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

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1 month 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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Cardano

Cardano (ADA) Price Recovery to $1 Unlikely As Whales Retreat

Published

7 days ago

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January 2, 2025

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Cardano (ADA) price surged by 10% in 24 hours, showing signs of a potential bullish trend for 2025. The recovery follows late 2024 gains as broader crypto markets stabilize. However, reaching the $1 mark may face hurdles, with declining whale activity raising concerns. Bitcoin’s climb above $97,000 has boosted market sentiment, contributing to recovery. Cardano’s future momentum depends on growing investor confidence and reduced selling pressure from major holders.

Cardano Price Loses Momentum

The Cardano price has climbed above $0.90 after an 8.69% surge in the last 24 hours. The ADA price now trades at $0.957, marking a 5% daily increase. This growth aligns with a broader upward trend in the crypto market over the past week.

Cardano (ADA) has gained 10% over the last seven days, solidifying its position as the ninth-largest cryptocurrency by market cap. ADA is capturing investor attention ahead of the anticipated 2025 bull run.

Cardano (ADA) Price Recovery to $1 Unlikely As Whales RetreatCardano (ADA) Price Recovery to $1 Unlikely As Whales Retreat
Source: TradingView

ADA Holders Flee as Momentum Dissipates

ADA price retraced from its recent peak of $1.3264 as daily active addresses dropped to pre-pump levels seen before November 3. Despite only a 30% decline in price, the network has seen a sharp drop in investor engagement, highlighting a lack of sustained interest in the asset.

Network growth metrics, which spiked alongside the rally, have now slowed significantly. This suggests waning momentum and reduced confidence among ADA holders. The decline in daily active addresses signals that participation has weakened despite the asset’s relatively moderate pullback in price.

Cardano (ADA) Price Recovery to $1 Unlikely As Whales RetreatCardano (ADA) Price Recovery to $1 Unlikely As Whales Retreat
Source- Santiment

Whales Dump ADA as Momentum Fizzles Out

On December 11, the whale category holding 10 million to 100 million ADA possessed 12.15 billion ADA. Meanwhile, the whale group holding 1 million to 10 million ADA had 5.64 billion ADA.

This decline in holdings by significant ADA stakeholders signals bearish momentum for Cardano, as whale dumping often precedes price weakening.

Cardano (ADA) Price Recovery to $1 Unlikely As Whales RetreatCardano (ADA) Price Recovery to $1 Unlikely As Whales Retreat
Source-Santiment

Cardano Price Analysis & Targets

Cardano (ADA) price is gaining upward traction after consolidating near the $0.80 level. The cryptocurrency has moved towards $0.96, showing resilience despite a prolonged period of price stagnation.

The four-hour chart highlights clear resistance and support zones, offering critical insights into potential price movements. The immediate resistance stands at $1.00, which has historically served as a psychological barrier. Breaking above this level could pave the way for a test of $1.30. On the downside, the $0.80 zone acts as robust support, with $0.70 and $0.50 as secondary fallback levels.

The Relative Strength Index (RSI) has entered the overbought territory, currently hovering near 67. This suggests growing buying pressure, although the market might soon face a brief correction.

Cardano (ADA) Price Recovery to $1 Unlikely As Whales RetreatCardano (ADA) Price Recovery to $1 Unlikely As Whales Retreat
Cardano (ADA) Price Chart: TradingView

The Cardano price recovery shows promise, but declining whale activity raises challenges. Sustained investor confidence and renewed market participation will be crucial for ADA to break past the $1 resistance.

 

Frequently Asked Questions (FAQs)

$1 serves as a psychological and historical technical barrier for Cardano.

Declining whale activity signals bearish momentum and reduced investor confidence.

Key support levels include $0.80, with secondary levels at $0.70 and $0.50.

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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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Cardano Price Eyes Rally To New Highs As Bull Flag Appears

Published

2 weeks ago

on

December 24, 2024

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The price of Cardano (ADA) has joined the so-called Santa rally, a trend that is amusing investors after a very volatile week. Earlier, the price of the coin dropped to a 4-week low of $0.7659 and entering a short period of consolidation afterward. With the latest bullish uptick, the digital currency is likely to leverage its bull flag setup to soar higher.

