Topic: What is the Reason for the Rise of ADA (Cardano), Will It Continue? (Read 9 times)
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It's not just ADA but so many other altcoins are experiencing a sharp uptrend in regards to the bullish movement of Bitcoin. You need to understand that Bitcoin is like a driving force that also helps the price of other coins to surge high too depending on the circle we are in. If the price of Bitcoin becomes bearish you will also see the price of so many other tokens dropping.
Cardano's ADA token has experienced a remarkable 10% increase in the last 24 hours, reaching $0.90. But what's driving this sudden surge? Analysts point to a combination of factors, including the accumulation of whales, who now hold over $12 billion worth of ADA. On-chain activity is also high, indicating increasing interest from institutional investors.
Will the Rise Continue?
Tagus Capital analysts believe that the momentum may be permanent, citing collaborations with the Trump administration for crypto-friendly policies. What do you think? Will Cardano's ADA continue to rise, or is this just a temporary surge? Share your thoughts!
Will the Rise Continue?
Tagus Capital analysts believe that the momentum may be permanent, citing collaborations with the Trump administration for crypto-friendly policies. What do you think? Will Cardano's ADA continue to rise, or is this just a temporary surge? Share your thoughts!
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