{"id":143023,"date":"2024-11-23T16:00:28","date_gmt":"2024-11-23T14:00:28","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143023"},"modified":"2024-11-23T15:59:15","modified_gmt":"2024-11-23T13:59:15","slug":"cardano-hits-1-for-the-first-time-in-two-years-signaling-strong-market-momentum","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/cardano-hits-1-for-the-first-time-in-two-years-signaling-strong-market-momentum\/","title":{"rendered":"Cardano Hits $1 for the First Time in Two Years, Signaling Strong Market Momentum"},"content":{"rendered":"<p>Currently trading at $1.09, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/cardano\/\">ADA<\/a> <\/strong>has surged by 23% in just 24 hours, with its trading volume spiking by 83% during the same period. This strong upward momentum suggests that the rally could continue as buying pressure intensifies.<\/p>\n<p>As ADA climbs past the $1 mark, many holders are seeing profits. According to the Global In\/Out of the Money indicator by IntoTheBlock, 71% of ADA holders, equating to 3.15 million addresses, are now \u201cin the money,\u201d meaning their holdings are worth more than the price at which they purchased them.<\/p>\n<p>However, about 16% of ADA holders, or 715,230 addresses, are \u201cout of the money\u201d and would incur losses if they sold at the current price, as they acquired their tokens when ADA was priced above $1.40.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-143003\" href=\"https:\/\/cryptodnes.bg\/en\/ex-goldman-sachs-exec-shares-positive-outlook-on-xrp-amid-legal-challenges\/\" title=\"Ex-Goldman Sachs Exec Shares Positive Outlook on XRP Amid Legal Challenges\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/coin_xrp-continues-drop-big-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Ex-Goldman Sachs Exec Shares Positive Outlook on XRP Amid Legal Challenges<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Interestingly, the price rise has prompted long-term holders to start moving their assets. This shift is evident in the spike in ADA\u2019s age-consumed metric, which hit a monthly high of 86.91 billion on November 22, signaling a potential trend change.<\/p>\n<p>Long-term holders typically keep their coins stashed away, so when they do transfer or sell them, it often signals a shift in market dynamics. This activity, combined with rising trading volume and price momentum, could drive further upward movement, attracting new buyers into the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano\u2019s native token, ADA, has broken a significant price barrier, reaching over $1 for the first time in two years.<\/p>\n","protected":false},"author":7,"featured_media":39028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[108],"coin_category":[],"class_list":["post-143023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cardano&#039;s ADA Surpasses $1, Fueling Profits and Potential for Further Gains<\/title>\n<meta name=\"description\" content=\"Cardano\u2019s native token, ADA, has broken a significant price barrier, reaching over $1 for the first time in two years.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/cardano-hits-1-for-the-first-time-in-two-years-signaling-strong-market-momentum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano&#039;s ADA Surpasses $1, Fueling Profits and Potential for Further Gains\" \/>\n<meta property=\"og:description\" content=\"Cardano\u2019s native token, ADA, has broken a significant price barrier, reaching over $1 for the first time in two years.\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-23T14:00:28+00:00\" 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