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Cardano Ecosystem

Finbold

12/05/2023

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Best cryptos to buy now

Recent surges of leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) have paved the way for other digital assets to continue along the path of gains. Lesser known but thus more affordable, these...

Best cryptos to buy now

Recent surges of leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) have paved the way for other digital assets to continue along the path of gains. Lesser known but thus more affordable, these picks project strong fundamentals that may reward their investors in the future.

Anticipating a change in the Federal Reserve’s position, there’s an expectation for upward movements in Bitcoin, silver, and gold. If you’re contemplating which cryptocurrencies to invest in, here are compelling reasons to consider these three high-growth options before their potential explosive rise.

Cardano (ADA)

Cardano (ADA) is poised for potential growth soon, as experts note that the current phase shares striking similarities with its previous consolidation period.
Over the past three months, a noteworthy rise in ADA transactions surpassing $100,000 has risen, consistently achieving new peaks. This upswing indicates a burgeoning interest in ADA from institutional players and large-scale investors, typically signaling an imminent price surge, per a post on X from December 4 by crypto analyst Ali Martinez.

Surge in ADA transactions worth more than $100,000. Source: Ali Martinez
Surge in ADA transactions worth more than $100,000. Source: Ali Martinez

Meanwhile, ADA is changing hands at $0.40, experiencing a decrease of -1.90% in the previous 24 hours; additionally, it added 7.41% over the past 7 days, adding to the gains it made in the last month, which amounted to 19.66%.

ADA 7-day price chart. Source: Finbold
ADA 7-day price chart. Source: Finbold

Dogecoin (DOGE)

Dogecoin (DOGE) has overcome a significant hurdle of $0.087 on its path to bullish continuation, and it could potentially lead to a doubling of the price of the meme digital asset.

The next objective for DOGE enthusiasts will likely be $0.095, a threshold untouched since the initial week of April. With the current momentum of the coin and the prevailing optimistic sentiment across the broader crypto market, there is an increasing belief that meme coin might be set to conclude the year on a solid note.

At the time of press, DOGE is trading at $0.0884, representing a loss of -1.05% in the previous 24 hours, contrary to the weekly gains of 14.27% and a monthly increase of 26.89%.

DOGE 7-day price chart. Source: Finbold
DOGE 7-day price chart. Source: Finbold

Polygon (MATIC) 

Polygon (MATIC) comes into play, serving as an Ethereum Layer 2 scaling solution. Layer 2 solutions are constructed atop an existing blockchain to improve scalability and address high transaction fees and sluggish processing times.

Polygon’s primary objective is to assist blockchains in mitigating these challenges within their networks. The network claims the ability to handle thousands of transactions per second (TPS), a significant enhancement compared to Ethereum’s TPS rate of around 15. These improvements show the constant dedication of the development team towards enhancing the MATIC service and user experience, making it a viable investment.

At the time of press, this token is trading at $0.79, marking a decrease of -3.80% in the past 24 hours, contrary to the gains of 7.30% on the weekly chart and 15.13% in the past 30 days.

MATIC 7-day price chart. Source: Finbold
MATIC 7-day price chart. Source: Finbold

Despite these cryptos showcasing strong signals right now, it is wise to consider as many factors as possible when investing, as this will allow you to lower the risks to the minimum.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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