With Cardano (ADA) stuck in the $0.35 mark, some investors are exploring options with higher upside potential, especially with the rise of meme coins like Shiba Inu (SHIB) and the new viral contender, IntelMarkets (INTL). Investors are now asking: is it time to switch from traditional blockchain projects to high-reward altcoins?
Cardano’s Rocky Road: Investors Stuck at $0.35
Cardano's (ADA) latest price movement follows a bearish pattern, with the cryptocurrency rejecting its rising trendline resistance. Last week, this trendline—which was derived from many lows since August—was breached suggesting that the market may be about to change course.
Unfortunately, the price went back to the current level of $0.33 over the weekend after Cardano (ADA) tried retesting this trendline and failed. Currently, ADA trades in between $0.346 and $0.367. The coin has seen a decline of 6.49 percent following a drop of 26.70% in six months. This steady decline indicates that there is selling pressure on the coin.
However, the technical indicators are conflicting. The RSI is close to oversold territory at 39.98. Additionally, the stochastic is at 31.11, which may indicate overselling. With a negative MACD of -0.003217, bearish momentum is evident.
At this point, investors are tired of being stuck at the long-lasting price mark of $0.35. It is most probable if the ongoing trend doesn’t change, investors will move out to better options.
Shiba Inu's New NFT Bridge: A Game Changer?
Recently, the SHIB development team has released an NFT bridge on its Layer-2 blockchain called Shibarium aiming to improve the ability of the platform functioning of NFTs based on Ethereum. This launch has also sparked speculation of a SHIB price surge as Shibarium adoption increases.
This new feature enables individuals to link their Web3 wallets, such as MetaMask or TrustWallet, to deposit and withdraw Ethereum network NFTs. The NFT bridge on Shibarium also simplifies accessibility and may put Shiba Inu's ecosystem in a position to draw in more people.
Shiba Inu's market performance has shown encouraging momentum since the debut of the NFT bridge. Currently, the Shiba Inu is trading at $0.00001857 following an 8.18% rise over the past 3 days. This is aligned with the recent boom of the cryptocurrency industry with the recent break above $71,000 by Bitcoin.
According to CNF, experts are feeling optimistic about SHIB's growing price trend. It is anticipated that the NFT bridge functionality would increase liquidity within the Shiba Inu ecosystem, hence increasing the token's appeal.
AI, Dual-Chain, and 1,000x Leverage – How INTL Is Redefining Crypto
While experts predict a gloomy outlook for Cardano (ADA), they predict a bright future for this new coin named IntelMarkets (INTL) which is making headlines with its ongoing momentum.
This new coin is native to its upcoming AI-powered trading platform which is supposed to be the crypto world’s first true modern-gen trading platform.
This platform brings top-notch features like multichannel analysis, omnichannel processing, dual-chain trading options, Rodeum AI-powered trading robots, enhanced market access, and up to 1000x leverage. These are being hailed as features which will change how we do trading for once and ever.
Furthermore, IntelMarkets' (INTL) ongoing presale has been showing unstoppable momentum which has played a big role in all the hype surrounding this project. This presale successfully raised over $1.6M, following $550k in private funding from Fortune 500 investors.
The INTL token is currently being sold for only $0.03 and is anticipated to show gains of up to 12000% upon its official launch in the market. The presale is still in its early stages, you can be one of its early investors and reap big profits upon its official launch.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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