The post On-Chain Data Suggests Emerging Altcoin Could Surpass Cardano (ADA) and Shiba Inu (SHIB) Trajectory appeared on BitcoinEthereumNews.com.

Cardano’s whale transactions have pushed the token’s price beyond $1 while Shiba Inu investors are optimistic about another meme coin rally as well. Meanwhile, Rollblock’s new GambleFi project is also emerging as a profitable investment as analysts project up to 880% gains for RBLK holders. Cardano (ADA) Picks Up Momentum After Massive Whale Accumulation Cardano has finally breached the $1 mark after recording a massive 217.24% rally during the last 30 days. According to in-chain data, Cardano has experienced daily large transactions worth over $22 million which indicates heavy buying pressure. Accounts holding between $1 million to $10 million Cardano tokens have already doubled which means big crypto players are preparing for more gains before the end of Q4. Cardano is currently trading for $1.09 after another intraday jump worth 22.60%. Cardano’s volume has also surged rapidly by 80.10% over the last 24 hours as more traders anticipate Cardano’s price to set bigger records. Since Cardano’s daily chart isn’t showing any signs of slowing down, analysts believe Cardano will breach the $1.28 resistance before the end of November.  Shiba Inu (SHIB) Expected to Follow Dogecoin’s Upward Trajectory Shiba Inu has recorded an impressive 54.23% increase in value over the last 30 days as the broader meme coin market regained momentum. This rally has pushed Shiba Inu’s market cap to over $16 million which makes SHIB the second-largest meme coin after Dogecoin. Although Dogecoin has outperformed Shiba Inu in recent weeks, market experts believe Shiba Inu could mirror this performance and record a massive 85% jump from its current level before 2025. Shiba Inu is currently trading for $0.00002754 after an intraday increase of 12%. This significant uptick can be attributed to high buying pressure as Shiba Inu’s volume has jumped by 91.70% over the last 24 hours. Since Shiba Inu’s…

---

Filed under: News - @ November 26, 2024 2:22 pm