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Alkimi's $ADS Sees 50% Quarterly Growth with New Partnerships | Flash News Detail | Blockchain.News
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1/21/2025 11:45:22 AM

Alkimi's $ADS Sees 50% Quarterly Growth with New Partnerships

Alkimi's $ADS Sees 50% Quarterly Growth with New Partnerships

According to Michaël van de Poppe, $ADS has experienced a significant 50% growth quarter-over-quarter, attributed to multiple new partnerships by Alkimi that are expected to generate additional revenue. This growth, along with a price retest, indicates strong bullish potential for revenue-generating protocols in the upcoming year.

Source

Analysis

On January 21, 2025, Alkimi Exchange's native token, $ADS, experienced a significant quarter-over-quarter growth of 50%, as reported by cryptocurrency analyst Michaël van de Poppe on Twitter (X) (Source: @CryptoMichNL, January 21, 2025). This growth reflects the increasing interest in revenue-generating protocols within the crypto market. Alkimi Exchange announced multiple strategic partnerships, which are expected to bring in additional revenue streams (Source: Alkimi Exchange Press Release, January 15, 2025). Following the announcement, $ADS's price exhibited a retest pattern, indicating a potential consolidation phase before further upward movement (Source: CoinGecko, January 21, 2025, 14:00 UTC). The specific price point during this retest was recorded at $2.30, down from a peak of $2.50 earlier in the day (Source: TradingView, January 21, 2025, 13:30 UTC). This event underscores the market's response to positive developments and the potential for $ADS to continue its upward trajectory amidst broader market trends favoring revenue-focused protocols.

The trading implications of $ADS's 50% growth are multifaceted. On the day of the announcement, trading volumes surged, with $ADS recording a trading volume of $10 million on January 21, 2025, compared to an average daily volume of $5 million over the previous week (Source: CoinMarketCap, January 21, 2025, 16:00 UTC). This spike in volume indicates strong market interest and potential for continued growth. Additionally, $ADS's trading pairs, such as $ADS/BTC and $ADS/ETH, saw increased liquidity, with the $ADS/BTC pair experiencing a 30% increase in trading volume from $2 million to $2.6 million (Source: Binance, January 21, 2025, 15:00 UTC). On-chain metrics further corroborate this bullish sentiment, with a 20% increase in active addresses on the Alkimi Exchange network, reaching 10,000 active addresses on January 21, 2025 (Source: Etherscan, January 21, 2025, 17:00 UTC). These factors suggest that $ADS is poised for continued growth, supported by strong market fundamentals and increasing investor confidence.

Technical analysis of $ADS reveals key indicators that traders should monitor closely. The Relative Strength Index (RSI) for $ADS stood at 65 on January 21, 2025, indicating that the asset is in a neutral zone but leaning towards overbought territory (Source: TradingView, January 21, 2025, 18:00 UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on January 20, 2025, with the MACD line crossing above the signal line, suggesting potential for further upward momentum (Source: TradingView, January 20, 2025, 20:00 UTC). Additionally, the 50-day moving average for $ADS was recorded at $2.10, while the 200-day moving average stood at $1.80, indicating a strong bullish trend (Source: TradingView, January 21, 2025, 18:00 UTC). Trading volumes for $ADS on January 21, 2025, reached a peak of $12 million during the Asian trading session, further underscoring the market's enthusiasm for the token (Source: CoinMarketCap, January 21, 2025, 08:00 UTC). These technical indicators and volume data provide traders with actionable insights into $ADS's potential future movements, emphasizing the importance of monitoring these metrics closely.

Michaël van de Poppe

@CryptoMichNL

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