π½π #ETF CoinShares International announced the launch of the CoinShares Altcoins ETF (DIME) exchange-traded fund in the U.S. market, which includes: Solana (#SOL), Polkadot (#DOT), Cardano (#ADA), Cosmos (#ATOM), Sei (#SEI), Avalanche (#AVAX), Sui (#SUI), Aptos (#APT), Near Protocol (#NEAR) and Toncoin (#TON).
π #ADA Santimant: Cardano's key stakeholders have accumulated big since its drop below $0.50 last week. In the past 4 days alone, whales and sharks have:
β Accumulated 348M ADA ($204.3M);
β Accumulated 0.94% of ADA supply.
β Accumulated 348M ADA ($204.3M);
β Accumulated 0.94% of ADA supply.
π Santiment: the vast majority of cryptocurrencies are struggling right now with average trading yields. Wallets active in the last 30 days are showing average returns:
- Cardano #ADA: -19.7% (Extreme Buy Zone);
- Chainlink #LINK: -16.8% (Extreme Buy Zone);
- Ethereum #ETH: -15.4% (Extreme Buy Zone);
- Bitcoin #BTC: -11.5% (Good Buy Zone);
- XRP Ledger #XRP: -10.2% (Good Buy Zone).
- Cardano #ADA: -19.7% (Extreme Buy Zone);
- Chainlink #LINK: -16.8% (Extreme Buy Zone);
- Ethereum #ETH: -15.4% (Extreme Buy Zone);
- Bitcoin #BTC: -11.5% (Good Buy Zone);
- XRP Ledger #XRP: -10.2% (Good Buy Zone).
π Santiment: the lower the 30-day MVRV (average coin circulation time), the lower the risk of opening or increasing a position in short-term trading.
Negative values mean that average traders are losing money and there is an opportunity for the token to catch up. Positive values mean that average traders are making profits, and there is a risk of the token holding on because of the profits of other participants.
How the average trading returns are doing:
- #BTC: +2.4% (Neutral);
- #ETH: +7.2% (Slightly Overvalued);
- #XRP: -6.1% (Slightly undervalued);
- #LINK: -0.3% (Neutral);
- #ADA: -4.4% (Neutral).
Negative values mean that average traders are losing money and there is an opportunity for the token to catch up. Positive values mean that average traders are making profits, and there is a risk of the token holding on because of the profits of other participants.
How the average trading returns are doing:
- #BTC: +2.4% (Neutral);
- #ETH: +7.2% (Slightly Overvalued);
- #XRP: -6.1% (Slightly undervalued);
- #LINK: -0.3% (Neutral);
- #ADA: -4.4% (Neutral).
πΊπΈ #ADA Cardano creator Charles Hoskinson said that the Trump administration has put the American crypto industry in a worse position than under Biden. He criticized the Trump administration for launching #TRUMP, #MELANIA, and politicizing cryptocurrencies, and noted that ineffective governance and a lack of clear rules undermine bipartisan progress in the legislative sphere. He warned that cryptocurrencies now risk being perceived as corrupt and tied to partisan interests.
π #ADA Santiment: Cardano's smart money wallets have been quietly accumulating while the token's price is suppressed.
π³ In 2 months, wallets with 100K-100M coins have added 454.7M $ADA (+$161,420,000)
π¦ In 3 weeks, wallets with 100 or less coins have dumped 22.0K $ADA (-$7,810)
π³ In 2 months, wallets with 100K-100M coins have added 454.7M $ADA (+$161,420,000)
π¦ In 3 weeks, wallets with 100 or less coins have dumped 22.0K $ADA (-$7,810)
π³π¦ #ADA Santiment: Cardano's key whales & sharks have quietly been accumulating over the past 6 months. While its price has fallen over 71% from $0.90 to $0.26, wallets with 100K-100M ADA have added +819.4M more ADA ($213.9M) & +1.6% of the total supply.
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π³ #ADA Santiment: Wallets with at least 1 million Cardano now collectively hold 25.11B ADA, their highest amount since December, 2017. They are back up to 67.49% of the supply held, their highest level since July, 2020.
π£ #ADA Charles Hoskinson says Cardanoβs scaling roadmap could make the network 60 times faster before the end of the year.
π #ADA Cardano Activates First Hard Fork Approved Entirely Through Onchain Governance
Cardanoβs Van Rossem hard fork has activated Protocol Version 11, marking the networkβs first upgrade approved entirely through onchain governance. The upgrade introduces new Plutus capabilities and cost-model improvements intended to lower smart-contract execution costs, while laying technical groundwork for the Dijkstra era.
Cardanoβs Van Rossem hard fork has activated Protocol Version 11, marking the networkβs first upgrade approved entirely through onchain governance. The upgrade introduces new Plutus capabilities and cost-model improvements intended to lower smart-contract execution costs, while laying technical groundwork for the Dijkstra era.
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