Top 2 ADA Alternatives to Reach $10 Before Cardano – Cryptopolitan
Cardano has been on a winning streak lately, bringing a lot of excitement to investors. Right now, ADA is trading at $1.15, showing an impressive 168% increase in just 30 days. Analysts are optimistic about ADA’s future, citing its historical performance and growing ecosystem as reasons for potential new highs. Seasoned analyst Dan Gambardello believes that ADA is currently undervalued and could reach $10 soon, especially with a 20-week and 50-week moving average crossover on the horizon. In November, ADA broke a two and a half year downward trend, and indicators like its stock RSI and MACD suggest strong upward momentum. The recent 45% increase in Cardano’s Total Value Locked (TVL) points to a growing demand for its decentralized applications (dApps). Gambardello predicts that ADA could hit $5 in the next six months and potentially reach $10 in the long term.
However, Cardano faces tough competition from emerging assets like Rexas Finance and Stellar. Rexas Finance (RXS) is making a name for itself in the crypto space and is anticipated to hit $10 before ADA. The competition is heating up, but it’s all good news for crypto enthusiasts looking for promising investment opportunities. Keep an eye on these projects as they continue to make waves in the ever-evolving world of cryptocurrency.
