Bitstamp has partnered with Spanish banking giant BBVA to launch Bitcoin and Ethereum trading in Spain. This move allows BBVA’s retail customers to buy and sell crypto directly through the bank’s mobile app. Bitstamp, now owned by Robinhood, provides the regulated infrastructure and liquidity behind the service. The partnership marks a big step in making crypto more accessible through traditional banks, offering users a secure and simple way to invest in digital assets without leaving their banking platform.
Several theories are touting Cardano price to clinch $10 but critics are tagging the projections as outlandish. However, one cryptocurrency analyst has picked up the gauntlet to rationalize the claims of ADA reaching $10 during this cycle, citing a slew of factors.
Cardano Price To $10 Is In Play
Cryptocurrency analyst Dan Gambardello has reiterated claims that Cardano price is headed to $10 in this cycle. According to his analysis, Gambardello poked a hole through the barrage of criticisms leveled against ADA optimists backing the asset to reach $10.
Gambardello began his analysis with key ADA fundamentals, citing its speed, decentralization, scalability, and security standards. He points to incoming Bitcoin DeFi and the potential unlocking $2 trillion opportunity for Cardano. The recent Cardano Lace Wallet retrofitted with multichain functionality specifically for the Bitcoin blockchain underscores the point.
The analyst turns his gaze to the impending end of quantitative tightening and the start of quantitative easing by the Federal Reserve and its potential for cryptocurrencies. According to Gambardello, the move signals a major “bullish catalyst” for ADA given the uptick of liquidity flooding the market.
Gambardello bolsters his argument with ADA’s inclusion in the Digital Asset Stockpile as proof of Cardano’s price climbing to $10.
ADA Trading at $10 Is Not A Crazy Idea
At the moment, ADA is trading at $0,70, a far cry from the projected $10. However, Gambardello argues that the Cardano price can clinch reach $10 given its positives.
“A $10, $350 billion market cap sounds crazy to a lot of people, I understand,” said Gambardello. “But I will not ignore the possibility of it just because it sounds crazy.@
The analyst goes on to cite Cardano’s run to reach an all-time high, surging from $0.3 to $3.09 back in 2021. Gambardello says that at the time Cardano price climbed by nearly 1,000% without smart contracts or an inclusion into the Digital Asset Stockpile.
A move toward $10 represents a 1,300% jump for ADA which Gambardello says is within reach given Ethereum’s price action during the last bull run. While Gambardello did not give a clear timeline, he disclosed that multiple ADA retracements are a real possibility before the final march to $10.
Cardano (ADA), after experiencing a notable price drop yesterday, is recovering as the asset has successfully retested the crucial support area of $0.70. Despite the ongoing recovery, the asset has still recorded a price drop of over 8% in the past 24 hours and is currently trading near $0.744.
Cardanon (ADA) Technical Analysis and Upcoming Levels
According to expert technical analysis, ADA is poised for a potential price surge in the coming days. After successfully retesting the crucial support level, the asset has begun moving upward.
Based on recent price action and historical momentum, if ADA holds this support level, there is a strong possibility it could soar by 10% to reach the $0.81 level in the upcoming hours.
Source: Trading View
Currently, the asset is facing resistance from the 200 Exponential Moving Average (EMA) on the four-hour time frame. If it breaches this level, ADA could reach the predicted target soon.
Liquidation Levels & Market Impact
With this ongoing price recovery, traders’ short positions worth $6.67 million are on the verge of liquidation as the price continues to recover.
As of now, the major liquidation levels are near $0.728 on the lower side and $0.754 on the upper side, as intraday traders are over-leveraged at these levels. However, these over-leveraged positions will be liquidated if the asset’s price moves in either direction.
Source: Coinglass
$25 Million ADA Outflow Signals Accumulation
Besides traders’ over-leveraged positions, long-term holders seem to be taking advantage of the current market sentiment as they continue accumulating tokens, according to on-chain analytics firm Coinglass.
