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Crypto analyst and trader Dan Gambardello expressed his long-standing belief in Cardano’s (ADA) potential for mass adoption.
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Analysts at Glassnode arrived at this level after focusing on active Bitcoin investors and removing coins that are lost forever.
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The analyst was always vocal about Cardano’s future prospects as a value investor, envisioning a time when the blockchain platform would boast a solid infrastructure that was secure, scalable, and decentralized.
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Looking at the charts, the MACD line is above the signal line, indicating that the SAND is experiencing a bullish trend in a short-term period.
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The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA.
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The Supply in Profit and Loss Ratio soared to a staggering value of 554.5, indicating a much higher degree of profitability in the market.
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