SNEK surges 20% after Tier 1 CEX listing, with 78% increase in trading volume.
On-chain data shows a 25% rise in SNEK transactions, reflecting growing investor interest.
Technical indicators suggest continued growth, with RSI at 68 and increased staking activity.
SNEK is thriving after news of a potential Tier 1 exchange listing. The Cardano Native Asset has surged by 20%, signaling growing investor interest. With a rapid increase in 24-hour trading volume, SNEK is approaching 3 million ADA in activity. This development marks a key milestone for the Cardano ecosystem, reflecting the token’s increasing prominence. As trading volumes spike, SNEK's momentum is reaching new heights, and many traders are now keeping a close eye on its price movement.
https://twitter.com/TapTools/status/1915803013584666950 SNEK’s Meteoric Rise Following Tier 1 Listing Announcement
The announcement of SNEK’s potential listing on a Tier 1 exchange has sparked significant excitement. The price of SNEK rose 15.3% within 24 hours, moving from $0.0012 to $0.00138. Trading volume surged by 78%, reaching $1.2 million across major pairs like SNEK/USDT and SNEK/ADA. This uptick comes as Cardano-based tokens continue to draw attention. On-chain data reveals a 25% jump in SNEK transactions, with 8,500 trades completed within the same period.
Dave, a well-known Cardano community member, expressed optimism on Twitter about the listing’s potential. He believes this could be a game-changer for Cardano Native Assets. Even ADA, the native token of Cardano, saw a slight uptick of 4.2%, rising to $0.42. The increase in both SNEK and ADA highlights a strong correlation between ecosystem developments and token performance. If confirmed, the Tier 1 listing could attract institutional investors, pushing SNEK’s market cap—currently at $95 million—to new levels.
Strong Technical Indicators Support Continued Growth
SNEK’s technical chart paints a promising picture. The Relative Strength Index has climbed to 68, nearing overbought territory but still showing room for growth. The Moving Average Convergence Divergence (MACD) has turned positive, confirming strong upward momentum. SNEK’s volume is also supportive of the trend, with $350,000 in 24-hour trading on Bitget for the SNEK/ADA pair.
This reflects a 65% increase from the previous day, signaling heightened investor confidence.Staking activity for SNEK has also seen a rise, with 22 million tokens staked. This increase in staking suggests that long-term holders are confident in the asset's future prospects. For those looking at SNEK’s price predictions for 2025, these bullish technical indicators indicate that the token may continue its rally.
While no direct AI influence has been linked to SNEK, broader trends in AI-driven trading could further fuel its growth. As SNEK continues to gain momentum, its journey from a Cardano Native Asset to a top-tier asset looks promising. Traders and investors alike should keep a close watch on developments, as this token’s rise is far from over.
