Coinbase’s recent filing to introduce Cardano (ADA) futures could significantly attract institutional traders and enhance market liquidity. Concurrently, Shiba Inu (SHIB) whales are taking a divergent route. On-chain data reveals a 70% reduction in whale transactions, triggering concerns over falling liquidity and negative impacts on SHIB’s price.
While SHIB whales are retreating, BlockDAG (BDAG) is experiencing the reverse trend. Whales have been accumulating BDAG, driving its presale over $207 million, and with 10 leading centralized exchanges poised to list the coin, demand is expected to climb even more. BDAG is viewed as the best crypto for higher returns, with projections of reaching $1 by 2025 and $30 by 2030 seen as attainable goals.
Cardano (ADA) Futures Approach as Coinbase Submits to CFTC
Coinbase has formally submitted to the Commodities Futures Trading Commission (CFTC) for approval to launch Cardano (ADA) futures, signifying a pivotal move for the cryptocurrency in the derivatives market. The submission, which also covers natural gas futures, aims to heighten institutional participation in ADA trades.
Coinbase anticipates feedback on the approval by March 31, but the final listing date is still to be determined. After the news broke, excitement over upcoming Cardano (ADA) futures sparked a bullish reaction, with ADA’s price increasing by 5.63% before leveling off. Charles Hoskinson, founder of Cardano, acknowledged this milestone, highlighting the growing integration of ADA-related financial products into mainstream markets.
Shiba Inu Whales Retreat as Transactions Plunge 70%
New data shows a stark decline in Shiba Inu (SHIB) whale activity, with transactions from large holders falling 70% over the last month. On-chain analytics further indicate a 73% decrease in large-holder outflows and an 85% reduction in inflows, pointing to a weaker market stance.
This reduced activity from Shiba Inu (SHIB) whales has led to lower liquidity, complicating the possibility of a price rebound. SHIB is currently trading around a crucial support level at $0.000012, and ongoing selling pressure might push it down to $0.000010.
BlockDAG Set for Major Expansion with 10 CEX Listings — What’s Next?
BlockDAG is poised for significant growth with 10 top centralized exchanges (CEXs) preparing to list BDAG. This move is expected to attract more traders, increase transaction volume, and bring new liquidity to the market. Whales have been actively acquiring BDAG during its presale, and this trend is likely to intensify once it becomes available on these exchanges.
The visibility on exchanges often draws in both institutional holders and high-volume traders, positioning BDAG in a prime spot for increased demand. When demand rises, prices typically follow, which is a key point of interest for many watching BDAG’s progress.
The success of the crypto’s presale highlights its popularity, having raised $207 million with over 18.9 billion coins sold so far. Prices have soared by 2380%, from $0.001 in the first batch to $0.0248 in batch 27, providing substantial returns to early holders.
Already, over 170,000 holders have secured BDAG before its exchange debut, indicating strong market confidence. As the listing dates approaching, anticipation is building among traders, who are keen to see how BDAG will perform in the broader market.
Many regard BDAG as one of the best crypto for higher returns, anticipating that upcoming listings will further drive its value. With added liquidity and visibility expected soon, projections for BDAG reaching $1 by 2025 and $30 by 2030 are increasingly viewed as realistic. The coming months will be pivotal as BDAG hits the market and responds to this increased accessibility.
Final Say
While Cardano (ADA) futures are pending regulatory clearance, they are anticipated to enhance liquidity and influence ADA’s price positively in the near future. Conversely, Shiba Inu (SHIB) whales have been reducing their holdings, prompting concerns about SHIB’s capacity to maintain its momentum in the absence of significant buyers.
Amidst varying fortunes for ADA and SHIB, BlockDAG is on an upward trajectory. The imminent listings of BDAG on ten CEXs are likely to make it more accessible and could trigger a demand spike as both traders and institutions take note.
The impressive $207 million raised in the presale demonstrates significant market interest, and once BDAG is available live, its price movements could accelerate. Analysts currently view BlockDAG as the best crypto for higher returns, with forecasts suggesting a potential rise to $30 by 2030, starting from its current price of $0.0248 in batch 27.
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