There have been many new developments for the cryptocurrency ecosystem this month. BTC has lost 40% in the past few days. However, the second quarter started quite intense for Bitcoin holders who witnessed a sharp decrease in market value.
In light of these developments, the focus is on three altcoins that, by analysts’ standards, may currently be among the most risk-related assets, but are inevitably positioned for exit.
In terms of price and overall market value, Cardano is already heading for the moon. While many altcoins struggled to survive and suffered the consequences of the bear market, Cardano (ADA) had a unique benefit.
After the energy consumption level of assets became a trending topic in the community, investors began to turn their eyes to environmentally friendly assets like Cardano ADA, making it one of the most attractive altcoins in the near term.
Cardano also managed to challenge market debris by reaching a new high of $ 2.46 on May 16. Changing hands from $ 1.79 at the time of writing, the market value of ADA increased to $ 79 billion. As investors invest in Cardano as it is an energy-friendly network that uses PoS, it will not be surprising that the increased buying interest will send the 5th largest asset to new heights in the long run.
As the new kid of the crypto market, SafeMoon has recently seen exponential price rallies and massive social media support. This made him one of the few beings who successfully escaped the bloodbath.
After the announcement of Barstool Sports CEO Dave Portnoy, who announced that he had invested $ 40,000 in the asset, the cryptocurrency community was mixed, analysts warned against intense market volatility.
At the time of writing, the coin, ranked 202nd in the cryptocurrency ranking, is trading at $ 0.000006524, with an 8% increase in the last 24 hours. In the long run, as the project continues to be listed on exchanges, a handful of analysts believe the rookie luck could hit SafeMoon and send him to a higher price level. However, whether the asset can maintain the new price levels is a question that should be left to time.
At this point, the future of Dogecoin is clearly promising. In addition to the support of Elon Musk, who raised the presence for most of the year; It is thought that corporate interest could skyrocket as big hands like Coinbase finally put the asset in the trade.
Coinbase said in its first quarter earnings talks: “We plan to list Doge in the next six to eight weeks. And in a broader sense, we’ll focus on how we can speed up asset addition in the future. “
The number of market experts predicting the DOGE rally to be a big bet is quite high. At the same time, many of these experts believe that corporate support can increase following the rising price performance in the coming months.