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- 🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
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On May 20, Eleanor Terrett reported that the GENIUS Stablecoin Bill passed a procedural vote (66-32), officially entering the review phase, though it hasn't yet become law. This marks significant progress toward the first U.S. federal stablecoin regulation framework. Is this a positive compliance step or a sign of increasing regulatory pressure? Share your thoughts!
🔵 #SOL Breaks $170#
SOL has passed the $170 mark, currently trading at $170.01, up 0.9% in the past 24 hours. However, according to regulatory filings submitted Monday, the SEC has extended the review d - 🔥 Gate Post Ambassador Exclusive Posting Reward Task Is On!
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$8 ADA ATH Expectation Grows As Nearly $1 Billion Worth of Cardano Has Been Withdrawn From CEXs
Nearly $1 billion worth of Cardano has been withdrawn from CEXs.
This bodes as a very bullish sign for the price of ADA to pump radically
Analysts have set $8 as a possible ATH target for ADA price.
One of the most bullish altcoins for the ongoing bull cycle is Cardano’s native token ADA. The price of ADA is expected to hit a much higher ATH when the altseason peak phase approaches. One of the most recent bullish indicators for ADA to pump is the fact that nearly $1 billion worth of Cardano has been withdrawn from centralized exchanges since the beginning of 2025
Nearly $1 Billion Worth of Cardano Has Been Withdrawn From CEXs
Charles Hoskinson made a lot of promises for the Cardano network. However, his promises would take a long time to fulfil, due to an extensive and thoroughly thought-out roadmap. To specify, Hoskinson began to build Cardano soon after Ethereum launched, but its progress was a lot slower than Ethereum's. Of course, this was intended as Hoskinson wanted to deliver a truly decentralized blockchain without any compromises, which would take time
Thus, while Ethereum grew along with the price of ETH, Cardano’s progress was a lot slower, leading to many ADA holders dropping the token out of frustrations. However, true believers stuck by Cardano and its slow and steady, peer-reviewed progress. They say that the price of ADA was growing steadily despite the blockhain’s slow progress, this showed promising gains in the future when Cardano would be ready.
Now, after 10 long years, Hoskinson is pleased to see his vision come to life in what the entire crypto community acknowledges as a truly decentralized blockchain, Cardano. With so much progress on the Cardano network since the last bull cycle, analysts are certain that the price of ADA will soon pump exponentially, reflecting this progress onto its price. This, paired with expectations for a Cardano ETF to be approved soon and the upcoming ‘Glacier Drop’ airdrop, has only drawn more attention to Cardano and ADA.
As we from the post above, nearly $1 billion worth of Cardano’s ADA, that is $932 million ADA tokens, has been withdrawn from centralized exchanges since the beginning of 2025. This is an extremely bullish sign that the price of ADA will pump exponentially. The fact that ADA is being bought and moved off centralized crypto exchanges signifies high expectations for the price of Cardano (ADA) to pump parabolically soon
$8 ADA ATH Expectations Come to Light
As ADA continues to show bullish pump signs, analysts are taking a closer look at the altcoins price chart looking for signals for when and how much the price of ADA will pump. From the earlier post, the outflows of the same pattern arrived in 2021 when ADA hit its previous ATH at $3.10. Now, the analyst int he post above says that ADA is working its way to setting a new ATH target at $8 by August