Cardano (ADA) has surpassed half a billion dollars in futures trading volume, showing a 29% increase in the last 24 hours, according to CoinGlass data. This increase indicates significant growth in interest in ADA perpetual futures. CoinMarketCap stated that Cardano's spot transaction volume reached $466 million on exchanges, and the total transaction volume is almost approaching $1 billion.
Tendency towards Speculative Transactions
This significant increase in futures trading volume indicates that investors are increasingly interested in speculative transactions and are seeking short-term gains rather than long-term investments. Relatively modest changes in spot market activity also support this trend. Instead of waiting for ADA's future value increase, investors aim to benefit from rapid price movements with futures transactions.
The overall cryptocurrency market has experienced significant volatility as investors actively maneuver the ADA futures market. According to CoinGlass data, nearly a quarter of a billion dollars worth of positions have been liquidated in the last 24 hours. 66% of these liquidations consisted of long positions, meaning bullish investors suffered the biggest losses during this period.
Bitcoin and Ethereum Lead the Way in Liquidations
As expected, Bitcoin and Ethereum led the way in these liquidations, eroding the deposits of optimistic investors. In the context of Cardano, the impact was less pronounced but still significant. Of the $400,000 position liquidated, $350,000 (87.5%) was held by the bulls. This statistic emphasizes that speculative transactions can lead to huge financial losses in volatile market conditions.
The Rising Role of ADA$ADA
The increase in ADA derivative trading volume amidst overall market turmoil highlights Cardano's emerging role within speculative trading strategies. Despite greater challenges facing the cryptocurrency market, activity in Cardano futures has remained strong. This trend reflects the continued interest in ADA, especially in uncertain times when investors may want to hedge against market imbalances or take advantage of anticipated price fluctuations.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
