3 Crypto Set To Explode After Ethereum ETF Approval – Dogecoin (DOGE), Cardano (ADA) and Solana (SOL)

The post 3 Crypto Set To Explode After Ethereum ETF Approval – Dogecoin (DOGE), Cardano (ADA) and Solana (SOL) appeared first on Coinpedia Fintech News

The cryptocurrency market, currently holding a capitalization of $1.42 trillion, is witnessing a unique phase marked by an altcoin slump. Despite this, there is a sense of anticipation for a potential surge, especially after the Ethereum ETF approval. This environment sets the stage for notable cryptocurrencies like Dogecoin (DOGE), Solana (SOL), Cardano (ADA), and the emerging ScapesMania, positioning them as potential leaders in the next wave of crypto growth. The market’s resilience in maintaining its substantial capitalization despite the downturn in altcoins highlights the sector’s underlying strength and potential for recovery and growth.

It is widely believed by analysts that the approval of the Ethereum ETF would bring about widespread expansion in the market. Several projects that are expected to reap the most rewards in the event of that bull run are presented below.

Summary:

• ScapesMania: Innovative with a successful presale, promising growth.
• Dogecoin (DOGE): Surge in interest, signaling potential resurgence.
• Solana (SOL): High transaction growth, indicating rising popularity.
• Cardano (ADA): Research advancements, trending towards innovation.

ScapesMania: A New Contender in the Crypto Arena

Many crypto experts pick ScapesMania as the best new project of 2023 and beyond. It manages to separate itself from the competition by offering holders a multitude of revenue streams and high potential ROIs during presale. 

Companies and individual crypto traders looking for fast potential gains should definitely look into ScapesMania’s proposition. Once the presale finishes, the price will soar, securing possible returns in the range of 400-500%. Right now, there’s an active discount of close to 85%, but it won’t last forever – the clock is ticking and all interested in leveraging this offer need to act fast.

When dissecting the tokenomics and other features of ScapesMania, it becomes clear that it’s the best altcoin to hold now. The innovative gaming-related core idea, impressive presale numbers, $150,000 giveaway, undying social media hype, and other positive aspects can guarantee that ScapesMania will continue on its winning journey, so it makes sense to get involved as soon as possible.

Dogecoin (DOGE): Navigating Through a Meme-Fueled Market

Dogecoin (DOGE) has recently seen a significant increase in transactions. This surge is linked to the growing activity in meme coin trading and the Doginals experiment. Doginals, inspired by Bitcoin Ordinals, allow users to inscribe images and texts on the Dogecoin (DOGE) blockchain. 

The price dynamics of Dogecoin (DOGE) are intriguing. With a current price range fluctuating between $0.0583 and $0.0765, Dogecoin (DOGE) shows a blend of volatility and potential. The 10-days and 100-days moving averages of $0.0781 and $0.0666, respectively, suggest a cautious optimism among traders. The support levels at $0.0303 and $0.0485, coupled with resistance levels at $0.0849 and $0.1031, frame the current trading scenario.

Looking ahead, Dogecoin (DOGE) presents a mixed bag of prospects and challenges. The increase in the number of Dogecoin (DOGE) holders to 5.31 million, along with the rise in active addresses, indicates a growing interest in the coin. If this trend continues, Dogecoin (DOGE) might witness another rally. However, the demand for the coin and the broader market sentiment will play crucial roles in determining its future trajectory. A potential upside could see Dogecoin (DOGE) reaching or surpassing the $0.1 mark.

Solana (SOL): Setting New Records in the Crypto Space

Solana (SOL) has recently made headlines by recording a historic surge in daily transactions, reaching a peak of 51.63 million. This remarkable achievement marks a significant deviation from the previous average of around 20 million transactions. 

Solana’s (SOL) current price range is between $26.75 and $44.35, reflecting a dynamic and volatile market. The 10-days moving average at $57.19 and the 100-days moving average at $31.73 indicate a fluctuating but promising trend. The absence of a lower support level and the presence of a higher support level at $15.05, along with resistance levels at $50.27 and $67.87.

Looking forward, Solana (SOL) presents an intriguing mix of challenges and opportunities. The massive increase in transaction volume and the recovery of the coin to its pre-FTX price level earlier in the year indicate a resilient and growing ecosystem. The future of Solana (SOL) hinges on its ability to maintain network health and attract continuous user and developer engagement. If the current momentum is sustained, Solana (SOL) could see significant growth, potentially breaking past its current resistance levels.

Cardano (ADA): Celebrating Research Milestones and Future Prospects

Cardano (ADA), has been making significant strides in blockchain research. The Input Output Global’s library of papers is nearing an impressive 200, showcasing the platform’s commitment to academic rigor and innovation. The first paper, “Ouroboros: A Provably Secure Proof-of-Stake Blockchain Protocol,” has been cited over 1,200 times, highlighting Cardano (ADA) influence in the blockchain community. This research-driven approach has been integral to Cardano (ADA) identity and development philosophy, establishing it as a platform built on a foundation of academic excellence and best practices.

Cardano (ADA) current price range lies between $0.253 and $0.318, reflecting a market that is cautiously optimistic. The 10-days moving average at $0.381 and the 100-days moving average at $0.290 suggest a market in flux, yet with potential for growth. The support levels at $0.150 and $0.214, along with resistance levels at $0.343 and $0.408.

Looking ahead, Cardano (ADA) faces a unique set of challenges and opportunities. The platform’s commitment to research and development, as evidenced by its extensive library of papers and academic collaborations, positions it well for future innovation. The integration of Hydra Nodes and the exploration of Artificial Intelligence (AI) within its ecosystem are steps towards enhancing its technological capabilities. However, the future price trajectory of Cardano (ADA) will depend on the broader market sentiment.

Conclusion:

In the evolving cryptocurrency market, valued at $1.42 trillion, Dogecoin (DOGE), Solana (SOL), Cardano (ADA), and the newcomer ScapesMania are navigating a landscape ripe with potential yet marked by uncertainties. Dogecoin (DOGE) shows promise with increased activity, Solana (SOL) impresses with high transaction volumes, and Cardano (ADA) continues to build on its research-driven foundation. ScapesMania enters the scene with innovation and a successful presale, hinting at future possibilities. 

While each of these cryptocurrencies has its unique trajectory, their collective future in the post-Ethereum ETF approval era is an intriguing blend of potential growth and market adaptability. According to most projections, these coins are highly likely to grow with ScapesMania being the most promising contender.