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What is the Reason for the Rise ADA, Will It Continue?


Midexmth

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Cardano's ADA token has experienced a remarkable 10% increase in the last 24 hours, reaching $0.90. But what's driving this sudden surge? Analysts point to a combination of factors, including the accumulation of whales, who now hold over $12 billion worth of ADA. On-chain activity is also high, indicating increasing interest from institutional investors.

 

*Will the Rise Continue?* Tagus Capital analysts believe that the momentum may be permanent, citing collaborations with the Trump administration for crypto-friendly policies. What do you think? Will Cardano's ADA continue to rise, or is this just a temporary surge? Share your thoughts!

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  • 3 months later...

Every asset that we can access in trading can either go up and down as well because of their demand and supply. As a trader we need to calculate the associated risks and have to make money either by buying any underlying asset or just selling it in the market protecting our capital and making profits simultaneously.  

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