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4 Solana Rivals to Buy Ahead of Bitcoin’s $100K

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6 hours ago

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The cryptocurrency market is heating up as Bitcoin approaches the anticipated $100,000 milestone. Amid this excitement, the Solana rivals capture investor interest with their impressive performance and unique innovations. These altcoins are poised for significant growth, presenting opportunities for those looking to diversify their crypto portfolios.

Solana Rivals Dogecoin (DOGE)

Dogecoin (DOGE), a popular meme coin inspired by the Shiba Inu “doge” meme, recently experienced a notable price surge. The cryptocurrency’s value has risen 150% over the past month. At the time of writing, the DOGE price is trading at $0.138. Over the last year, Dogecoin has surged by an impressive 106%, signaling growing investor interest and its position as a Solana rival in the crypto space.

Whale transactions involving Dogecoin have also spiked, underscoring heightened activity from large holders. In late October, transactions exceeding $100,000 increased sharply, coinciding with DOGE’s climb. This trend highlights significant whale interest, potentially driving further market movements.

4 Solana Rivals to Buy Ahead of Bitcoin’s $100K4 Solana Rivals to Buy Ahead of Bitcoin’s $100K
Source- Santiment

Aureal One

Aureal One, a platform that blends blockchain with immersive metaverse experiences, has sparked immense interest with its presale launch. The platform integrates gaming, virtual reality, and real-life applications, creating a unique ecosystem powered by the Aureal One Blockchain. 

Flagship projects DarkLume and Clash of Tiles showcase its potential to deliver engaging experiences and growth opportunities in the expanding metaverse space.

AurealOneAurealOne
Aureal One

Toncoin (TON)

Toncoin (TON) is gaining traction with its advanced Layer-1 blockchain technology, delivering fast transactions and low fees. At the time of writing, the TON price is $6.83. The cryptocurrency has surged by 6% in the past 24 hours. 

Over the past year, TON has recorded an impressive 183% growth, sparking comparisons to Solana as a strong competitor for 2024, especially with Bitcoin’s potential approach to $100K. 

TON’s total value locked (TVL) has reached $390.12 million, reflecting growing investor interest. This rising TVL signifies increased asset holdings within the network, underscoring TON’s expanding role in decentralized finance (DeFi) and its promising growth potential.

4 Solana Rivals to Buy Ahead of Bitcoin’s $100K4 Solana Rivals to Buy Ahead of Bitcoin’s $100K
Source- DeFilLiama

Cardano (ADA)

Cardano (ADA), a prominent third-generation blockchain, is renowned for its energy-efficient proof-of-stake (PoS) protocol. Over the past year, the ADA price surged 118%, with a recent 4% gain, trading at $1.09, strengthening its competition with Solana.\

Approximately 83.23% of ADA tokens, equating to 29.9 billion, remain “In the Money,” indicating profit based on acquisition costs. Meanwhile, 5.19% of tokens, equivalent to 1.86 billion ADA, are “Out of the Money.” Lastly, 11.59%, or 4.16 billion ADA, sit “At the Money,” reflecting break-even conditions.

4 Solana Rivals to Buy Ahead of Bitcoin’s $100K4 Solana Rivals to Buy Ahead of Bitcoin’s $100K
Source- IntoTheBlock

Solana rivals are strengthening their foothold as Bitcoin’s surge drives crypto market optimism. Their scalability, innovation, and growth potential make them key contenders for investors seeking high returns in the evolving blockchain ecosystem.

Frequently Asked Questions (FAQs)

Solana rivals like Dogecoin, Toncoin, and Cardano are showcasing significant growth and innovations, making them attractive as Bitcoin nears $100K.

Dogecoin’s recent 150% price surge, increasing whale transactions, and growing adoption highlight its market potential.

Aureal One combines blockchain with metaverse experiences, offering gaming and virtual reality innovations that attract investors.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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24/7 Cryptocurrency News

Here Are Key Fundamentals That Can Drive Cardano Price To $10

Published

1 day ago

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November 29, 2024

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Cardano (ADA) is currently riding the ongoing bullish market rally with its price soaring by 4.74% in 24 hours to $1.0478. While Cardano traded below the $0.3 price mark for the better part of the past year, the coin now have the prospect to reclaim its All-Time High (ATH) above $3.099.

ADA has shown enough prospect per its performance outlook in the trailing 52-week period. The question now remain whether or not it can soar to the $10 price mark this current bull cycle. Optimistic analysts remain convinced that this is the start for ADA price despite breaching the $1 pyschologically important level.

For Cardano to jump to $10, here are the top factors to note moving forward;

1. Cardano Whale Impact

ADA is one of the most loved digital currencies by large buyers. Though this metric is down by 11% in 24 hours per IntoTheBlock data, the cummulative volume, $26.34 billion, outranks the $8 billion recorded by Ethereum.

Cardano ADA Whale 7D OutlookCardano ADA Whale 7D Outlook
Cardano ADA Whale 7D Outlook. Source: IntoTheBlock

The Cardano whale transaction recorded a 26.09 billion ADA in 24 hours. Over the past week, the whale embrace in ADA terms jumped from a low of 26 billion to a high of 41.83 billion.

This figure is prove that new liquidity is entering the ecosystem regularly. If this trend is sustained, it might help push the price of the ADA to new highs soon.

2. Ecosystem Upgrades and Growth Fundamentals

Meanwhile, for a very long time, Cardano ranked as the Layer-1 with more robust developer activity. The protocol showcased this strength over the past few months when it launched the Chang hard fork upgrade on the mainnet.

Notably, this upgrade moved the protocol to the decentralized governance era, a pioneering move in the L1 ecosystem.

