The crypto market keeps surprising traders. Cardano (ADA) has seen a 50% pump due to increasing whale accumulation, yet questions persist regarding the sustainability of this growth. Meanwhile, the Dogecoin network activity has plummeted 95% since late 2024, raising concerns among investors. BlockDAG's partnership with Inter Milan has drawn attention and led to a successful presale.
Cardano: Can ADA Sustain Its Gains?
The Cardano price forecast shifted after ADA surged over 50% in the past 24 hours. ADA briefly crossed $1.145 before slipping back below $1. Analysts attribute this to increased token accumulation by large holders, who have accumulated over 200 million ADA tokens. Technical indicators suggest that the rally may have been short-lived, with potential for a drop towards $0.90 without continued buying pressure.
Dogecoin Network Activity Drop: Cause for Concern?
The Dogecoin network activity drop has caught analysts' attention, with data showing a 95% reduction in active addresses. Late 2024 saw active addresses fall from 2.66 million to just over 130,000. This drop coincided with Dogecoin's price fluctuations, sparking concerns about weakening demand. Long-term holders have decreased, while speculative short-term traders have increased, underlining the shift in market sentiment.
Impact of BlockDAG’s Inter Milan Deal
BlockDAG has made a splash on the global stage by partnering with Inter Milan, one of football's biggest teams. Such a partnership not only raises brand visibility but also solidifies its status in the crypto world. The presale has raised over $200.5 million, with early backers enjoying a 2380% ROI. Moves like these enhance trust in the project and create a positive outlook for its future development.
Cardano's price forecasts remain debated after ADA’s rapid surge and pullback, while the continued DOGE network activity drop raises concerns. BlockDAG's partnership with Inter Milan confirms its growing influence and popularity.
