$ADA has been lingering for so long, but finally got up. Recently, I have also been slowly buying alongside large holders on the chain. The biggest criticism of ADA right now is that everyone thinks ADA is a worthless coin with no ecosystem, but every bull market, ADA will rally, just like XRP, and it will not miss the market. The reason I chose ADA is that I have my own logic.

First, from a technical mid-term trend perspective, as long as the weekly level can stabilize above 0.8, there is still an opportunity to challenge 1 dollar and even higher at the 1.2 zone (this area is a critical zone of concentrated chips on a larger scale).

In terms of on-chain data, addresses holding between 10 million and 100 million ADA have been continuously increasing since the beginning of the year; while addresses holding between 100 million and 1 billion have been accelerating accumulation since last October, and this year has remained stable overall, with no significant reduction actions observed so far.

Combining the technical aspect and on-chain data, the overall trend is still worth looking upwards, and there has been no large-scale chip selling situation.

The strategies I provide for altcoins are all supported by certain fundamentals, especially for those doing long-term investments, it is important to make good choices; for short-term, just follow market sentiment and speculate accordingly.