Logo
Cardano Ecosystem

Usethebitcoin

05/08/2024

·

130 views


Can Cardano (ADA) Touch $20 And Steal The Spotlight From ETFSwap (ETFS) And Solana (SOL)? - UseTheBitcoin

Amid uncertainties trailing the crypto market, especially since the 2024 bull run ended abruptly, investors and analysts have been wondering if Cardano (ADA) will ever get to $20, and topple Solana (SOL) and...

Can Cardano (ADA) Touch $20 And Steal The Spotlight From ETFSwap (ETFS) And Solana (SOL)? - UseTheBitcoin

Amid uncertainties trailing the crypto market, especially since the 2024 bull run ended abruptly, investors and analysts have been wondering if Cardano (ADA) will ever get to $20, and topple Solana (SOL) and  ETFSwap (ETFS) as the best pick among crypto assets. 

As Cardano (ADA) holders continue to anticipate, crypto price prediction platform Telegaon has predicted that the token will most likely hit and surpass the $20 mark by 2040. 

Cardano (ADA) Price Tumble Spells Possible Grim Fate For Investors 

In the wake of volatility following the 2024 Bitcoin (BTC) halving, Cardano (ADA) price declined by 35% to below $0.43 and had $7 billion wiped out from its market capitalization. Although it’s trading at $0.46 as of this writing, analysts fear that it may further reduce to $0.3 if the bulls fail to rebound from the $0.4 support. 

Despite the current unfavorable trend, Telegaon strongly believes that Cardano (ADA) will still moon to $10 this year. Investors are now left to decide if they should hold on to their bags, hoping that it steals the spotlight soon or sell off and re-channel their investment to another network.

However, the platform believes that those waiting for Cardano (ADA) to get to $20 will most likely have to hold on to that faith for the next 16 years.

Solana (SOL) Continues To Show Bullish Trend Despite Massive Liquidation

Within the past few days, traders on the Solana (SOL) ecosystem have suffered massive liquidations to the tune of $9 million. However, thanks to investor confidence and market acceptance, the coin has made a dramatic comeback. 

After dipping below $140, it has now bounced back, trading at $147 as of writing this article. This bullish trend is not unconnected to the increased trading volumes on the Solana blockchain, and the bullish activities of the numerous meme coins built on the network. 

With a $65.5 billion market capitalization, and $3 billion in daily trading volume, Coinpedia predicts that Solana (SOL) may reach $500 in 2024. Analysts at CoinDCX, on the other hand, suggest that the price will only increase to around $350 this year. 

Whichever of these predictions come true, it would most likely be an upgrade from its all-time high of $260. 

ETFSwap (ETFS) Gains Investor Confidence as the Next Revolutionary Token 

As the crypto market tries to recover from the downward trend following widespread liquidations, ETFSwap (ETFS) presents investors with an opportunity to enjoy sustained stability by bringing traditional ETFs to the blockchain for trading through tokenization.

ETFSwap (ETFS) is a promising ecosystem that allows traders to engage in ETF asset trading with up to 10% leverage without an expiration date. With its transparent, efficient and secure technology, audited by leading blockchain security firm CyberScope, ETFSwap (ETFS) has piqued the attention of big money investors, as they can see the future potentials of the ecosystem and its native token, ETFS. 

The platform has been launched to bullish sentiment, raising a whopping $750,000 in just three days from five institutional and angel investors. To preserve the integrity of the DeFi platform, the ETFSwap (ETFS) team declined tens of millions of dollars from venture capitalists (VCs) to ensure a fully democratic platform, allowing regular investors full control and guarantee massive profit for them. 

Following the completion of the private sale, the platform kicked off its public presale stage 1, selling out over 50 million tokens in less than a week. This rapid adoption from crypto investors has led market experts to predict that the presale will sell out ahead of its projected timeline. So, it is imperative that investors get in as early as possible before the presale completely sells out.

Whales in the Solana (SOL) and Cardano (ADA) community have hurriedly secured huge bags of ETFSwap (ETFS), showing their belief in the platform and its future potential. ETFSwap (ETFS) is expected to rise high and become a “profit cheat code” like Solana (SOL) and Cardano (ADA). 

This is why investors, especially those who missed out on buying these Cardano (ADA) and Solana (SOL) at their early stages, have decided to not let this opportunity pass them by. With over 50 million tokens already sold out, ETFSwap is expected to rise massively and steal the spotlight among other utility tokens in the nearest future. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Usethebitcoin

ORIGINAL SOURCE

https://usethebitcoin.com/can-cardano-ad...

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.


Genius Yields DEX Launched!

More from Usethebitcoin

See more
What is Leased Proof-of-Stake (LPoS)? How Does It Work?
Usethebitcoin
What is Leased Proof-of-Stake (LPoS)? How Does It Work?

05/30/2024

·

87 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)