
-
Alpha Block VIP
- 4
- 57
- 3
- 0
-
Cardano Wall
- 6
- 146
- 1
- 1
-
Market Updates
- 7
- 348
- 0
- 6
-
AXO
- 7
- 148
- 2
- 2
🚀 Enhanced Reference Market Making Signals 🚀
Hello everyone 👋
A first step in a meaningful update is scheduled for today. We're preparing signal engine to release additional signals to the "refmm" xlang macro . This enhancement includes aggregated price data from all DEX sources and external price oracles and incorporates all reference price sources currently in pilot and preview stages.
Important Details:
✅ Strategies: there is no need to disable and redeploy strategies. Treasury strategies are going to stay up during the upgrade.
🕐 Start Time: The first step of the upgrade is going to take a few hours as signal engine is going to process the historical chain signals up to now.
Next Steps:
Once the changes are successfully implemented, we will be able to incorporate the new signals into reference market making during next week. Additional information on how to utilize the new signals will be provided once both phases of the upgrade are completed 💪
"Cardano (ADA) has witnessed a massive 300% surge in Exchange Traded Product (ETP) inflows. The unexpected influx of capital from institutional investors could set the stage for a potential uptrend ahead of the Chang hard fork. Cardano Inflows Skyrocket 300% On July 29, CoinShares, a leading firm in the crypto ETP industry, released a weekly report on the fund flows of various digital assets. According to CoinShares, digital asset investment products saw a relatively muted inflow of approximately $245 million in the last week. Related Reading: Technical Indicators Show Strong Bitcoin Bullishness – New ATH On The Horizon? Among the list of digital assets which recorded new flows, Bitcoin (BTC) recorded the largest increase in inflows. The pioneer cryptocurrency experienced a healthy inflow of $519 million, achieving a month to date inflows of $3.6 billion. More impressively, Cardano recorded a surge in inflows into its ETP, totaling approximately $1.2 million. This massive inflow surge represents a whopping 300% addition from the previous week. Furthermore, Cardano’s strong performance has effectively placed it second among all crypto ETPs. Sharing a “Flows by Asset” chart of Cardano and various other prominent cryptocurrencies, CoinShares reports that institutional investors have invested a total of $11 million into Cardano-oriented investment products. Additionally, Cardano’s month to date inflow has seen about $2.4 million. During its report, CoinShares also revealed that the..."Cardano (ADA) has witnessed a massive 300% surge in Exchange Traded Product (ETP) inflows. The unexpected influx of capital from institutional investors could set the stage for a potential uptrend ahead of the Chang hard fork. Cardano Inflows Skyrocket 300% On July 29, CoinShares, a leading firm in the crypto ETP industry, released a weekly report on the fund flows of various digital assets. According to CoinShares, digital asset investment products saw a relatively muted inflow of approximately $245 million in the last week. Related Reading: Technical Indicators Show Strong Bitcoin Bullishness – New ATH On The Horizon? Among the list of digital assets which recorded new flows, Bitcoin (BTC) recorded the largest increase in inflows. The pioneer cryptocurrency experienced a healthy inflow of $519 million, achieving a month to date inflows of $3.6 billion. More impressively, Cardano recorded a surge in inflows into its ETP, totaling approximately $1.2 million. This massive inflow surge represents a whopping 300% addition from the previous week. Furthermore, Cardano’s strong performance has effectively placed it second among all crypto ETPs. Sharing a “Flows by Asset” chart of Cardano and various other prominent cryptocurrencies, CoinShares reports that institutional investors have invested a total of $11 million into Cardano-oriented investment products. Additionally, Cardano’s month to date inflow has seen about $2.4 million. During its report, CoinShares also revealed that the launch of Ethereum Spot Exchange Traded Funds (ETFs) witnessed some of the largest inflows since December 2020. This also led to newly issued ETFs experiencing a staggering $2.2 billion in inflows while trading volumes in Ethereum (ETH) rose by 542%. In the case of Cardano, following its 300% surge in ETP inflows, the price of the cryptocurrency witnessed a slight rebound from previous bearish trends. Following a surge to about $0.8 some time in March 2024, Cardano’s price has been undergoing a corrective phase, declining below the $0.4 price mark. With the Chang hard fork underway following the deployment of Cardano node 9.1.0, the market sentiment surrounding the cryptocurrency has been somewhat more positive. Analysts like ‘Sssebi’ on X (formerly Twitter) have deduced that Cardano was the most undervalued asset amongst the top 10 cryptocurrencies. The analyst disclosed that investors should remain bullish on Cardano, predicting upsides for the cryptocurrency. Update On ADA Price Analysis Despite experiencing constant declines in its price over the past few months, Cardano has steadily consolidated around the $0.4 price level, underscoring the cryptocurrency’s strength and resilience during unfavorable market conditions. CoinMarketCap reports reveal that the cryptocurrency is currently trading at $0.4, reflecting a 4.34% decrease in the last 24 hours. Related Reading: Solana Confirms Upside Breakout With Bullish Pennant – Here’s The Target Analysts like Sssebi continue to maintain a bullish outlook for the cryptocurrency, anticipating future price increases during the bull cycle. According to Sssebi, Cardano is set to outperform in the crypto market, catalyzed by its booming ecosystem consisting of hundreds of Decentralized Applications (DApps)." Show more
Alpha Block is friends with Joe
"Cardano is at a significant milestone with the impending Chang hard fork. This pivotal moment follows the recent upgrade of its node validation software before the upgrade goes live. As the Cardano ecosystem gears up for this major update, the network is experiencing a surge in activity that could determine its trajectory in the coming weeks.
Amidst this heightened activity, Cardano’s cryptocurrency, ADA, has demonstrated an interesting price performance. ADA has seen positive price action in the past 24 hours, reflecting growing market optimism. This uptick in price comes on the heels of increasing transaction volumes, particularly from whales or large ADA holders. According to recent on-chain data, this cohort of traders has significantly ramped up their transactions, with transaction volume recently reaching a peak of 17 billion ADA tokens.
Whales Making Moves
This movement from large holders was noted on IntoTheBlock’s dashboard through a metric which follows the number and volume of transactions greater than $100,000 in a 24-hour period. Interestingly, this metric shows that the number of large transactions has been on a decline since the beginning of the week. However, an activity spike created a trading volume of 17.78 billion ADA on Friday, coming to $7 billion worth of tokens exchanged among whale addresses."
Basic Information
-
Gender
Male -
First time using AXO
08/12/2023 -
About me
Site Administrator -
₳ Wallet/Handle
$relocatedkoalas
Trading Information
-
Favorite AXO Strategy Link
https://pool.pm -
Favorite AXO Strategy Description
Use your Koala PFP to gain access to members benefits. -
Cardano Experience (Check any)
Advanced
-
Trading Experience
Frequent
-
I Stake my ₳ with Alpha Block
Yes