• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Bitcoin Exchange Reserves Hit All-Time Low, Indicating Supply Shock

    Bitcoin Exchange Reserves at All-Time Low in 2025

    BTC Exchange Reserves Hit Record Lows on Centralized Platforms

    Bitcoin Exchange Reserves Drop to Historic Lows

    BlackRock Bitcoin ETF Sees Record $430M Outflow

    BlackRock’s IBIT Experiences Record $430M Bitcoin Outflow

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Vitalik Buterin Plans to Scale Ethereum Tenfold by 2025

    Vitalik Buterin Plans Ethereum Scaling to 100,000 TPS

    Vitalik Buterin Plans Major Ethereum Scaling Boost

    Ripple CEO Urges Crypto Unity, Addresses Bitcoin Tensions

    Ripple CEO Calls for Crypto Community Unity

    Brad Garlinghouse Urges Crypto Unity at XRP Las Vegas

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Cardano Eyes $1.20 Amidst Rising Open Interest

Anca F. by Anca F.
May 10, 2025
in Altcoin News
Key Takeaways:
  • Cardano aims for $1.20 amidst open interest surge.
  • ADA’s open interest nears $1 billion, boosting investor excitement.
  • Community growth and staking activity rise alongside price momentum.
cardano-eyes-1-20-amidst-rising-open-interest
Cardano Eyes $1.20 Amidst Rising Open Interest

Cardano, led by founder Charles Hoskinson, experiences a significant market event as its native token ADA approaches the $1.20 mark, driven by nearly $1 billion in open interest growth.

The current developments around Cardano and its rising open interest indicate increasing market confidence and interest from institutional traders. The events highlight the potential for ADA’s price to break $1.20, a crucial psychological level.

Cardano’s native token ADA has experienced a 16% rise, breaking the $0.74 resistance level as open interest in derivatives nears the $1 billion milestone. Market participants eye the $1.20 price target with keen interest.

ADA’s recent price movement follows a period of 60 days of consolidation. Charles Hoskinson, the founder, hasn’t released statements regarding the rally. Nonetheless, the open interest surge suggests strong market support.

The speculative demand has drawn institutional traders, reflected in the high open interest figures. Cardano’s community engagement is on the rise, evidenced by increased staking and on-chain activities.

The financial impact involves increased speculative trading on ADA. Institutional interest suggests a broader market shift. Charles Hoskinson’s absence from commentary doesn’t diminish Cardano’s current market focus as it leads altcoin performance.

Potential effects include a heightened focus on Cardano’s technological developments and staking practices. Historical patterns suggest that passing the $1.20 mark could lead to a price reversal unless reinforced by sustained market interest.

The rise in ADA’s open interest and price reflects broader market sentiment, potentially affecting other large-cap altcoins. The current rally may prompt increased investment and staking in Cardano if it breaks and holds the $1.20 level.

The current Cardano rally and open interest spike are primarily linked to market dynamics and on-chain activity, not to new partnerships, technology releases, or direct official announcements from founders or development teams.
Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Cardano Targets $1.20 as Market Interest Grows

Next Post

BlackRock Bitcoin ETF Acquires 3,450 BTC, Influencing Market Trends

Anca F.

Anca F.

Related Posts

Vitalik Buterin Plans to Scale Ethereum Tenfold by 2025

by Solomon M.
June 2, 2025

Vitalik Buterin outlines Ethereum's 10x scalability plan, focusing on Layer-2 solutions and blob scaling.

Vitalik Buterin Plans Ethereum Scaling to 100,000 TPS

by Solomon M.
June 2, 2025

Vitalik Buterin announces plans to scale Ethereum to 100,000 transactions per second in 2025.

Vitalik Buterin Plans Major Ethereum Scaling Boost

by Solomon M.
June 2, 2025

Vitalik Buterin reveals Ethereum strategy for scaling 10X with new L1 and L2 techniques.

Ripple CEO Urges Crypto Unity, Addresses Bitcoin Tensions

by Solomon M.
June 1, 2025

Ripple's Brad Garlinghouse urges unity among XRP and Bitcoin communities during XRP Las Vegas 2025 conference.

Ripple CEO Calls for Crypto Community Unity

by Solomon M.
June 1, 2025

Ripple CEO Brad Garlinghouse emphasizes Bitcoin collaboration at XRP Las Vegas 2025.

Brad Garlinghouse Urges Crypto Unity at XRP Las Vegas

by Solomon M.
June 1, 2025

Brad Garlinghouse advocates for crypto unity, addressing Bitcoin rivalry, at XRP Las Vegas.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.