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The project has a strong use case as a Web3 decentralized application protocol, and a possible contender for the Ethereum throne. ADA price has been trending steadily upwards for the past month, an attractive candidate for traders with technical analysis skills can take a closer look at. It’s worth noting that Cardano’s number of inactive holders has now reached an 18 month high.is a three-month old meme coin with significant activity developing on social media.
However, the volatile price action has presented plenty of opportunity for swing traders over the last 30 days, and the ongoing airdrops and rewards programs being funded by the project could well serve as the price catalyst needed for HIPP to gather the kind of upward momentum for which the meme coin industry is famous. Again, would-be investors would do well to be cautious when dealing in low-cap coins with volatile price action.
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