Beyond this, Cardano recently announced the testing campaign for Hydra Doom. The protocol plan to stretch the limits of the Hydra scaling protocol by incentivizing its large community to participate.

Notably, this ecosystem upgrades and products paints the protocol as an appealing one. It can draw in new users, fuel ADA adoption and ultimate help push Cardano price forward.

3. Correlation With Bitcoin

Cardano has a very strong links to Bitcoin with a correlation coefficient of 0.94 as teased in an earlier Coingape report.

This figure can help it ride the current Bitcoin price rally until it possibly hits the $10 mark. With the massive capital influence into Bitcoin through the spot ETF product to corporate buyers like MicroStrategy, BTC has the chance to hit unprecedented highs.

If this projection play out, Cardano may also benefit from this massive sentiment to hit a $10 ATH.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Cardano Hydra Unveils Gamified Test Campaign, ADA Price Reacts

Published

7 days ago

on

November 24, 2024

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Input Output Hong Kong (IOHK), the parent company of Cardano (ADA) has announced its upcoming Hydra testing campaign. Packaged as a gaming tournament on Doom, a title built on Hydra protocol, the startup said it plans to push the limit of the scaling solution.

Cardano Hydra Expectations

As IOHK revealed, the Hydra Doom deathmatch will kick off next month. The gamified testing is in stages and will feature both bots and humans. While the first round will feature players versus bots, the second round will see real players take on themselves.

Cardano plans to incentivize participation in the Hydra Doom tournament with a 100,000 USDM prize pool. Cardano developed the protocol as its solution to scaling the mainnet. Doom is one of the dominant DApps that even Charles Hoskinson promotes as a showcase of the Hydra innovation.

This is not the first time the protocol will carry out related testing on Hydra. It relies on the performance and statistics from this testing to firther develop the protocol.

As reported earlier by Coingape, in previous testing, Hydra Doom recorded a total transaction of 3 million in approximately 1 hour. Beyond this, it achieved a 1663 Global TPS. In addition, it recorded more than a constant 1000 transactions with no failed transactions. Lastly, Cardano Hydra Doom attained a 14% 1 hour chain load.

Community and ADA Market Reaction

Cardano remains one of the best performing assets in the market at the month. Despite ADA price crossing the $1 mark, top market analysts believes it is just getting started.

Initial reaction that trailed the Hydra Doom testing has further sparked community intrigue. Many members of the Cardano ecosystem confirmed sign ups to the testing event, boosting ADA price sentiment.

At the time of writing, the coin was changing hands for $1.06, up 8.62% in 24 hours. Within this time span, the coin jumped from a low of $0.9508 to a high of $1.16. Riding on the broader Bitcoin price momentum, Cardano appears poised to reclaim new highs and current ecosystem upgrades might help achieve this goal.

 

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Cardano Price Hits $1 But Analyst Says This Is Just The Start

Published

1 week ago

on

November 23, 2024

By


Similarly,

Nonetheless, experts claim that this has only begun, with some contributing on the projection of the future events. As ADA enjoys the bullish on-chain metrics, the question that continues to be asked is; where is ADA headed next?

Cardano Price Records 30% Surge to $1 Amid Bullish Metrics

After the recent crypto rally, Cardano price has grown by 30%, with a current price of $1.06 within 24 hours. The present value is the highest ADA has reached since April 2022. Trading activity also rose sharply with volumes going up by 150% to $6.7 billion in a single day.

More so, the crypto rally aligns with recent analysis predicting ADA price could cross the $1 mark this weekend. Analysts have suggested that the crypto is yet to fully realize its potential. Ali Martinez expressed optimism stating,

“$ADA has surged nearly 200% in the last three weeks! But that’s nothing compared to what is coming.”

As one of the leading crypto analysts, Ali Martinez claims that all that has happened with Cardano is a warm-up to even bigger gains. Martinez noted that ADA whales with stakes between $1 million and $10 million have seen their ADA holding rise by over 100% in the last month. This has resulted in large transactions exceeding $22 billion daily on the network, signifying robust accumulation activity.

From a technical standpoint, Martinez noted that ADA is mirroring its previous bullish cycle. If this pattern continues, ADA could aim for targets as high as $6. However, he emphasized that the $0.80 support level, where 1.2 billion ADA were purchased by 48,000 addresses, remains crucial for sustaining the current bullish trend.

On-Chain Metrics Show Strong Momentum

In addition, on-chain data underscores the bullish sentiment surrounding ADA. According to CoinGlass, Cardano price has benefited from a 34% increase in open interest, which now stands at $972 million.

Moreover, short liquidations have reached $9.77 million in the past 24 hours, indicating that traders betting against ADA’s rally were forced to close their positions. This forced buying pressure has further fueled ADA price growth during the ongoing crypto rally.

Additionally, data from Santiment highlights Cardano’s tripling market cap over the past 17 days. Concurrently, the crypto recorded $165 million in realized profits in a single day, the highest in eight months. More so, the data show Social media discussions about ADA have reached an 11-month high, underlining the growing interest within the community.

Source: Santiment ADA priceSource: Santiment ADA price
Source: Santiment

Another analyst, Dan Gambardello, noted that ADA’s trajectory over the past three weeks, which saw nearly 200% growth, mirrors its previous bullish patterns. He identified key support zones around $0.80 and resistance near $1.05, suggesting further upside potential.

Gambardello was also keen to point out that, based on this narrative, Cardano price could potentially have its sights set on a $10 target. This recent rally has triggered different analysts and investors weigh in on possible price targets ADA, ranging from $1.00 to as high as $15.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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