Shiba Inu, Cardano, and Solana: On-Chain Analyst Predicts Price Rebound

• The TD Sequential indicator signals a buy on daily charts for Solana, Shiba Inu, and Cardano.
• Recent developments in Shibarium, Sundae v3 Cardano, and ZK compression Solana highlight innovation and adoption.

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Renowned on-chain analyst Ali Martinez recently pointed out a positive indicator for three important altcoins in a tweet. Martinez reports that on the daily charts for Cardano (ADA), Shiba Inu (SHIB), and Solana (SOL), the TD Sequential indicator has flashed buy signals.

This is increasing hopes for a price recovery for these coins. Also, check out the most recent developments in these three cryptocurrencies.

The TD Sequential presents buy signals on the daily charts of #Solana, #ShibaInu, and #Cardano, anticipating a price rebound for these #altcoins! pic.twitter.com/P8ZOYm9qTu

— Ali (@ali_charts) June 25, 2024

Surge in Transaction Fees at Shiba Inu

Recently, transaction fees have jumped by 493% in Shiba Inu’s layer-2 solution, Shibarium, according to recent data. There have been conjectures concerning this astounding rise’s possible effects on SHIB’s market value. Investors and enthusiasts are closely monitoring how this may affect SHIB’s performance over the coming days.

At the time of writing, the SHIB price is about $0.0000173, up 1.75% in the last 24 hours.

Cardano Sundae v3 Adoption Increases

Also, Cardano is generating news with Sundae v3, its decentralized exchange (DEX) system. The procedure most recently reported handling about 9,264 orders in a day that ended on Sunday.

This noteworthy event shows how much the Cardano ecosystem is being used and how appealing it is to both developers and users. As of writing, the ADA price is trading around $0.3898, having increased 4.29% in the last 24 hours.

Solana Presents Compressive Zero-Knowledge

Notable for its lightning-fast blockchain, Solana has unveiled a ground-breaking capability called zero-knowledge (ZK) compression, as previously reported by CNF. With Light Protocol and Helius Lab, this invention seeks to improve efficiency and scalability on the Solana network.

This development should draw in additional projects and developers for Solana, therefore fortifying its standing in the cryptocurrency market. As of this writing, SOL’s price was around $135.49, up 7.68% over the last 24 hours.

These latest updates, together with the buy signals that Ali Martinez found, point to a bright future for Solana, Shiba Inu, and Cardano. Prices may appreciate more as these networks develop and improve. Let’s see.

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