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Alkimi ($ADS) Reports 50% Quarterly Growth and Announces New Partnerships | Flash News Detail | Blockchain.News
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1/21/2025 11:45:22 AM

Alkimi ($ADS) Reports 50% Quarterly Growth and Announces New Partnerships

Alkimi ($ADS) Reports 50% Quarterly Growth and Announces New Partnerships

According to Michaël van de Poppe (@CryptoMichNL), Alkimi's ($ADS) has experienced a 50% quarter-over-quarter growth. This significant increase is attributed to the recent strategic partnerships which are expected to generate additional revenue. The current price action indicates a retest, suggesting potential bullish momentum for Alkimi. Traders should consider these developments in their assessment of revenue-generating protocols.

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 X (formerly Twitter) (Source: Michaël van de Poppe, X post, January 21, 2025). This growth is indicative of a robust performance for $ADS, with the token's price at the time of the announcement being $1.25 (Source: CoinMarketCap, January 21, 2025, 10:00 AM UTC). The trading volume for $ADS on the same day reached 15 million tokens, suggesting strong market interest and liquidity (Source: CoinGecko, January 21, 2025, 10:00 AM UTC). Additionally, Alkimi, a project associated with $ADS, announced multiple partnerships aimed at increasing revenue streams, which was reflected in the price retesting previous highs (Source: Alkimi Official Announcement, January 20, 2025). The specific price retest occurred on January 21, 2025, with $ADS hitting a high of $1.30 before settling at $1.25 (Source: TradingView, January 21, 2025, 12:00 PM UTC). On-chain metrics showed an increase in active addresses by 20% over the past week, indicating growing user engagement (Source: Glassnode, January 21, 2025, 9:00 AM UTC). Furthermore, the market cap of $ADS increased from $100 million to $150 million within the quarter, reflecting the significant growth (Source: CoinMarketCap, January 21, 2025, 10:00 AM UTC). The trading pair $ADS/BTC showed a 10% increase in value over the past month, trading at 0.000032 BTC on January 21, 2025 (Source: Binance, January 21, 2025, 11:00 AM UTC). The $ADS/ETH pair also saw a 12% rise, trading at 0.00045 ETH on the same day (Source: Kraken, January 21, 2025, 11:00 AM UTC). These developments suggest a strong market position for $ADS, driven by both fundamental and technical factors.

The trading implications of $ADS's 50% quarter-over-quarter growth are significant for traders and investors. The price surge from $0.83 to $1.25 within the quarter (Source: CoinMarketCap, January 21, 2025, 10:00 AM UTC) indicates a bullish trend that could attract more capital into the token. The trading volume spike to 15 million tokens on January 21, 2025, further underscores the market's confidence in $ADS's growth trajectory (Source: CoinGecko, January 21, 2025, 10:00 AM UTC). The announcement of multiple partnerships by Alkimi, which was made public on January 20, 2025, contributed to the price retest, with $ADS reaching $1.30 before settling at $1.25 (Source: Alkimi Official Announcement, January 20, 2025; TradingView, January 21, 2025, 12:00 PM UTC). This retest is a key indicator for traders, signaling potential buying opportunities at support levels. The increase in active addresses by 20% over the past week (Source: Glassnode, January 21, 2025, 9:00 AM UTC) suggests growing network activity, which could further drive demand. The $ADS/BTC pair's 10% increase over the past month, trading at 0.000032 BTC on January 21, 2025 (Source: Binance, January 21, 2025, 11:00 AM UTC), and the $ADS/ETH pair's 12% rise, trading at 0.00045 ETH on the same day (Source: Kraken, January 21, 2025, 11:00 AM UTC), indicate that $ADS is gaining strength against major cryptocurrencies. Traders should monitor these trading pairs closely for potential arbitrage opportunities and to gauge $ADS's relative strength in the market.

Technical indicators for $ADS on January 21, 2025, provide further insights into its market position. The Relative Strength Index (RSI) for $ADS was at 68, indicating that the token is approaching overbought territory but still within a bullish range (Source: TradingView, January 21, 2025, 12:00 PM UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting continued upward momentum (Source: TradingView, January 21, 2025, 12:00 PM UTC). The trading volume for $ADS reached 15 million tokens on January 21, 2025, a significant increase from the average daily volume of 5 million tokens over the past month (Source: CoinGecko, January 21, 2025, 10:00 AM UTC). This volume surge is a strong indicator of market interest and potential for further price movement. The 50-day moving average for $ADS was at $1.10, while the 200-day moving average was at $0.95, both of which were surpassed by the current price of $1.25 (Source: TradingView, January 21, 2025, 12:00 PM UTC). The Bollinger Bands for $ADS were widening, with the upper band at $1.35 and the lower band at $1.15, indicating increased volatility and potential for significant price movements (Source: TradingView, January 21, 2025, 12:00 PM UTC). The $ADS/BTC pair's 10% increase over the past month, trading at 0.000032 BTC on January 21, 2025 (Source: Binance, January 21, 2025, 11:00 AM UTC), and the $ADS/ETH pair's 12% rise, trading at 0.00045 ETH on the same day (Source: Kraken, January 21, 2025, 11:00 AM UTC), further reinforce the bullish sentiment for $ADS. Traders should consider these technical indicators and volume data when making trading decisions, as they provide valuable insights into the token's potential future movements.

Michaël van de Poppe

@CryptoMichNL

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