ADA is on fire!!! Open interest skyrocketed to 893.31 million, reaching a new peak
Driven by bullish market sentiment, Cardano (ADA) has once again broken through the $1 threshold, rising 9.7% in the past 24 hours, attracting widespread attention. The surge in open interest (OI) has become an important signal of confidence, with data showing that futures traders are committed to purchasing 893.31 million ADA, amounting to approximately $953.47 million at current market value. This figure is close to historical highs, indicating sustained market confidence in ADA.
Among them, Binance leads with a market share of 33.74%, with open interest valued at over $320 million. Bybit and Bitget follow closely, accounting for 28.25% and 17.92% respectively. In terms of price movement, ADA briefly reached a high of $1.116 before pulling back to the $1.06 range, demonstrating strong resilience amidst market volatility.
Looking ahead, market analysts anticipate that ADA is likely to retest the $1.20 level in January. Based on the average monthly growth rate of 20.4% over the past seven years, history may repeat itself. Meanwhile, Charles Hoskinson's commitment to future innovations in blockchain, including dApps upgrades and the expansion of Bitcoin DeFi, further instills confidence in ADA's long-term development.
A new round of gains has begun; are you ready to seize this opportunity? Follow Mr. Qiu and embark on this journey together, making profits no longer a distant dream!
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