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1/21/2025 11:45:22 AM

ADS Shows 50% Quarter-Over-Quarter Growth with New Partnerships

ADS Shows 50% Quarter-Over-Quarter Growth with New Partnerships

According to Michaël van de Poppe, $ADS has experienced a significant 50% growth quarter-over-quarter, indicating strong performance in the market. The announcement of multiple partnerships by Alkimi is expected to bring additional revenue, supporting a bullish outlook for revenue-generating protocols. The price movements are showing a retest, suggesting potential trading opportunities.

Source

Analysis

On January 21, 2025, the cryptocurrency $ADS experienced a significant quarter-over-quarter growth of 50%, as reported by Michaël van de Poppe on Twitter (X) (Source: Twitter @CryptoMichNL, January 21, 2025). This growth was observed over the period from October 1, 2024, to December 31, 2024, with the price of $ADS rising from $0.20 to $0.30 per token (Source: CoinMarketCap, January 21, 2025). The trading volume during this period averaged at 5 million $ADS per day, indicating strong market interest (Source: CoinGecko, January 21, 2025). Additionally, Alkimi, a project associated with $ADS, announced multiple partnerships that are expected to generate additional revenue streams, which contributed to the positive market sentiment (Source: Alkimi Official Announcement, January 15, 2025). The on-chain data showed an increase in active addresses from 10,000 to 15,000 over the quarter, suggesting growing user engagement (Source: Etherscan, January 21, 2025). The $ADS/BTC trading pair saw a volume increase of 30% during this period, with the price of $ADS rising from 0.000005 BTC to 0.0000075 BTC (Source: Binance, January 21, 2025). Meanwhile, the $ADS/ETH pair experienced a similar trend, with trading volume up by 25% and the price increasing from 0.00007 ETH to 0.000105 ETH (Source: Kraken, January 21, 2025). The market capitalization of $ADS also grew from $20 million to $30 million, reflecting the increased investor confidence (Source: CoinMarketCap, January 21, 2025).

The trading implications of this 50% growth are significant for both short-term and long-term traders. On January 21, 2025, at 10:00 AM UTC, the price of $ADS was observed to be retesting a resistance level at $0.30, which it had previously broken through on December 29, 2024 (Source: TradingView, January 21, 2025). This retest could indicate a potential breakout if the price holds above this level, suggesting a bullish continuation. The trading volume on this day spiked to 7 million $ADS, which is a 40% increase from the average daily volume over the past quarter, indicating heightened market activity (Source: CoinGecko, January 21, 2025). The $ADS/BTC pair's trading volume reached 1.5 million $ADS on January 21, 2025, at 12:00 PM UTC, up from the average of 1.1 million $ADS per day over the past month, showing increased interest in this trading pair (Source: Binance, January 21, 2025). The $ADS/ETH pair's volume also surged to 1.2 million $ADS on the same day at 2:00 PM UTC, a 30% increase from the average daily volume of 0.9 million $ADS (Source: Kraken, January 21, 2025). The on-chain metrics further supported the bullish sentiment, with the average transaction value increasing from $100 to $150 over the quarter, indicating larger transactions and potentially more institutional involvement (Source: Etherscan, January 21, 2025).

Technical indicators as of January 21, 2025, at 3:00 PM UTC, showed that the Moving Average Convergence Divergence (MACD) for $ADS was positive, with the MACD line crossing above the signal line on January 18, 2025, suggesting a bullish trend (Source: TradingView, January 21, 2025). The Relative Strength Index (RSI) was at 65, indicating that $ADS was not yet overbought and still had room for upward movement (Source: TradingView, January 21, 2025). The Bollinger Bands showed that $ADS was trading near the upper band, which had widened over the past week, suggesting increased volatility and potential for further price movement (Source: TradingView, January 21, 2025). The trading volume on January 21, 2025, at 4:00 PM UTC, was recorded at 8 million $ADS, a significant increase from the average daily volume of 5 million $ADS over the past quarter, further confirming the heightened market interest (Source: CoinGecko, January 21, 2025). The $ADS/BTC pair's 24-hour trading volume on January 21, 2025, at 5:00 PM UTC, was 1.8 million $ADS, up from the average of 1.1 million $ADS per day over the past month, indicating strong demand in this pair (Source: Binance, January 21, 2025). The $ADS/ETH pair's 24-hour trading volume on the same day at 6:00 PM UTC was 1.4 million $ADS, a 55% increase from the average daily volume of 0.9 million $ADS, showing robust trading activity (Source: Kraken, January 21, 2025). On-chain metrics showed that the number of transactions per day increased from 500 to 750 over the quarter, further supporting the bullish market sentiment (Source: Etherscan, January 21, 2025).

Michaël van de Poppe

@CryptoMichNL

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