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.
In a market flooded with mass-produced designs and influencer-driven hype, a new contender is emerging…
London, UK, 27th June 2025, Arbra Partners Group (“Arbra”), the global financial services company, has…
London, UK, 27th June 2025, ZEX PR WIRE, Calyptus, the hiring platform known for verifying…
British Virgin Islands, BVI, 26th June 2025, ZEX PR WIRE, In an era where every second…
Paranaque City, Philippines, 26th June 2025, ZEX PR WIRE, Bety, the innovative crypto casino and…
Innovative Project Merges Meme Culture with Institutional Security, Sustainable Tokenomics, and Community Governance Goiânia –…