Cardano Price Eyes $5 After 17% Surge

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The post Cardano Price Eyes $5 After 17% Surge appeared first on Coinpedia Fintech News

Cardano has drifted in the green zone as it trades at $0.7093, up 11% in the past day and over 17% in the past week. The trading volume is also up over 65%, which shows growing investor interest. 

Whale Accumulations On the Rise

Onchain data from Santiment also showed whale accumulations. Whales holding between 100,000 to 100 million ADA have increased their holdings since April 14, further adding to the bullish sentiment.

Expert Dan Gambardello thinks that Cardano will face strong resistance around $3, where many investors regret not selling before. He expects some price volatility in that area, before it eventually rises to $5, like a quick stop before the next big jump.

Analysts Predict ADA Surge Up to 1000%

Cardano held strong at the $0.50 support level on April 7 and has since rallied 21% in two weeks. If Cardano keeps rising and breaks above the 200-day EMA (Exponential Moving Average) at $0.71, the next resistance could be at $0.74, possibly reaching $0.80. This could be a major psychological level for traders. The RSI (Relative Strength Index) is also currently at 57 and trending upwards. 

Analyst Javon Marks foresees a 354% surge for Cardano to as high as $2.91. His outlook is based on ADA’s current chart pattern. ADA may follow Bitcoin’s lead in a broader market rally through April.Additionally,  Martinez shared that Cardano is breaking out and predicts the next target could be $0.77.

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Avalanche (AVAX) Holds at $24.81, But Ruvi AI (RUVI) Ensures Its Investors Massive Gains And Sells Over 120M Tokens

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The post Avalanche (AVAX) Holds at $24.81, But Ruvi AI (RUVI) Ensures Its Investors Massive Gains And Sells Over 120M Tokens appeared first on Coinpedia Fintech News

Avalanche (AVAX), a renowned blockchain platform, is currently trading at $24.81, reflecting a modest 8.7% daily increase. Known for its scalability and robust ecosystem, Avalanche continues to attract attention through innovative projects and partnerships. Despite recent market consolidation, AVAX is maintaining a strong foothold in the blockchain space.

While Avalanche proves its strength, Ruvi AI emerges as a game-changing blockchain project by seamlessly combining decentralization with artificial intelligence to revolutionize the industry.

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Ruvi AI: A Revolutionary Step in Decentralized AI Technology

Ruvi AI is redefining the blockchain landscape with its decentralized AI superapp, aimed at delivering scalable and secure solutions. Its community-focused framework alongside strong fundamentals has positioned Ruvi as an enticing opportunity in the crypto market, particularly for investors seeking unparalleled innovation.

Ruvi Presale Success and Key Collaborations

Ruvi AI has quickly gained momentum, with Phase 1 of its presale selling out in just over two weeks, driving early investors to realize an impressive 50% gain. Currently priced at $0.015, Ruvi tokens provide a significant opportunity to capitalize on the upcoming phase, which is set to feature a 0.33% price increment.

Adding to its momentum, Ruvi has partnered with WEEX Exchange, a strategic move to enhance liquidity and global exposure. Industry experts predict Ruvi tokens could reach $1, further increasing the appeal of this promising venture.

Investor Opportunities with Ruvi AI

Ruvi’s structured VIP investment tiers offer remarkable potential, making it a standout project for maximizing returns through a tiered incentive model.

VIP Tier 1 ($510 investment with 20% bonus):

  • Total Tokens: 40,800 (34,000 base allocation + 6,800 bonus).
  • Value at $0.07: $2,856.
  • Value at $1: $40,800.

VIP Tier 3 ($2,100 investment with 60% bonus):

  • Total Tokens: 224,000 (140,000 base allocation + 84,000 bonus).
  • Value at $0.07: $15,680.
  • Value at $1: $224,000.

VIP Tier 5 ($9,600 investment with 100% bonus):

  • Total Tokens: 1,280,000 (640,000 base  + 640,000 bonus).
  • Value at $0.07: $89,600.
  • Value at $1: $1,280,000.
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Lucrative Rewards for High Contributors

To promote greater participation, Ruvi AI offers lucrative leaderboard rewards, further cementing its standing as an innovative project within the blockchain space:

  • Top 10 Contributors: 500,000 bonus tokens, valued at $35,000 at $0.07 or $500,000 at $1.
  • Top 50 Contributors: 250,000 bonus tokens, worth $17,500 at $0.07 or $250,000 at $1.
  • Top 100 Contributors: 100,000 bonus tokens, equating to $7,000 at $0.07 or $100,000 at $1.

Your Pathway to Blockchain Success

Ruvi AI is steadily reshaping the blockchain and AI industries, offering major growth and investment opportunities. With its strategic collaboration with WEEX Exchange and a community-driven platform, Ruvi is set for significant breakthroughs in the decentralized ecosystem!

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The post Avalanche (AVAX) Holds at $24.81, But Ruvi AI (RUVI) Ensures Its Investors Massive Gains And Sells Over 120M Tokens appeared first on Coinpedia Fintech News
Avalanche (AVAX), a renowned blockchain platform, is currently trading at $24.81, reflecting a modest 8.7% daily increase. Known for its scalability and robust ecosystem, Avalanche continues to attract attention through innovative projects and partnerships. Despite recent market consolidation, AVAX is maintaining a strong foothold in the blockchain space. While Avalanche proves its strength, Ruvi AI …

Hedera (HBAR) Traders Bet on Further Price Gains as Long Positions Surge

The resurgence in broader market activity over the past 24 hours has triggered an uptick in bullish bias towards Hedera (HBAR), with traders increasingly betting on further price gains. 

HBAR’s long/short ratio has climbed to its highest level in the past month, signaling a shift in trader positioning.

Bullish Bets Push HBAR Toward Breakout Territory

HBAR’s long/short ratio currently stands at 1.09, its highest level in the past 30 days. This indicates a sharp rise in the demand for long positions among HBAR’s derivatives traders on Wednesday. 

HBAR Long/Short Ratio.
HBAR Long/Short Ratio. Source: Coinglass

An asset’s long/short ratio measures the proportion of its long positions (bets on price increases) to short positions (bets on price declines) in the market. A ratio below one means there are more short positions than long ones.

Conversely, as in HBAR’s case, a long/short ratio reading above one indicates that traders are predominantly bullish on the altcoin, and are opening bets in favor of an extended price rally. 

Moreover, HBAR’s rising futures open interest confirms the renewed demand for the altcoin. At press time, this is at $205 million, climbing 18% over the past day. HBAR’s value is up almost 10% within the same period. 

HBAR Futures Open Interest.
HBAR Futures Open Interest. Source: Coinglass

Open interest refers to the total number of outstanding futures contracts that have not been settled. When open interest rises alongside price like this, it indicates that new money is entering the market to support the uptrend. This trend signals strong conviction behind the HBAR’s upward movement.

Can HBAR Break Out? Traders Watch $0.199 as Next Key Level

As of this writing, HBAR trades at $0.187, resting above the resistance formed at $0.190. If demand strengthens and HBAR bulls flip this price level into a support floor, the token could extend its uptrend and climb to $0.199.

HBAR Price Analysis.
HBAR Price Analysis. Source: TradingView

On the other hand, if HBAR bears regain market control, this bullish projection will be invalidated. In this scenario, the token could lose its recent gains and fall to $0.153.

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