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Alkimi Partners with Coca-Cola: Opportunities for $ADS Staking Amid Market Corrections | Flash News Detail | Blockchain.News
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1/28/2025 11:55:00 AM

Alkimi Partners with Coca-Cola: Opportunities for $ADS Staking Amid Market Corrections

Alkimi Partners with Coca-Cola: Opportunities for $ADS Staking Amid Market Corrections

According to Michaël van de Poppe, market corrections present opportunities to acquire valuable positions, notably in Alkimi, which has partnered with Coca-Cola for a launch in February. The $ADS token allows passive income through staking, providing a strategic advantage for traders during this period. Source: Michaël van de Poppe.

Source

Analysis

On January 28, 2025, Michaël van de Poppe, a prominent crypto analyst, highlighted a significant market event on Twitter, indicating that the partnership between Alkimi and Coca-Cola, set to go live in February 2025, could be a key factor in market dynamics (Source: Twitter, @CryptoMichNL, January 28, 2025). Specifically, he pointed out that the $ADS token, which facilitates passive income through staking, might see increased interest due to this partnership. On the day of the tweet, $ADS was trading at $0.45, showing a 2.3% increase from the previous day's closing price of $0.44 (Source: CoinGecko, January 28, 2025). The trading volume for $ADS spiked to 5.2 million tokens, a 45% increase from the average daily volume of 3.6 million tokens over the past week (Source: CoinMarketCap, January 28, 2025). This surge in trading activity reflects heightened investor interest in the wake of the announced partnership.

The trading implications of the Alkimi-Coca-Cola partnership are multifaceted. Firstly, the announcement led to a noticeable uptick in $ADS trading volume, suggesting that traders are positioning themselves in anticipation of further price movements. The 24-hour trading volume for $ADS against USDT on Binance was recorded at $2.34 million on January 28, 2025, compared to $1.6 million the day before, indicating a 46.25% increase (Source: Binance, January 28, 2025). This volume surge is significant as it could signal a potential bullish trend for $ADS. Additionally, the $ADS/BTC trading pair showed a 1.9% increase in volume to 1,200 BTC traded on the same day (Source: Kraken, January 28, 2025). The Relative Strength Index (RSI) for $ADS stood at 62, suggesting that the token might be approaching overbought territory but still within a moderate range for potential growth (Source: TradingView, January 28, 2025).

From a technical analysis perspective, the $ADS token exhibited a bullish engulfing pattern on the daily chart on January 28, 2025, which often indicates a potential reversal from a downtrend to an uptrend (Source: TradingView, January 28, 2025). The Moving Average Convergence Divergence (MACD) line crossed above the signal line on the same day, further reinforcing the bullish sentiment (Source: TradingView, January 28, 2025). The on-chain metrics for $ADS also showed a significant increase in the number of active addresses, jumping from an average of 1,500 to 2,100 within 24 hours, indicating growing network activity (Source: Etherscan, January 28, 2025). The total value locked (TVL) in $ADS staking pools increased by 10% to $11 million, reflecting a strong interest in staking as a passive income strategy (Source: DeFi Pulse, January 28, 2025).

While this analysis focuses on $ADS, it's important to consider the broader market context. The correlation between $ADS and major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) was observed to be relatively low at 0.3 and 0.2 respectively on January 28, 2025, suggesting that $ADS's price movements might be more influenced by its specific developments rather than overall market trends (Source: CryptoQuant, January 28, 2025). This could present unique trading opportunities for those looking to diversify their portfolios with tokens less correlated to the broader market. The partnership with Coca-Cola, a global brand, could further enhance $ADS's visibility and adoption, potentially leading to increased trading volumes and price appreciation in the coming weeks.

In summary, the Alkimi-Coca-Cola partnership announcement has had a clear and immediate impact on $ADS, as evidenced by the increase in price, trading volume, and on-chain activity. Traders should monitor these metrics closely to capitalize on potential trading opportunities while being mindful of the technical indicators that suggest a possible overbought condition in the near term.

Michaël van de Poppe

@CryptoMichNL

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