Cardano and Shiba Inu Could Recover Back to March 2024 Levels, But This Cheap Crypto Could Go 100x
The post Cardano and Shiba Inu Could Recover Back to March 2024 Levels, But This Cheap Crypto Could Go 100x appeared on BitcoinEthereumNews.com.
Cardano (ADA) and Shiba Inu (SHIB) are showing signs of recovery, with potential to return to their March 2024 levels as market momentum builds. However, one lesser-known crypto, DTX Exchange—with over $2 million raised in presale—is gaining attention for its potential to surge 100x, offering investors a unique opportunity in the ever-evolving crypto landscape. Here we will look at the latest developments in ADA and SHIB and why this cheap crypto might outperform the big names. Cardano’s Mixed Signals: Price Struggles, Bullish Trends, and Community Confidence Cardano (ADA) has been showing mixed signals, with technical indicators and on-chain data presenting a complex picture. Despite some bullish trends, Cardano (ADA) has struggled to gain significant price momentum, trading around $0.34 and experiencing a slight -0.83% dip over the past week. This leaves investors uncertain about whether to buy now or wait for further developments. However, there’s some hope for Cardano (ADA) holders based on recent on-chain data. Coinglass reports a Long/Short Ratio of 1.0167, indicating a bullish sentiment among traders. Futures Open Interest has also grown by 3% in the last 24 hours, suggesting traders are holding long positions. Adding to the optimism, Cardano (ADA) recently received a vote of confidence from the crypto community. In a survey by Weiss Crypto, ADA was voted the altcoin with the best technology, securing over 76% of the votes. While the price struggles, the community still has faith in Cardano’s (ADA) long-term potential. Shiba Inu’s (SHIB) Bullish Momentum: RSI Surge and Potential for a Major Rally Shiba Inu (SHIB) is showing strong bullish momentum, as reflected by its 4-hour Relative Strength Index (RSI) surging to around 69%, indicating increasing buying interest. This positive trend suggests growing momentum, which could lead to further price gains for SHIB in the near future. On the daily chart,…
Filed under: News - @ September 22, 2024 6:09 am