Cardano has witnessed an extraordinary surge in fund inflows, recording a 1,016% increase in ADA-oriented investment products within one week.
As of Feb. 12, the most recent report on digital asset fund flows by CoinShares reveals highlights a $6.1 million influx, making ADA one of the top contenders in the cryptocurrency market.
This surge in funding comes at a very important time for Cardano. It ranked third in trading volume last week, after Bitcoin and Ethereum. So far this year, ADA has raised an impressive $11 million. Its popularity is still growing.
Of particular note, this surge in fund inflows aligns with a notable analysis by Ali Martinez, a prominent crypto analyst. According to Martinez, ADA has a significant area of support between $0.54 and $0.56. A lot of addresses in this area hold about two billion ADA. Crypto analysts stated that getting over this obstacle could lead to a move up towards $0.68.
#Cardano faces a formidable obstacle between $0.54 and $0.56, a zone where nearly 50,000 addresses hold approximately 2 billion $ADA. Overcoming this resistance could pave the way for a bullish move toward $0.68! pic.twitter.com/SZJuDe5UQg
— Ali (@ali_charts) February 11, 2024
Martinez expressed that ADA’s price would increase by 26% if his prediction came true.
Singapore, 9th May 2025, ZEX PR WIRE, WEMIX, the blockchain-powered gaming platform by WEMADE, has…
The second day of the annual event put the spotlight on governments, with top officials…
Dubai, UAE, 8th May 2025, ZEX PR WIRE, SANS Institute, the global leader in cybersecurity training…
Industry-First Solution Sets a New Standard for Attack Surface Reduction and Endpoint Security Through Dynamic,…
Engineering Enterprise Resilience with the Latest OT Cybersecurity Solutions Dubai, UAE, 8th May 2025, ZEX…
The company reinforces its leadership by scaling regional support, strengthening alliances and empowering local customers…