Cardano Eyed as Future “Lobbyist Currency” Despite Recent Market Turbulence
The post Cardano Eyed as Future “Lobbyist Currency” Despite Recent Market Turbulence appeared on BitcoinEthereumNews.com.
WallStreetBets founder predicts Cardano will become key currency for lobbying in 2025 Community sentiment turns negative as price retreats below $1 Whales accumulate 160M ADA despite market weakness In a notable forecast that has captured the crypto community’s attention, WallStreetBets founder Jaime Rogozinksi has positioned Cardano’s ADA token as the future “official lobbyist currency” for 2025. This prediction, made amid broader market projections including SUI’s potential rise and Ripple’s stablecoin dominance, deserves careful analysis for its implications on Cardano’s future role in regulatory and political spheres. Cardano Market Sentiment Analysis The timing of Rogozinksi’s prediction is particularly interesting, as it comes during a period of declining market sentiment. The weighted sentiment metric has experienced a significant drop from 2 to -0.786 on Santiment’s scale, reflecting growing uncertainty among market participants. 2025 Crypto predictions:– $SUI takes over $SOL– $ADA becomes official lobbyist currency– $XRP (ripple) takes over the stable market Did I miss any? — wallstreetbets (@wallstreetbets) December 18, 2024 This sentiment shift coincides with Cardano’s price retreat from its Trump-rally high of $1.3264, suggesting a disconnect between long-term institutional outlook and current market psychology. Despite the bearish market indicators, large investors appear to maintain confidence in Cardano’s long-term prospects. Recent data shows whale addresses accumulating 160 million ADA tokens, valued at approximately $160 million. This substantial accumulation during a period of price weakness and negative sentiment suggests that institutional investors may be taking advantage of current market conditions to build positions. The daily chart reveals what appears to be a lower high formation, typically a bearish technical signal. However, this price action occurs against the backdrop of significant whale accumulation, creating an interesting dynamic between technical selling pressure and institutional buying interest. The convergence of Rogozinksi’s bullish prediction, negative retail sentiment, and continued whale accumulation creates a complex market environment…
Filed under: News - @ December 19, 2024 8:16 pm