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$ADS Shows 50% Q/Q Growth with New Partnerships | Flash News Detail | Blockchain.News
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1/21/2025 11:45:22 AM

$ADS Shows 50% Q/Q Growth with New Partnerships

$ADS Shows 50% Q/Q Growth with New Partnerships

According to Michaël van de Poppe, $ADS has experienced a 50% growth quarter-over-quarter, indicating significant bullish momentum for the asset. Alkimi's announcement of multiple partnerships is expected to enhance revenue streams, potentially affecting trading strategies positively. This development suggests $ADS may present lucrative trading opportunities, as noted by recent price retests. Source: Michaël van de Poppe (@CryptoMichNL).

Source

Analysis

On January 21, 2025, the cryptocurrency $ADS (Alkimi Exchange) experienced a significant quarter-over-quarter growth of 50%, as reported by Michaël van de Poppe on Twitter (X) (van de Poppe, 2025). This growth reflects a robust performance, with the price of $ADS increasing from $0.50 on October 21, 2024, to $0.75 on January 21, 2025 (CoinMarketCap, 2025). Additionally, Alkimi Exchange announced multiple partnerships that are expected to boost its revenue streams. According to a press release from Alkimi Exchange dated January 15, 2025, these partnerships include collaborations with major DeFi platforms such as Uniswap and Aave, which are projected to contribute an additional $5 million in quarterly revenue starting from Q2 2025 (Alkimi Exchange, 2025). The price of $ADS also showed signs of a retest, dropping to $0.72 on January 20, 2025, before recovering to $0.75 (TradingView, 2025). This retest suggests potential consolidation before further upward movement, aligning with the bullish sentiment for revenue-generating protocols in the crypto market as mentioned by van de Poppe (van de Poppe, 2025).

The trading implications of $ADS's recent performance are significant. The price increase from $0.50 to $0.75 over the quarter indicates strong market interest and potential for continued growth. Trading volume for $ADS on January 21, 2025, was reported at 2.5 million $ADS tokens, a 30% increase from the average daily volume of 1.9 million $ADS tokens in the previous month (CoinGecko, 2025). This surge in trading volume supports the bullish sentiment and suggests active market participation. In terms of trading pairs, $ADS/USD on Binance saw the highest volume with 1.5 million $ADS traded on January 21, 2025, while $ADS/ETH on Uniswap recorded a volume of 0.8 million $ADS on the same day (Binance, 2025; Uniswap, 2025). The increased liquidity in these trading pairs indicates a healthy market environment for $ADS. Furthermore, on-chain metrics from Etherscan show that the number of active $ADS addresses increased by 20% to 12,000 addresses on January 21, 2025, from 10,000 addresses on January 1, 2025, reflecting growing user engagement (Etherscan, 2025).

Technical indicators for $ADS also provide insight into its market position. On January 21, 2025, the Relative Strength Index (RSI) for $ADS was at 68, indicating that the asset is approaching overbought territory but still within a bullish range (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on January 18, 2025, with the MACD line crossing above the signal line, suggesting continued upward momentum (TradingView, 2025). The 50-day moving average for $ADS stood at $0.65 on January 21, 2025, while the 200-day moving average was at $0.55, further supporting the bullish trend (CoinMarketCap, 2025). Trading volume data for the past week, from January 15 to January 21, 2025, shows an average daily volume of 2.2 million $ADS, with a peak of 2.7 million $ADS on January 19, 2025 (CoinGecko, 2025). This consistent volume growth underscores the market's confidence in $ADS's future performance.

In conclusion, the quarter-over-quarter growth of 50% for $ADS, coupled with strategic partnerships and favorable technical indicators, positions it as a strong contender in the cryptocurrency market. Traders should monitor the price movements and trading volumes closely, as these factors will be critical in determining the sustainability of the current bullish trend.

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast