Services Committee has voted 27-22 to advance the Anti-CBDC Surveillance State Act. This Republican-led bill, which is being championed by Rep. Tom Emmer of Minnesota, aims to block the Federal Reserve from issuing a digital dollar amid some growing fears over financial surveillance and crypto regulation. At the time of writing, the bill is now headed to the full House for consideration. Anti-CBDC Surveillance State Act Bill – Source: Emmer.house.gov Also Read: Trump’s Tariffs Trigger De-Dollarization – Central Banks Rush to Buy Gold at ATH! Congress Slams CBDC Plan Over Surveillance, Fed, Regulation Fears Source: Watcher Guru The committee’s April 3rd decision represents a significant step in preventing government control over digital currencies. Unlike Bitcoin and also other decentralized cryptocurrencies, a CBDC would be monitored and managed by the Federal Reserve. Congressman Emmer st...
Read more