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CHarbelG
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$ADA
in the short term we have resistance points up to and including $1.97 and long term resistance at the all-time high of $3.09.
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$ADA
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Cardano's Significant Move Towards Community-Driven Governance The Cardano community has strongly endorsed a new constitution, with 95% of votes in favor. This approval represents a key moment in the evolution of Cardano's governance, designed to strengthen decentralization and encourage greater involvement from $ADA holders, the network's native token.
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US-based spot Bitcoin Exchange-Traded Funds (ETFs) have already accumulated more than 1.1 million Bitcoin $BTC , surpassing the holdings of Bitcoin's creator, Satoshi Nakamoto. This milestone has been achieved in less than a year, positioning these ETFs as the largest Bitcoin holders globally. The rapid accumulation highlights the growing institutional adoption of Bitcoin through regulated financial products, as well as the increasing demand for exposure to the cryptocurrency in a secure and accessible way. This shift marks a significant moment in the evolution of Bitcoin's financial ecosystem.
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Cardano ($ADA ) has achieved a significant milestone by topping 100 million transactions. The Epoch 529, named after Epoch 529 , plan provides the best opportunity for the SPOs and ICC to vote to ratify the hard fork in January 2025, as ratification and enactment can occur at any Epoch boundary between Jan. 4 and 29, 2025. The Cardano constitution was recently approved, marking a major milestone for both Cardano and the broader crypto industry. The next step is for the Cardano community to decide whether to ratify it, with the proposal expected to be submitted on-chain in January 2025.
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The closest resistance level for $ADA is at $1.35. If it successfully surpasses this, the next target could be $1.64, offering a potential upside of about 30% from the current price. The Relative Strength Index (RSI) is below the overbought zone, suggesting there may be further room for growth. Meanwhile, the stochastic indicator signals potential for continued movement, and with the MACD slightly negative, some consolidation might occur before another upward move. Investors are keeping a close eye on the altcoin season, which could drive $ADA to new highs.
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As the cryptocurrency market shifts its attention from Bitcoin to altcoins, Solana $SOL has become a prominent player. Reports indicate that the SEC is set to begin its initial review of multiple Solana-based ETF applications as soon as January 2025. All attention is on Solana.$SOL
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