The post Cardano’s Slow Growth Pushes Investors Toward This High-Potential Altcoin for a 200% Gain appeared first on Coinpedia Fintech News
As Cardano (ADA) continues to endure slow growth and price falls, investors are moving their attention to a high-potential altcoin that’s fast gaining traction. While Cardano has witnessed modest growth, another emerging coin has soared, witnessing an astonishing token price rise in just a few months.
Could this alternative be the next big thing for investors seeking substantial returns? With top altcoins being constantly examined for their future potential, this growing platform could hold the key to unlocking tremendous growth.
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Cardano Loses Momentum, as ADA Struggles to Keep Up With Top Altcoins
ADA has endured a tough week, with its price plunging over 18%. The altcoin started at $0.98 but immediately dropped to $0.87 as bearish momentum took control. After temporarily rising to $0.97, Cardano entered a period of consolidation between $0.98 and $0.90 before facing another negative breakout that saw the price sink to $0.70.
In the past month, ADA has suffered a dramatic fall of over 33%. However, despite this fall, the sentiment within the Cardano community remains overwhelmingly favorable, with many investors holding onto the notion that Cardano’s long-term prospect is solid.
Cardano’s ADA is still over 77% below its ATH of $3.10, yet analysts remain confident about a retest within the year. It continues to be one of the top altcoins to follow, gaining investor interest. Despite contradictory technical signals, including purchase signals from MACD and Moving Averages, the Commodity Channel Index still indicates sale indicators.
The new altcoin gives a more enticing investment opportunity than ADA because of its recent spectacular price rise. While ADA has had a solid 36% price increase over the past year, the new crypto coin has gained an astounding 300% in just a few months, signifying far stronger momentum.
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