Logo
Cardano Ecosystem

Finbold

02/08/2024

·

31 views


Here’s Why Cardano Is Up Over 10% As New Altcoin Also Sees Gains | Finbold

Press Releases are sponsored content and not a part of Finbold's editorial content. For a full disclaimer, please click here. If you encounter any issues, kindly report them to [email protected]. Crypto...

Here’s Why Cardano Is Up Over 10% As New Altcoin Also Sees Gains | Finbold

Press Releases are sponsored content and not a part of Finbold's editorial content. For a full disclaimer, please click here. If you encounter any issues, kindly report them to [email protected]. Crypto assets/products can be highly risky. Never invest unless you’re prepared to lose all the money you invest.

Cardano has exploded 11% today, sparking excitement of a broader uptrend continuation after a lengthy pullback.

Meanwhile, trending presale Bitcoin Minetrix is also poised with bullish momentum as it surpasses the $10.5 million mark.

ADA Sprung By L1 Narrative and Price Chart Breakout

Multiple factors have aligned, enabling Cardano to outperform other top 10 cryptocurrencies today.

Beginning with its fundamentals, a recent five-hour outage on Solana has highlighted the technical benefits of Cardano.

Numerous community members have highlighted this observation, one being WaWa, who explained:

“One thing I love about Cardano is it is always on & running. It might be slow, but it is always on, you do not have to worry about it shutting down. There is more volume in Solana, but I would never trade anything to move to a chain where it might be down in a surprise.”

Meanwhile, GenZod highlighted Cardano’s superiority over Solana and Ethereum, stating, “We are built on real principles & we don’t believe in high fees or constant reboots. Solana has been rebooted more times than Batman movies.”

Solana has fared as a favorite among investors in recent months thanks to its low fees and high scalability. However, the recent outage highlighted a significant risk, which has spotlighted Cardano as a promising alternative.

Moving to its price-related factors, analyst Ali Martinez, who goes by Ali_Charts on X, noted that Cardano is breaking out of a descending triangle, which is a bullish occurrence that promises more upside.

Meanwhile, trader Sssebi recently explained that Cardano has been struggling under the 4-hour chart’s 200-day moving average but has finally begun to break above it.

“For the first time in weeks, it has broken out, let’s see if the next candle manages to close above and get the bounce. If yes, $0.55 incoming,” the analyst wrote.

Ultimately, the convergence of technical and fundamental advancements is fast-tracking Cardano’s rise, enabling it to outpace other leading market players.

But another crypto experiencing an equally bullish trajectory is Bitcoin Minetrix. The token is currently undergoing a presale, providing an early opportunity to buy at a discounted ICO price.

Bitcoin Minetrix leverages a flagship Stake-to-Mine model to enable effortless and secure Bitcoin cloud mining on the Ethereum network.

Powered by Ethereum smart contracts and the decentralized $BTCMTX token, Bitcoin Minetrix tackles the pervasive issue of cloud mining scams, which have deterred everyday people from mining Bitcoin with cloud technology.

The platform works by users buying and staking $BTCMTX in exchange for Bitcoin mining credits, which they can burn for cloud mining power. This then translates to free BTC.

Bitcoin Minetrix’s seamless user dashboard and “done-for-you” system means even total beginners can start cloud mining BTC. Unlike traditional Bitcoin mining, there are no hardware or technical expertise requirements; all users need is an Ethereum-compatible wallet and $BTCMTX tokens.

Since rewards are primarily paid in mining credits, the $BTCMTX token will directly benefit from incoming utility-driven demand, enabling its price to flourish.

This has caught the eye of the mainstream crypto media, influencers, and investors alike.

As well as raising over $10.5 million, influencers like Jacob Bury have backed Bitcoin Minetrix to explode, and it has been covered in outlets like Bitcoin Magazine, Cointelegraph, and Business Insider.

Presale buyers can stake their tokens immediately. Currently, the staking pool offers a 64% APY, but this decreases as more tokens are deposited.

Visit Bitcoin Minetrix Presale

AD

TapTax - Cardano Crypto Taxes Made Simple. Available Now!

Simplify your Crypto Tax experience! From a passive holder, to day trader, to NFT project, we have your taxes covered.BUY NOW!


Read Original Article on Finbold

ORIGINAL SOURCE

https://finbold.com/heres-why-cardano-is...

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 Finbold

See more
Genesis’ $1.5 Billion GBTC Sale: Bitcoin Crash Ahead? Cardano and Monero Rival Poised for Notable Gains
Finbold
Genesis’ $1.5 Billion GBTC Sale: Bitcoin Crash Ahead? Cardano and Monero Rival Poised for Notable Gains

last Friday at 10:45 AM

·

4 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)