@AadaFinance $AADA Double Bottom PROGRESS a Thread 🧵 🪡
If you followed me within the last 2 to 3 months, you will Remember when I first posted this DOUBLE bottom even before price action reached neckline. Our breakout candle to confirm this double bottom was April 11 2023.
However it was very important that price consolidated after such a huge move to the tune of 400% from the lows of this double bottom hence the consolidation you notice in the chart. I want to remind you that these consolidations are VERY healthy for a blue chip asset such as
@AadaFinance but MAKE NO MISTAKE, the consolidation doesn’t mean our TARGET🎯 of 5.4 #ADA won’t be met. IT WILL & it will only be the foundational floor PRICE for $AADA. The real price appreciation begins after @AadaFinance V2 is Live and #AADA protocol is bringing TOTAL VALUE
LOCKED by the MILLIONS of DOLLARS on a weekly basis by offering lending and borrowing for over 25 Assets & MULTIPLE POOLS per asset, exponentially increasing #CARDANO’s TVL RANKS in all of #crypto, skyrocketing Cardano to the top 10 by TVL.
This my friends is EXTREMELY VALUABLE and MANY GOOD MEN WILL PARK THEIR #ADA IN $AADA to reap the benefits of such VALUE wether you know it or not. Now Question is, will you be an investor in $AADA BERORE THE TVL BOOM or AFTER THE TVL BOOM.
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@AadaFinance is trading similar 24H volume today 10 months before the #BITCOIN halving that @AaveAave#ETHEREUM ‘s NO.1 Lending protocol traded 8 months before the BITCOIN Halving in 2020. MIND BLOWN 🤯 Follow the thread 🧵🪡 & bookmark this post to see how I did come market top
If you look at COLUMN A in the green box on Oct 9th 2020, 8 months before the halving, $AAVE ‘s 24H trading Vol was approximately $1 million dollars, In COLUMN C $AADA ‘s 24H trading Vol today, 10 months before the halving is approximately $1 million dollars.
Back in 2020
although closer to the halving at 8 months before, AAVE was $46 per coin it’s trading volume was EXTREMELY low at 1 million dollars for a $46 coin. $AADA at $1.80 cents pulled the same 1 million dollar volume today. Most investors didn’t CAPITALIZE on the opportunity in AAVE
#CARDANO IS EXPERIENCING A BULLRUN IN ITS ECOSYSTEM . A THREAD 🧵 🪡
If you pay attention, you will notice that #BITCOIN, #ETHEREUM & the general #cryptocurrency market is DOWN! However the emerging ecosystem inside CARDANO DOES NOT CARE! Cardano is having a mini bull run in
its ecosystem. Wether you know it or not, these are the beginnings of A RIDICULOUSLY EXPLOSIVE 🧨 BULL MARKET FOR CARDANO this cycle. Most Of you can’t see it now, some of your have been misled or deceived to think you are late to the opportunity, you are DEAD WRONG.
Take another look, our top dex @MinswapDEX still has a market cap of $24 million dollars, our top lending protocol @AadaFinance still has a MKCAP of $24 million, our top synthetic @Indigo_protocol has a MKCAP of $10 million, Our top #memecoin@snekcoinada $SNEK is under
PRICE PREDICTION for @AadaFinance $AADA highlighting what value I think it’s token will attain this bull market & reasons why. I challenge you to BOOKMARK this post for reference to see how I did come bull market top. Follow the thread 🧵 🪡
In analysing potential price action for $AADA this market cycle, I will like to highlight the performance of the top lending protocol on #ETHEREUM, $AAVE & the top protocol on #BSC $VENUS protocol.
Last bull market $AAVE reached a MKCap of $7,953,335,447 Billion on
may 19th 2021, that very day #Ethereum the layer 1 it is built on reached a market cap Of $390,227,141,901 Billion Dollars. AAVE’s MKCAP reached approximately 2% of #ETH’s MKCAP at ATH.
In the same Bull market VENUS PROTOCOL, #BSC’s NO.1 lending protocol reached a MKCap of
A Play Book Of How Some Smart Investors In #CARDANO#DEFI Will Earn Millions Of #ADA Much Like How Some Folks Took Advantage Of #ETHEREUM defi In The Early Days to earn THOUSANDS of #ETH. I challenge you to bookmark this post & watch it Play out. Follow the thread 🧵 🪡
An illustration of how this will play out.
Blue Chip #CARDANO#DEFI tokens will move up against #ADA off the bottom of the bear market as illustrated in the photo above, as you can see ADA is up 3.47% in the past 90 days while @AadaFinance is up 275.33%, @MinswapDEX up 79.90%,
@MuesliSwapTeam up 27.39% @Oraclecharli3 up 84.12% The more aggressive RISE in value of these CNT’s causes an increase in their ADA value. As these protocols deliver on their promise and drive utility to the chain by reaching certain milestones of development, for example
@PetMM2 Highly upsetting. $MELD team shows up early days of #CARDANO development, pitches the community on an idea, collect $30 million worth of #ADA, promise the community a lending protocol. DELIVERS NOTHING, swap some of that ADA for USDC and delivers a protocol on AVAX 🧵🪡
What gets me is Some of you still don’t see what’s happening, some of you keep finding and making reasons for them, much less funded projects have delivers on #CARDANO and the $MELD team couldn’t find a solution to deliver with $30 million? Some of you want to say oh they are
cross chain, isn’t the idea of cross chain to build here on #CARDANO and bridge other chains to CARDANO? Now for all of you making excuses answer this question, Do you see any $AVAX or #ETHEREUM projects funded by AVAX or ETH coming to Setup shop and building a protocol on
#CARDANO#ADA price prediction for this bull market top & my rational as to why I arrived at this number, a 🧵🪡
#CARDANO was launched in Sep. 2017. Amid the early days of development of the Cardano blockchain the cryptocurrency market saw a bull market that topped out in
January 2018. #Cardano reached a MKCap of $30,577,013,248 on Jan. 4 2018 for a $1.34 #ADA. In the next bull market in 2021 #ADA’s MKCap saw an increase of 210.70% from its last all time high for a $95,003,730,488 MKCap or a $3.10 ADA price. Keep In mind all these appreciation in
ADA value over the years were before any development on its chain. It’s the year before the halving again but this time #CARDANO has a robust blockchain with a healthy ecosystem full of utility building on it which drives value pretty aggressively if history is any Indication.