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Recently, the Crypto Assets market has shown a remarkable trend: ADA(Cardano) is attracting more and more investors to follow. Although some people remain skeptical, believing it lacks a substantial ecosystem, data shows that ADA performs excellently in every bull run, similar to the performance pattern of XRP.
From a technical analysis perspective, as long as ADA can maintain stability above $0.8 on the weekly chart, it is expected to continue to break upwards. Notably, on-chain data shows that the number of holding addresses continues to increase, growing from 100 million coins to 1 billion coins. Although the growth rate has begun to stabilize, it still reflects the ongoing confidence of investors.
For long-term investors, it is crucial to choose Crypto Assets that have solid fundamental support. For short-term traders, it may be more appropriate to follow market sentiment in their operations.
It is worth mentioning that Ethereum (ETH) has recently broken through the $4600 mark, showing strong interest from institutional investors. At the same time, the upcoming CPI data may have a significant impact on the entire Crypto Assets market, and investors should closely follow this economic indicator.
In the current complex and ever-changing Crypto Assets market, carefully assessing various factors, including technical analysis, on-chain data, and macroeconomic indicators, will help investors make more informed decisions.