We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
Market News Analysts Expect ADA Price to Rise as Cardano’s NFT Market Expands

Analysts Expect ADA Price to Rise as Cardano’s NFT Market Expands

Cardano, a blockchain platform that supports NFTs, has seen a remarkable growth in its NFT sales volume, TVL, and trading volume in the past month, despite the decline of its native token ADA. Some experts are optimistic that ADA will recover and reach new highs soon.

TOP1 Markets Analyst
2024-01-09
9001

Cardano(ADA) 2.png 

 

Cardano’s NFT market has been booming lately, with sales volume reaching almost $9 million, a 60% jump from the previous month. This impressive performance contrasts with the falling price of ADA, Cardano’s native currency, which has dropped by more than 18% in the same period. However, some experts believe that ADA could soon rebound and soar higher.

 

Ethereum still dominates the NFT space with a staggering $327 million in volume, but this number has fallen by 25% month-over-month. Meanwhile, Cardano has seen its total value locked (TVL) and on-chain trading volume surge since early December. The TVL now exceeds $330 million, while the trading volume is around $6.5 million.

 

Despite the positive signs from the NFT market and other indicators, ADA has not been able to reverse its downward trend. However, some analysts are confident that ADA has the potential to rally in the near future. Twitter user Lucid recently expressed his admiration for Cardano’s technology, community, and blockchain and predicted a $10 price for ADA. The host of the popular YouTube channel Coin Bureau also shared a bullish outlook, expecting ADA to rise to $1, based on the weekly chart showing a possible bull flag and the next key resistance level at $1.

Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free