Adjust to increase further - Exit to re-enter to optimize profits
Although it will lose the fun you had at the beginning and increase the risk level, but in this market there is always risk, the important thing is that in this market trend, you know where to enter and where to exit to optimize profits. However, this point of view conflicts with the point of holding and only taking profit at the end of the wave, so this is just a reference opinion, not investment advice. DYOR
Extra information
Cardano's ADA is up over 10% in 24 hours, driven by increased network activity, DeFi expansion, and bullish momentum.
ADA Targets $1.20
Cardano (ADA) is on a bullish streak, rising more than 10% in the past 24 hours to trade at $1.15, a multi-year high. This follows a 250% rally this month, making ADA a standout performer in November.
Key Factors Behind the ADA Price Surge
1. Launch of Smart Contracts (ZK)
Cardano has reached a major milestone with the successful deployment of zero-knowledge (ZK) smart contracts on its mainnet. Using Halo 2 zk-SNARK technology, the development promises to improve the blockchain’s scalability and security. Allowing complex transactions to be simplified into smaller, verifiable components, marking a breakthrough for Cardano’s DeFi ecosystem.
2. Total Locked Value (TVL) Increase
TVL Growth: Cardano TVL Increased 200% in November,
3. Network Activity and Price Momentum
The ADA/BTC ratio hit a nine-month high on November 23, up 148% from its 2022 low. $ETH
