Ethereum

Rally

Cardano

TL;DR 
<ul> 
 <li>Cardano’s price soared to as high as $1.17, with market cap surpassing $40 billion amid bullish network indicators.</li> 
 <li>73% of ADA investors are now in profit, a sharp recovery from August’s lows when the majority of the token’s holders were underwater.</li> 
</ul> 
<h2 id="span-data-preserver-spaces-true-a-href-https-cryptopotato-com-wp-content-uploads-2024-12-ada_cb-16-jpg-data-wpel-link-internal-a-span"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/ADA_CB-16.jpg" data-wpel-link="internal"></a></h2> 
<h2 id="ada-heads-north">ADA Heads North</h2> 
The cryptocurrency market <a href="https://cryptopotato.com/crypto-markets-add-200b-daily-as-bitcoin-soars-past-100k-recovery-market-watch/" data-wpel-link="internal">experienced</a> a notable recovery in the past 24 hours, with multiple leading digital assets charting impressive gains. Bitcoin (BTC), for instance, jumped above $100,000 again, while Ethereum (ETH) is inching toward the $4K level.&nbsp; 
Cardano’s ADA is also one of the best performers, with its price pumping by almost 15% on a daily scale. At one point, the valuation reached $1.17 before stabilizing at its current $1.14 (per CoinGecko’s data). Meanwhile, ADA’s market capitalization surged above $40 billion, solidifying the asset’s presence among the top 10 biggest cryptocurrencies. 
<figure id="attachment_374453" aria-describedby="caption-attachment-374453" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/12/ADA-Price.png" data-wpel-link="internal"><img class="wp-image-374453" src="https://cryptopotato.com/wp-content/uploads/2024/12/ADA-Price.png" alt="ADA Price" width="579" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/ADA-Price.png 1038w, https://cryptopotato.com/wp-content/uploads/2024/12/ADA-Price-300x207.png 300w, https://cryptopotato.com/wp-content/uploads/2024/12/ADA-Price-1024x707.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/ADA-Price-768x530.png 768w, https://cryptopotato.com/wp-content/uploads/2024/12/ADA-Price-50x35.png 50w" sizes="(max-width: 579px) 100vw, 579px"></a>
 <figcaption id="caption-attachment-374453" class="wp-caption-text">
 ADA Price, Source: CoinGecko
 </figcaption>
</figure> 
Its most recent resurgence aligns with three bullish indicators. The first one is “Net Network Growth,” which, according to IntoTheBlock, has <a class="editor-rtfLink" href="https://app.intotheblock.com/coin/ADA" target="_blank" rel="noopener" data-wpel-link="external">risen</a> by 0.26% daily. The platform explains that the metric is a momentum signal “that gives a pulse of the true growth of the token’s underlying network.” 
Next on the list is “Concentration” (an indicator that measures daily changes in the positions of whales holding over 1% of the circulating supply and investors owning between 0.1% and 1%). The metric has climbed by 0.26%, entering the bullish zone.&nbsp; 
Last but not least, we will discuss “Large Transactions” (a technical tool showing the number of transactions greater than $100,000). The figure has risen by 0.52%, suggesting increased network activity.&nbsp; 
We recently released a video with some of the major developments surrounding Cardano. Check it out here: 
<div class="embed">
 <iframe src="https://www.youtube.com/embed/836wUDeiGVM" width="853" height="480" frameborder="0" allowfullscreen></iframe>
</div> 
<h2 id="span-data-preserver-spaces-true-ada-investors-in-the-green-span">ADA Investors in the Green</h2> 
Contrary to the aforementioned bullish elements, one is in bearish territory. This is the “InTheMoney” indicator,&nbsp;which displays the change in the number of ADA investors currently sitting on paper profits. 
As of writing these lines, 73% of all people exposed to the asset are <a class="editor-rtfLink" href="https://app.intotheblock.com/coin/ADA" target="_blank" rel="noopener" data-wpel-link="external">in the green</a>, 16% are underwater, and 11% are break-even. Despite the slight retreat, the percentage of profitable investors remains much higher than what was observed at the start of August this year.&nbsp; 
Back then, almost nobody holding ADA was sitting on paper profits due to <a class="editor-rtfLink" href="https://cryptopotato.com/almost-nobody-holding-cardano-ada-is-in-profits-following-todays-crypto-crash-data/" target="_blank" rel="noopener" data-wpel-link="internal">the token’s crash</a> below $0.30. At that point, a whopping 87.6% were in the red, while approximately 12% were break-even. 
The post <a href="https://cryptopotato.com/cardano-ada-jumps-by-15-daily-these-3-bullish-factors-suggest-a-further-rally/" rel="nofollow">Cardano (ADA) Jumps by 15% Daily: These 3 Bullish Factors Suggest a Further Rally</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Cardano (ADA) Jumps by 15% Daily: These 3 Bullish Factors Suggest a Further Rally

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