3 hours ago
TL;DR ADA jumped to $1.05, possibly driven by overall market recovery, whale purchases, and Cardano partnership rumors. Analysts predict the asset could reach $1.20 soon, with long-term targets as high as $7 based on technical patterns and upcoming developments. What Caused the Pump? Cardano’s ADA is among the best-performing cryptocurrencies today (January 15), with its price soaring to a one-week high of approximately $1.05 (per CoinGecko’s data). Its market capitalization jumped above $37 billion, thus solidifying the asset’s position in crypto’s top 10 club . ADA Price, Source: CoinGecko Perhaps the most obvious reason fueling the rally is the overall resurgence of the digital asset market. Bitcoin (BTC), whose price briefly dipped below $90K a few days ago, is now worth around $97,000. Ethereum (ETH), Solana (SOL), Ripple (XRP) , and many others have also charted impressive gains in the last 24 hours. Another factor could be the whale activity. The popular X user Ali Martinez revealed that such large investors have accumulated more than 100 million ADA (worth over $100 million) in the past 48 hours. Whale purchases reduce the available supply, potentially creating buying pressure and pushing prices higher due to basic economic principles. The move often signals confidence in the asset, encouraging smaller players to follow suit, further amplifying the upward price movement. Last but not least , ADA’s latest pump could be attributed to the speculations about an upcoming partnership between Ripple and Cardano. The leaders of the two entities have held discussions in the past few months. Most recently, Cardano’s founder Charles Hoskinson hinted the possible collaboration could involve the integration of Ripple’s stablecoin: “We’ve already had a call with the RLUSD people. We are actively talking.” ADA Predictions Many market observers think Cardano’s native token has yet to reach new peaks. X user Ssebi claimed the asset had formed a “big W pattern” on its price chart. According to them, ADA is headed toward $1.20 because it broke the $1.02 depicted resistance. Others who weighed in lately include Dan Gambardello and Altcoin Daily. The former believes ADA has “one of the most bullish weekly pattern setups in crypto,” envisioning a potential price explosion to as high as $7. Altcoin Daily made optimistic forecasts about numerous cryptocurrencies at the start of the year, predicting that ADA’s valuation might reach $6.45 sometime in 2025. Meanwhile, Cardano is poised for significant advancements over the next 12 months that could drive its token’s price higher . To explore what’s planned , check out our detailed video below: The post Why Is the Cardano (ADA) Price Up Today? appeared first on CryptoPotato .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Key Metrics Indicate a 300% Surge for Shiba Inu, While This SHIB Competitor Aims for a 4800% Increase
Analysts monitoring Shiba Inu have identified classic bullish trends that could push SHIB to a price of $0.000081, marking a 300% rise. Meanwhile, a competitor to SHIB may see an astounding 4800% increase, surpassing Shiba Inu’s potential gains. This competitor is Rexas Finance (RXS) . Analysts attribute their prediction of a 4800% jump to the token’s focus on real-world asset tokenization. Currently, RXS is in its 11th presale stage, and demand has been robust, with presale phases selling out rapidly. Shiba Inu ( #SHIB ) eyes a 260% rally with analysts spotting classic bull patterns. Whale activity heats up as 220B SHIB moves off #Binance , signaling big interest. Breaking the $0.000029 resistance is key for SHIB’s $0.000081 target. pic.twitter.com/Z5Tiw3DgXa — TechTiynypen News (@TechTinypen) January 2, 2025 Shiba Inu Climbs 4.61%: Whale Movements Spark 300% Rally Predictions to $0.000081! With a current price of $0.00002371, SHIB has been on the rise, gaining 4.61% in the last 24 hours. Analysts are optimistic, identifying traditional bullish indicators that could propel the token to $0.000081. Breaking this key resistance level may trigger a 300% increase from its current price. The recent whale activity has sparked heightened interest in SHIB, as large investors have transferred 220 billion SHIB tokens off Binance. This surge in trading volume could fuel the anticipated price surge, supporting analysts` forecasts of a significant rally. Rexas Finance Presale Surpasses $35.8M: Revolutionizing Real-World Asset Ownership with 4800% Growth Potential! Rexas Finance is quietly revolutionizing asset ownership and trading. Specializing in real-world asset (RWA) tokenization, it offers investors fractional ownership in high-value assets like real estate, gold, and art. This approach democratizes investment opportunities traditionally reserved for institutional investors. Currently, RXS is priced at $0.175 in Stage 11 of its presale, having raised an impressive $35,889,886 towards a $41 million target. The strong demand for RXS reflects market confidence in the project’s vision and execution. Each presale stage sees price increases, prompting investors to act quickly before the official launch. Rexas Finance stands out with its commitment to security and transparency, alongside its diverse product offerings. The project has undergone a thorough audit by CertiK to ensure its smart contracts adhere to high-security standards. Furthermore, RXS is listed on leading coin market tracking platforms like CoinMarketCap and CoinGecko, enhancing its visibility among potential investors. The platform offers a range of tools to support asset tokenization and broaden investment access. With the Rexas Token Builder, anyone can create tokens without needing to code, and the Rexas Launchpad facilitates fundraising for tokenized projects. These features lower entry barriers for investors eager to explore real-world assets through blockchain. Analysts foresee significant growth for Rexas Finance in the coming months. They predict a 4800% increase in RXS, spotlighting it as a prime choice for altcoin investors. By focusing on real-world assets, the platform is tapping into a trillion-dollar market that remains underexplored by some competitors. RXS`s innovative approach to asset ownership and investment accessibility has drawn growing interest. Rexas Finance is transforming traditional investment norms by enabling fractional ownership of high-value assets, such as luxury real estate or precious commodities. This unique proposition is likely to attract a diverse range of investors seeking new opportunities in the crypto space. Conclusion While Shiba Inu shows potential for a 300% rise, Rexas Finance presents an exciting opportunity for investors by focusing on real-world asset tokenization, with analysts predicting a 4800% increase. As its presale stage progresses rapidly, with tokens currently priced at $0.175 in Stage 11, investors are encouraged to seize the moment, as a $370 investment in RXS could potentially grow to $17k. Website: https://rexas.com Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice. Crypto Potato
Toncoin (TON) Skyrockets 104% in Whale Moves Amid Market Shorts Liquidation
$127 million wiped out in shorts liquidations Crypto Potato
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