Data from spot inflow/outflow reveals that, in the past 48 hours, exchanges have witnessed an outflow of a significant $25 million worth of ADA tokens.
These substantial outflows from exchanges indicate potential accumulation, which could create a buying opportunity and further drive an upside rally. With strong bullish participation from traders and investors, ADA’s 24-hour trading volume has surged by 55%, reflecting increased market activity.
When combining these on-chain metrics with technical analysis, it appears that bulls are back to support ADA, potentially driving further upside momentum.
The post Cardano (ADA) Price Prediction For March 10 appeared first on Coinpedia Fintech News
Cardano (ADA), after experiencing a notable price drop yesterday, is recovering as the asset has successfully retested the crucial support area of $0.70. Despite the ongoing recovery, the asset has still recorded a price drop of over 8% in the past 24 hours and is currently trading near $0.744. Cardanon (ADA) Technical Analysis and Upcoming …
Folks – it’s happening! In a bold (and awesome) step toward mainstream crypto integration, Volatility Shares will officially launch the first-ever 1x XRP Futures ETF, and trade under the ticker $XRPI on Nasdaq.
This debut marks a historic first for Ripple’s native token and signals that XRP may finally be stepping into the ETF spotlight long dominated by Bitcoin and Ethereum.
“Good signal that there will be demand for this one,” noted Bloomberg ETF analyst Eric Balchunas, pointing to surging interest in crypto-linked investment vehicles.
VolatilityShares is launching the first-ever XRP futures ETF tomorrow, ticker $XRPI.. yes there is a 2x XRP already on market (this is first 1x) and it has $120m aum and trades $35m/day. Good signal that there will be demand for this one. pic.twitter.com/rCooyNZgu0
Inside the XRPI Launch: Structure, Exposure, and Strategy
Filed with the U.S. SEC on May 21, the XRPI ETF is part of the Volatility Shares Trust and offers indirect exposure to XRP futures via a wholly-owned Cayman Islands subsidiary. The fund aims to invest at least 80% of its net assets in XRP-linked instruments – providing regulated access to Ripple’s price action without requiring investors to hold the token itself.
This 1x product stands out in a space mostly populated by leveraged plays, making it a more measured approach for those seeking XRP exposure without amplified volatility.
Because some like playing it safe and there’s nothing wrong about that!
The Race for Leverage: XRP’s ETF Wars Heat Up
This isn’t the last stop for Volatility Shares. The firm is preparing to roll out a 2x XRP futures ETF, promising double the daily price appreciation of XRP via leveraged exposure.
Teucrium Investment Advisors launched its 2x leveraged XRP ETF ($XXRP) on April 8, drawing $5.43 million in debut volume and now boasting $120 million in AUM with $35 million in daily trading volume. The demand is clear AND growing.
All Eyes on XRP
The timing couldn’t be better. Just days ago, the Chicago Mercantile Exchange (CME) rolled out XRP Futures and Micro XRP Futures, with CME’s crypto head Giovanni Vicioso noting increased appetite for “regulated derivatives products across a wider range of tokens.”
Meanwhile, the race for a spot XRP ETF is accelerating. Heavyweights like Franklin Templeton, Bitwise, and 21Shares are already lining up. With new SEC Chair Paul Atkins – a noted crypto ally – at the helm, Polymarket betters now place 83% odds on a spot XRP ETF approval this year. Those are some good odds, right?
All in all – say hello to the next phase of XRP’s journey. We’re excited!
The post First-Ever XRP Futures ETF to Launch on Nasdaq Today appeared first on Coinpedia Fintech News
Folks – it’s happening! In a bold (and awesome) step toward mainstream crypto integration, Volatility Shares will officially launch the first-ever 1x XRP Futures ETF, and trade under the ticker $XRPI on Nasdaq. This debut marks a historic first for Ripple’s native token and signals that XRP may finally be stepping into the ETF spotlight …
