Cardano (ADA) is one of the bullish altcoins that has stayed on crypto enthusiasts’s radar since its launch. That’s due to its secure and powerful ecosystem, which has gained numerous integrations with multiple crypto projects and finance companies. While this is an impressive achievement, current market conditions hint at even more growth for ADA in the coming years.
Cardano recently reached an impressive milestone of over $300 million in total value locked. The utility of the ADA token also continues to show relevance, with strong staking and transactional value. These advantages and the bullish market sentiment have convinced analysts of ADA’s potential to reach the $1 mark soon. So, is that possible?
What Do Technical Indicators Signify About ADA?
ADA has dropped significantly since the beginning of this month. It showed a decline of just over 20% from last month’s high of $0.40. Many indicators, especially the RSI being above the 67 mark, suggest that the token is currently overbought. They signify a bearish correction may be due. Its Bollinger Bands reveal that volatility is present. The upper band is at $0.40, and the lower one is around the $0.31 level.
That’s not to say it’s all bad news for Cardano. ADA has been trading above the 20-day Simple Moving Average, which is proof of bullish strength. The token’s price has also been reacting off bullish support at the $0.30 level. It could potentially drive ADA to higher prices soon.
Over the next few months, we may see ADA pull back to lower prices, hopefully for a short while, before skyrocketing to previous highs. While this momentum could potentially push Cardano to new highs, there is no confirmation that ADA will reach $1 in the coming months. The token still has a long way to go and many challenges to overcome before such prices can be confidently anticipated.
There have been multiple complaints from observers about a lack of direction from the project. Holders are also concerned about the range-bound price of the token, which has led to neutral sentiment among traders. If Cardano can navigate these issues, nothing can stop ADA from achieving new all-time highs. It might also hit the $1 milestone in the next few years.
FXGuys’ ($FXG) Presale Debuts With Impressive Value Proposition
The biggest advantage of investing in crypto or forex is financial independence. Since the beginning of the year, the crypto scene has presented countless opportunities, generating significant profits for many newcomers. Now, there’s a new opportunity on the horizon: FXGuys ($FXG). It is a fresh concept, combining a forex broker and a prop firm that brings the best of both crypto and forex to investors.
FXGuys recently kick-started the first presale phase of its $FXG token, where investors have the opportunity to buy the project’s presale tokens for just $0.03. By doing this, $FXG holders will see immediate gains, with the potential to earn up to 25% by the beginning of the second presale stage. There’s also a 200% return up for grabs by the time the token launches at $0.10. Investors have been positioning themselves for $FXG’s success by buying into the presale, leading to strong demand.
Helps in Trading Multiple Instruments
It gets even better: holders will be able to buy a trading account of up to $500,000 using $FXG tokens. That makes it the best crypto to buy for skilled traders who find it difficult to secure funding. Once funded, holders can trade multiple instruments, including forex and crypto, without risking their capital. Profits made on the account will be split, with traders receiving up to 80%, paid in crypto or fiat.
On top of that, traders will be rewarded with $FXG tokens every time they make a trade. This Trade2Earn concept and the presale tokens have caught the attention of the crypto community. According to top analysts, FXGuys has the potential to achieve significant adoption and could even rival leading prop firms in the coming years. They predict that $FXG could hit the $1 mark in record time. That’s due to the integration of staking and governance utilities into the token. They have cemented $FXG as the best crypto to buy during this season.
Conclusion
Cardano and FXGuys prove that opportunities in the crypto and forex markets are still many. Cardano’s surge signals the potential for future price growth, though there are still challenges. Meanwhile, FXGuys offers the opportunity to get in on a project with innovative features like Trade2Earn and staking for as little as $0.03. As time goes on, investors should keep a close eye on these bullish altcoins and be ready to capitalize on the potential gains both platforms offer.
To find out more about FXGuys follow the links below:
Website | Whitepaper | Socials | Audit
