Will Cardano Become $1? What are the ADA Alternative Coins?

0

Disclaimer: This is a sponsored content and press release. KoinFinans.com cannot guarantee the accuracy of the content on this page provided by the relevant company and cannot be held responsible for any damages that may arise from the products and services on this page. Cryptocurrency investments are high risk investments, readers should conduct their own detailed research before committing to any transaction.

One of the altcoins that has recently attracted the attention of investors by showing an upward trend is Cardano (ADA). The token’s 50-day exponential moving average (EMA) suggests that it may continue its upward trend, according to some analysts. ADA is at $0.58 as of February 15. The $0.50 support point seems very important for the token to maintain its bullish stance.

For the near future, Cardano’s technical indicators point to a positive outlook. ADA, 14 percent in the last week; It has achieved a 9 percent increase in the last month. Experienced crypto analyst Av_Sebastian thinks that Bitcoin’s bullish momentum has an impact on Cardano. He also believes that Cardano could surpass even yearly highs by reaching $0.75 in a short time.

Despite the appreciation of Cardano’s evolving technique and greater adoption of the token, some experts see it as impossible for it to reach $1 before the Bitcoin halving. Of course, this could change if a violent altcoin run or huge catalysts emerge.

Famous investor Dan Gambardello recently bet 1,000 ADA that Cardano would not reach $1 by the scheduled halving event. If Gambardello is right, he will profit. Therefore, some investors consider this bet a realistic bullish perspective.

Cardano’s trajectory depends on its ability to close above the 50 EMA, a key indicator of bullish momentum. A breach below this level could potentially lead to a period of consolidation or even a pullback in price.

According to sponsored content, another token showing an upward trend is the SMOG token. Crypto analysts consider SMOG as one of the meme coins that will benefit the Chinese community due to its lucky dragon motif. Purchasing SMOG tokens is currently attracting great interest and shows significant growth potential. Details of the project are explained in this sponsored article.

Smog Token (SMOG) – New Meme Coin Harnessing the Power of Solana

The SMOG token is gaining further momentum with an impressive 22 percent price increase in the last 24 hours. SMOG differs from other meme coins with its launch story. The token skipped the pre-sale phase and began to be sold directly after launching on the Jupiter DEX. With the incredible increase in its price in the first days, it managed to create FOMO in the crypto world and reached more crypto enthusiasts.

SMOG has emerged as one of the most talked about meme coins this week following its successful launch in Jupiter. Originating in Solana, this viral meme coin uses PortalBridge.com, a cross-chain platform with a total value locked (TVL) of over $1 billion. It is also gaining more traction by expanding its reach into Ethereum through Wormhole.

Traders are comparing BONK and SMOG, the most famous and current leader of the Solana meme coins. BONK was launched in February 2023, but the cryptocurrency only waited 9 months before gaining success with the public; There was no significant change in price. The startup offered by the SMOG token is quite different and relatively stronger than BONK. This strong start may be the reason why it attracted the attention of investors so much.

The token has multiple use cases. Thanks to the SMOG token, investors gain exclusive access to “The Dragon’s Court”, a crypto community. Caring about the growth of the community, the team also takes into account the rapid growth of the token by creating different use cases.

Token usage also includes staking, which is one of the most sought-after features among crypto enthusiasts. Staking SMOG tokens means holders will earn rewards and accumulate airdrop points.

Click to review SMOG Token.

SMOG Price History

The SMOG token project was launched on Jupiter DEX on February 7, 2024 at a price of $0.001419. The token registered a meteoric rise of 5878 percent after rising to the highest trend in the last 24 hours on Dextools, Dexscreener and Birdeye, reaching $0.08803 in price.

In 6 days, the price of SMOG increased by an average of 2000 percent. After the enthusiasm of the early days, the SMOG token has stabilized at healthier prices around $0.040. The token price is at $0.044 as of February 15.

A peak followed by a correction in price, which is often seen in the crypto world, is a healthy situation for investors looking to purchase SMOG tokens. This variation allows it to establish a solid foundation to build its price more quietly.

SMOG Token Offers a Massive Airdrop

SMOG allocates 35 percent of its total supply to Airdrop rewards for token holders. Investors who purchase SMOG tokens will be eligible for airdrop rewards simply by holding the token.

Additionally, the project has partnered with the famous task organization platform Zealy.io to further encourage the community. This platform allows users to accumulate additional airdrop points, climb the community rankings, and collect as many additional rewards as possible. Users will be able to perform daily, weekly and monthly tasks here.


source site-6