- Cardano’s strength in the ADA/JPY pair is a unique advantage.
- If this trend continues, ADA could see significant growth driven by the East.
Cardano [ADA] has maintained its top 10 status, but recent price action has been stagnant with no clear direction.
The lack of significant breakout movements has left traders wanting more.
However, a closer look reveals a promising trend. Cardano is gaining traction in Japan, with increasing demand in the ADA/JPY pair indicating a growing interest among retail investors.
According to AMBCrypto, this localized momentum could give ADA an edge, especially in Japan where regulatory clarity and long-term vision are highly valued, aligning with Cardano’s core principles.
Cardano’s Appeal to Japan’s Long-Term Investment Focus
Japan’s shift towards a decentralized future is epitomized by Metaplanet, an investment firm based in Tokyo that has significantly increased its Bitcoin [BTC] holdings to 7,800 BTC, equivalent to around $850 million.
With a target of 10,000 BTC by 2025, Metaplanet is becoming a major player in institutional Bitcoin accumulation, potentially blurring the line between institutional and nation-state holdings.
The recent surge in ADA/JPY volume, surpassing $400 million, suggests that Japan is recognizing Cardano as a long-term asset. This growing trend could lead to a significant moment for ADA similar to what Metaplanet is experiencing with Bitcoin.
ADA Awaits Institutional Catalyst
Unlike other high-cap cryptocurrencies benefiting from institutional flows, Cardano lacks significant institutional support to propel its next rally.
While Bitcoin and Ethereum benefit from spot ETFs, Ripple dominates futures markets, and Solana has strong backing from DeFi development funds, Cardano is still searching for its institutional breakthrough.
The strong volume flows in the ADA/JPY pair, with a 323.24% daily increase and $143.24 million in trading volume, highlight Japan’s interest in Cardano compared to weak demand in the U.S., which may explain ADA’s consolidation below $1.
If this regional momentum continues, it could be the institutional push ADA needs to break out, driven by the growing interest from the East.
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