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Summary

The Cardano (ADA) token holders with a total of 2.71 billion tokens have reached a break-even point as the ADA price surged, hitting over $0.49. This positive development comes after a period of losses in the market.

Introduction

Cardano (ADA) has experienced a notable increase in value recently, with the ADA price surpassing $0.49 due to a recent spike in the market. This surge has led to Cardano addresses holding a total of 2.71 billion tokens achieving break-even status.

Main Points

Recent data from CoinMarketCap indicates that ADA is currently trading at $0.48, showing a slight decrease of 0.38% in the last 24 hours. Into The Block’s on-chain statistics reveal that Cardano addresses that purchased ADA at an average of $0.47 have now broken even, indicating potential returns if market momentum continues. Experts suggest that Cardano may be gearing up for a bullish trend, as the ADA/BTC chart has shown signs of reaching a bottom and a possible turnaround.

Conclusion

The market analysis suggests a positive outlook for Cardano, with expert predictions pointing towards a potential rise in price if key resistance levels are breached. The recent increase in the ADA/BTC pair’s value and the presence of optimistic technical signals indicate a possible uptrend for Cardano. Investors are advised to keep an eye on the market for potential gains, with ADA being highlighted as a strong contender for a prolonged surge.

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