๐๐๐
104,658 views
145 Discussing
Hot
Latest
See original
Happy sunday, you have lived in the spot and #LongPosition friends, #Bitcoin it did not fall today, it will fire tomorrow #๐๐๐ I think, let's see what will happen tomorrow. Since #ROSE will open the lock, I opened #shortPosition there. If Bitcoin flies tomorrow, I will start opening the 1st level short.
Cardano In 2024: ๐
After a spectacular climb of over 150% in 2023, Cardano (ADA) has reached a new yearly high, touching a peak of $0.67 for the second time last month.
Notably, the increase coincides with an impressive rise in important Cardano ecosystem components, with the leading Decentralized Exchange (DEX) Minswap witnessing an astounding 26,000% gain and drawing a sizable influx of new users.
On its one-day timeframe, Cardano, the eighth-largest cryptocurrency by market value, and currentlyย trading at $0.61,ย is now exhibiting optimistic signals. The digital currencyโs trajectory indicates that, despite a minor growth of 1.28% over the past week, a retest of the $1 threshold may occur soon.
Cardanoโs critical resistance zone, according to cryptocurrency expert LuckSide, is $0.60 to $0.67. There are two situations that could occur: an increase to $0.70 or a probable decrease to $0.40.
The Total Value Locked (TVL) chart shows that Avalanche C-Chain has the highest TVL, followed by Solana and then Cardano. However, all three blockchains have seen their TVL grow in recent months. Cardanoโs TVL has grown the most, from about 200 million on October 4, 2023 to about 800 million on January 1, 2024.
However, the growth in DEX volumes has been less pronounced than the growth in TVL. Cardanoโs DEX volumes have grown from about 10 million on October 4, 2023 to about 40 million on January 1, 2024.
Overall, the chart shows that Cardanoโs TVL and DEX volumes have grown in recent months, but they still lag behind those of Avalanche C-Chain and Solana. This suggests that Cardano is still making progress in the DeFi space, but it has not yet caught up to its competitors.
The present price movement of Cardano (ADA) is being supported by anย upward sloping trendline.ย If a collapse occurs, it would provide an opportunity for buyers who have been waiting on the sidelines to accumulate more. However, if there is a breakout above a significant obstacle, it might push ADA to higher level.
#ADA#Pump#๐๐๐
After a spectacular climb of over 150% in 2023, Cardano (ADA) has reached a new yearly high, touching a peak of $0.67 for the second time last month.
Notably, the increase coincides with an impressive rise in important Cardano ecosystem components, with the leading Decentralized Exchange (DEX) Minswap witnessing an astounding 26,000% gain and drawing a sizable influx of new users.
On its one-day timeframe, Cardano, the eighth-largest cryptocurrency by market value, and currentlyย trading at $0.61,ย is now exhibiting optimistic signals. The digital currencyโs trajectory indicates that, despite a minor growth of 1.28% over the past week, a retest of the $1 threshold may occur soon.
Cardanoโs critical resistance zone, according to cryptocurrency expert LuckSide, is $0.60 to $0.67. There are two situations that could occur: an increase to $0.70 or a probable decrease to $0.40.
The Total Value Locked (TVL) chart shows that Avalanche C-Chain has the highest TVL, followed by Solana and then Cardano. However, all three blockchains have seen their TVL grow in recent months. Cardanoโs TVL has grown the most, from about 200 million on October 4, 2023 to about 800 million on January 1, 2024.
However, the growth in DEX volumes has been less pronounced than the growth in TVL. Cardanoโs DEX volumes have grown from about 10 million on October 4, 2023 to about 40 million on January 1, 2024.
Overall, the chart shows that Cardanoโs TVL and DEX volumes have grown in recent months, but they still lag behind those of Avalanche C-Chain and Solana. This suggests that Cardano is still making progress in the DeFi space, but it has not yet caught up to its competitors.
The present price movement of Cardano (ADA) is being supported by anย upward sloping trendline.ย If a collapse occurs, it would provide an opportunity for buyers who have been waiting on the sidelines to accumulate more. However, if there is a breakout above a significant obstacle, it might push ADA to higher level.
#ADA#Pump#๐๐๐
Login to explore more contents