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Cardano Tops Ethereum and Solana in Key Metric

Key Notes

  • Cardano price has demonstrated remarkable resilience in the crypto market compared to its peers.
  • The top altcoin remains functional amid a call for a possible price breakout in the current bull run.
  • Analysts see a potential long-term target of $2.40 if the trend continues.

Analyst Cardano Hieronymus on X may have set the broader cryptocurrency sector agog with his bold claim about ADA

ADA
$0.56



24h volatility:
1.1%


Market cap:
$20.14 B



Vol. 24h:
$437.44 M



outperforming Ethereum

ETH
$2 437



24h volatility:
0.5%


Market cap:
$294.19 B



Vol. 24h:
$12.89 B



and Solana

SOL
$144.0



24h volatility:
1.1%


Market cap:
$76.93 B



Vol. 24h:
$4.13 B



in a key metric.

He supported his opinion with charts from CoinMarketCap showing the performance of each of these altcoins over the last 12 months.


Cardano Price in the Spotlight

The X post highlights the resilience of ADA amongst its counterparts, although the coin has fallen short in specific metrics. The coin has been gaining momentum and is poised to take center stage.

At this rate, traders and investors may reconsider their pursuit of top assets, such as Bitcoin

BTC
$107 501



24h volatility:
0.3%


Market cap:
$2.14 T



Vol. 24h:
$23.72 B



.

For instance, the Cardano price has plunged by 82% from its all-time high, compared to ETH and SOL, which have recorded drops of approximately 50% each. This raises concerns about the price trajectory of ADA, particularly its capacity to challenge ETH and SOL.

Even while comparing the differences between the dips in the price of these three top altcoins, ADA has demonstrated a steadier course, up 45% in 12 months. ETH and SOL have experienced significant corrections, with the former down 28% and the latter up just 1.78%.

Cardano’s price stability is significantly stronger than that of any of the aforementioned digital currencies.

The coin has been on a steady movement in recent days, with the current support zone lying between $0.55 and $0.50. At the time of this writing, it was trading at $0.5540, having declined by 1.86% over the past 24 hours.

According to market analysts, ADA’s price must remain above this level for bulls to retain control. Amid the current bull market, the coin has entered an upward-sloping channel.

Although the price is pulling back to test the lower end of the channel, if the altcoin sustains its current upward-sloping trend, it could be aiming for $2.40 in the long term.

As it stands, investors’ confidence in the altcoin is growing, evidenced by its 24-hour trading volume, which has maintained $600 million.

Don’t Sleep On Bitcoin Hyper, Catch the Next Big Crypto Move

While ADA is making waves, Bitcoin Hyper presale is gaining traction as a promising Layer-2 solution for BTC. The BTC HYPER protocol aims to improve transaction speeds and reduce costs while leveraging Bitcoin’s security.

The presale has raised a total of $1.6 million at the time of writing. Projections indicate it will exceed $2 million in the coming days, signaling strong adoption. A price increase is scheduled for the next presale stage and is expected within the next 24 hours.

Current Presale Stats

Current Price: $0.01205

Amount Raised So Far: $1.6 million

Ticker: HYPER

Participation in the presale is straightforward, allowing purchases via ETH, BNB, USDT, or credit card directly on the official Bitcoin Hyper website. The project recommends using Best Wallet for token management, where $HYPER is listed under “Upcoming Tokens.”

If you’re interested, keep a close watch on the presale and consider acting before the price adjustment, while following community sentiment on platforms like X for real-time updates.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Solana (SOL) News, Altcoin News, Cryptocurrency News, News


Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

Godfrey Benjamin on X



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