The post Is Cardano (ADA) Strong Enough to Compete with Rexas Finance (RXS), ‘The New Solana (SOL)’? appeared on BitcoinEthereumNews.com.

As the cryptocurrency industry grows larger, the attention is divided between the well-known Cardano (ADA), Solana (SOL), and the less popular and upcoming Rexas Finance (RXS). As for the previous cycles, ADA and SOL stand out but now RXS is worth considering as it adapts to the concept of real-world asset (RWA) tokenization. Today, it remains to determine whether Cardano is capable of sustaining itself as an industry player due to the increasingly stiff competition. Cardano is presently ranked at $1.07 and the total market capitalization is $37.1 billion. The price of the asset has been locked at $1.15 which is so hard to penetrate even with very high traffic. The coin has substantial institutional investors, they have staked millions of ADA tokens, but the price is unstable. Technical indicators show mixed trends. The RSI is at 46.61, so the positions are neutral with no signs of overbought or oversold market at the moment. The MACD is slightly above zero, therefore indicating a moderate amount of bullishness in the market. That said, ADA is trading below the 50-day and 200-day moving averag Price consolidation might be the scenario here. ADA has short-term support at $1, 15, thus the coming week could look at $1, 20 and $1, 50. However, in the circumstance, if the price goes below $0.90, then it may even enter into a bear trend. AMA from institutional buying more will be an important factor as well as the further development of the ecosystem. Solana has remained stuck in the $230-$240 range with having marched on an upward trend and rapidly getting rejected on hitting $240. It briefly rose over expectations of ETF approval but could not sustain the upward trend. The resistance level of the 20-day SMA at $225 has offered support, thus a deeper correction is…

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Filed under: News - @ February 14, 2025 4:26 pm