ADA Price and Future Projections

At the time of writing, the price of the ADA has jumped by 6.66% and was changing hands for $0.9412. According to market analyst @Av_Sebastian, there is a whole lot of reasons to agree with the ADA bull flag formation. He presented an ADA/USD 1D chart that shows Cardano breaking out around the $0.93 price mark.

Notably, this price level formed a strong resistance for ADA over the past week. With just a few attempts to break above this level within this period, the ongoing rally marks a significant stride. The bull flag is a technical setup formed in periods of consolidation within an uptrend.

If Cardano ends up with a bullish candle on the daily, the coin might eventually break the $1 price mark in the short term. This projection aligns with previous ADA price analysis where top analysts project a $2.60–$2.80 based on Elliott Wave projections.

Is Cardano Undervalued?

Cardano is a Proof-of-Stake (PoS) protocol, considered as an Ethereum killer. Many see the coin as undervalued, considering its growing role in the Decentralized Finance (DeFi) ecosystem.

Despite the growing backlash against the protocol and its founder Charles Hoskinson, the push for growth remains intact. Recently, Hoskinson proposed that the Cardano Foundation should move to Abu Dhabi or Wyoming in a bid to drive community governance.

The protocol, through the Chang hard fork upgrade, has made significant strides to democratize its governance systems. This, and alliances like the Bitcoin DeFi push makes ADA an appealing coin for long term growth.

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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.

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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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Can Cardano Price Rally To $2 As ADA Whale Activity Surges?

Published

3 weeks ago

on

December 16, 2024

By


Recent data reveals a substantial surge in whale activity on the Cardano (ADA) network. Analyst Ali Martinez reported 687 transactions exceeding $1 million within 24 hours, signaling strong interest from large investors. This influx of capital reflects growing confidence in ADA’s future growth as Cardano price eyes a potential rally to $2.

Concurrently, Charles Hoskinson, the founder of Cardano, reaffirmed the importance of a community-driven ecosystem, stating that the cryptocurrency is approaching a milestone that could make it unstoppable in 2025.

Cardano Whale Transactions Surge as Charles Hoskinson Highlights ADA’s Growth

Analyst Ali Martinez highlighted a sharp rise in ADA whale activity, with 687 transactions exceeding $1 million recorded within 24 hours. This activity marks a significant influx of institutional capital into Cardano. In the preceding 48 hours, whales purchased over 80 million ADA tokens, valued at $85.6 million. 

ADA WHALESADA WHALES
Source: X

More so, the trend follows consistent accumulation patterns observed earlier in the month. The large investors buying spree reinforces the ADA whales confidence in ADA’s long-term potential. Such large-scale accumulations by whales often signal an upcoming Cardano price rally as buying pressure increases and investor confidence grows.

Additionally, Charles Hoskinson commented on the network’s future, emphasizing that Cardano’s vision is to be governed by its users. He outlined two critical milestones, ratifying the community budget and the constitution. The Cardano founder believes these milestones will establish Cardano as a leading crypto in 2025.

Hoskinson emphasized, 

“We are at a very critical inflection point where that dream is almost a reality. It’s my life’s work to see Cardano grow to this point. In 2025, we will see it through.”

Market Outlook: Can Cardano Price Reach $2?

Following the recent surge in whale activity, Cardano price experienced a modest rise, increasing 3% in 24 hours to $1.09. Trading volume saw a significant spike, rising 81% to $1.66 billion, indicating strong market participation. Cardano’s market cap currently stands at $38.44 billion, reflecting investor confidence amidst ongoing accumulations. Consequently, Cardano price saw a 45% increase over the past month. 

Moreover, the 4-hour Moving Average Convergence Divergence chart analysis indicates a bullish trend. This is evident as the MACD line starts to cross above the signal line, signaling an upward momentum. Additionally, the histogram bars are transitioning from red to green, which reflects strengthening buying pressure.

Analysts project potential ADA prediction targets of $1.46, $1.76, and $2.04 if bullish conditions persist. However, a drop below the $1.00 support level could disrupt this outlook. ADA price targets suggest gains of up to 92% from current levels, with $2.04 identified as a critical resistance point.

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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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