Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.
The Cardano price has weakened after dipping below $0.60, with a decline of over -10% in the last 7 days and over -25% in the last 30 days.
ADA reached a major peak of $0.80 last month, its highest level in 2 years, but has since fallen. After Cardano reached its peak due to investor euphoria, disappointment started to take over.
Ultimately, Cardano has not yet found a strong bottom, which means the altcoin could fall even further in the near future. So if you’re wondering: why isn’t Cardano rising? Cardano must first reach a bottom and consolidate.
Cardano price continues to fall – Why is Cardano not rising?
The Cardano price had the opportunity to consolidate around the 30-day moving average (yellow) a few weeks ago, but broke below this level before falling further towards $0.60.
This week, Cardano also broke below this important level, allowing ADA to go even lower in the near future.
It is expected that crypto whales will sooner or later invest in Cardano again. These large investors may be able to get back in around $0.48. Data from IntoTheBlock shows that whale transactions skyrocketed the last time Cardano fell below $0.50. The number of transactions increased from 5,000 to 7,000 in just a few days.
In addition, Cardano seems to have a strong and loyal community, which is also ready to stock up on more ADA if the price drops too much. Especially those who believe in the future of crypto will keep a close eye on the Cardano price.
Cardano could build even more momentum after the Bitcoin halving, as this is the start of a crypto bull run, possibly the biggest we’ve ever seen. This allows more people to enter the crypto market and Cardano could also gain more adoption.
But for now, it looks like Cardano will continue to fall until it can consolidate, so ADA could fall further towards $0.50 in the coming days, before potentially being scooped up by crypto whales and testing $0.60 again.
New opportunities on the market now that Cardano’s price is disappointing
Now that the Cardano price is currently not performing very well, many investors are looking for other opportunities. There are currently plenty of options that can give you good returns in the short term. There are a number of popular altcoins that are currently performing well. Here is a selection of the most promising crypto of the moment.
Slothana (SLOTH) – Memecoin presale approaching $8 million
The meme coin Slothana was recently launched on the Solana blockchain. The token has already attracted a lot of attention from investors due to its innovative approach that is different from traditional projects. This emerging cryptocurrency stands out because it does not have a standard presale or direct launch on exchange. Instead, Slothana uses a send-to-wallet airdrop system.
Users can easily obtain Slothana tokens via the send-to-wallet system. For this they only need a crypto wallet with SOL tokens. Users can send their Solana tokens to the Slothana wallet address to qualify for SLOTH tokens. Investors can also connect their wallet directly to Slothana’s official website, making the process even more accessible.
Currently, for 1 SOL token you can get 10,000 SLOTH tokens. The Slothana presale has already raised more than $7.6 million. This shows the confidence of investors and the potential of the project.
Visit Slothana
5TH Scape (5SCAPE) – VR and AR together in a crypto project
A notable new project currently generating a lot of interest among investors is 5th Scape (5SCAPE). The project has an innovative ecosystem for Virtual Reality (VR) and Augmented Reality (AR), which allows users to access high-quality hardware and accessories (e.g. headsets and chairs). In addition, it offers a wide range of VR and AR experiences.
Within the 5th Scape platform, users can benefit from many features. This way they can find the best VR and AR games, films and educational materials. In addition, they can benefit from an exceptional experience thanks to the advanced hardware offered by 5th Scape.
The presale of the native token, 5SCAPE, is currently still ongoing. A token can be purchased for a favorable price of $0.00285 each. These tokens can then be used for staking. If investors decide to hold the tokens, they can receive additional benefits such as access to premium content and voting rights within the project.
Visit 5TH Scape
eTukTuk (TUK) – Presale of sustainable crypto is successful
eTukTuk is a pioneering green crypto that aims to transform the transport sector by introducing electric tuk tuks. With this it wants to initiate a green revolution, especially in developing countries. The tuktuk is a popular means of transport there, but it is also very polluting. They often still run on fossil fuels with polluting two-stroke engines.
The project also has the ambition to install charging stations worldwide. Drivers can then pay for the energy from the eTukTuk charging stations with $TUK tokens. This allows users to easily gain financial benefits by avoiding rising fuel prices. At the same time, they also contribute to a more sustainable environment.
The $TUK token will be launched on the Binance blockchain and is currently for sale via presale. The coin offers the option to generate passive income through its staking feature. In addition to the financial benefits, eTukTuk also offers a Play-to-Earn game, where participants can earn tokens by taking passengers to their destination on time.
The presale of the $TUK coin is still going on. Currently, a token is for sale at an attractive price of $0.0295. However, the price will soon rise further. Purchasing tokens is simple and can be done with a debit card, BNB, ETH, or USDT.
Visit eTukTuk
Bitcoin Minetrix (BTCMTX) – New cryptocurrency with stake-to-mine platform
This year, Bitcoin Minetrix appears to be able to benefit from the favorable circumstances surrounding the Bitcoin halving. The project offers an easier way to mine BTC via the cloud. With this, Bitcoin Minetrix brings BTC mining back to private individuals. This sector has become considerably centralized in recent years, meaning that only large companies with a lot of capital could mine Bitcoin efficiently.
Through the Bitcoin Minetrix platform, private investors can mine Bitcoin by staking the native token BTCMTX. By staking you will receive cloud mining credits. You can then use these credits for part of the cloud mining revenue in the form of Bitcoin.
The tokens are currently still for sale in the presale and you can stake the BTCMTX tokens immediately after your purchase. For this you will only receive extra BTCMTX tokens during the presale, but after the presale you will also receive cloud mining credits. So you can make money with Bitcoin Minetrix in different ways.
You can currently buy BTCMTX tokens in the presale for an attractive price of $0.0144 per token. However, this price is expected to rise further. After the launch of the token, the value of BTCMTX is expected to increase further, making now the ideal time to get in.
Visit BTCMTX
Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.
Source: https://cryptobenelux.com/2024/04/07/ada-koers-zakt-onder-060-waardoor-crypto-whale-vertrouwen-verzwakt-waarom-stijgt-cardano-niet/
