With Cardano (ADA) sinking past the $0.35 mark, some investors are exploring options with higher upside potential, especially with the rise of meme tokens like Shiba Inu (SHIB) and new viral contender IntelMarkets (INTL) rise. Investors are now asking: Is it time to switch from traditional blockchain projects to high-return altcoins?
Cardano’s rocky road: Investors stuck at $0.35
Cardano’s (ADA) latest price action follows a bearish pattern, with the cryptocurrency rejecting its rising trendline resistance. Last week, the trend line, which stems from multiple lows dating back to August, was broken, indicating that the market may be about to change direction.
Unfortunately, the price returned to current $0.33 levels over the weekend after Cardano (ADA) attempted to retest this trendline but failed. Currently, ADA is trading between $0.346 and $0.367. The coin is down 6.49% after losing 26.70% in six months. This steady decline indicates selling pressure on the coin.
However, technical indicators are conflicting. The RSI is approaching oversold territory at 39.98. Additionally, the stochastic indicator is at 31.11, which may indicate oversold. MACD is negative -0.003217, indicating clear bearish momentum.
At this point, investors were tired of being stuck at the $0.35 price mark for so long. If current trends don’t change, investors will likely move on to better options.
Shiba Inu’s New NFT Bridge: A Game Changer?
Recently, the SHIB development team released an NFT bridge called Shibarium on its second-layer blockchain, aiming to improve the platform operation capabilities of Ethereum-based NFTs. The launch also sparked speculation of a surge in SHIB prices 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 enable Shiba Inu’s ecosystem to attract more people.
Since the launch of the NFT bridge, Shiba Inu’s market performance has shown encouraging momentum. Shiba Inu is currently trading at $0.00001857, up 8.18% in the past 3 days. This is consistent with the recent boom in the cryptocurrency industry, with Bitcoin recently topping $71,000.
According to CNF, experts are optimistic about the rising price trend of SHIB. The NFT bridging feature is expected to increase liquidity within the Shiba Inu ecosystem, thereby increasing the token’s appeal.
Artificial Intelligence, Dual Chains, and 1,000x Leverage – How INTL is Redefining Cryptocurrency
While experts predict a bleak future for Cardano (ADA), they predict a bright future for the new currency called IntelMarkets (INTL), which is making headlines with its continued momentum.
The new coin is the native currency of its upcoming artificial intelligence trading platform, which is supposed to be the crypto world’s first truly modern trading platform.
The platform brings best-in-class features such as multi-channel analytics, omni-channel processing, dual-chain trading options, Rodeum AI-powered trading bots, enhanced market access, and up to 1000x leverage. These are being hailed as features that will change the way we trade forever.
Additionally, IntelMarkets (INTL)’s ongoing presale has shown unstoppable momentum, which has played a major role in all the hype surrounding the project. The pre-sale successfully raised more than $1.6 million, following a $550,000 private placement from Fortune 500 investors.
The INTL token currently sells for only $0.03 and is expected to increase by as much as 12,000% after its official listing. The pre-sale is still in its early stages, you can become one of its early investors and earn huge profits after the official launch.
Learn more about Intel Marketplace:
Pre-sale: https://intelmarketspresale.com/
Buy pre-sale: https://buy.intelmarketspresale.com/
telegraph: https://t.me/IntelMarketsOfficial
twitter: https://x.com/intel_markets
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