Solana and Cardano See Downtrend as Bitgert Coin Surges

The crypto summer is here as the market experiences its highest wave of activities in a while. On one end, there’s Solana with Cardano battling strong bearish pressure as their prices hit a downtrend. On the other end, Bitgert Coin has caught the attention of market analysts following its recent surge!Cardano price has struggled against bearish pressure since the turn of the new year. A major reason behind Cardano’s descent is the FUD spreading across the Cardano ecosystem.

Recent Cardano news shows an evident loss of trust from Cardano whale investors. Cardano whale transactions plunged from $23 Billion to $17.4 Billion in less than one week . Again, at the end of February 2024, there was a massive Cardano selloff as Cardano holders sold off nearly 220 Million Cardano tokens after witnessing the Cardano crypto hit a downturn. Their next move was to stake Cardano tokens in exchange for other cryptocurrencies.

More so, Cardano’s price has endured a massive correction cycle since mid-December 2023. This bearish pattern has pushed Cardano’s price down and down again. Particularly, in the last few weeks, Cardano has been exhibiting a double top trend, where the Cardano crypto recorded two successive peak values at a similar price range, indicating a bearish reversal momentum.Solana’s price performance has left a lot to be desired in the past seven days especially as Solana recorded a 6.93% decline.

In addition, Solana’s downturn gets further fueled by its airdrop distribution where Solana tokens get distributed amongst the investors based on their tasks performances. It’s been a disappointing run for investors with their expectations leaning heavily on these Solana tokens. Finally, at the end of February 2024, Solana again witnessed a token liquidation of roughly $10 Million with Solana investors selling off Solana tokens worth over $200 Million.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Solana and Cardano Experience Price Decline Amid Market Uncertainty, Bitgert Coin Gains AttentionAs the bully rally turns bearish, market sentiments have again become uncertain in the cryptosphere. With major crypto assets like Solana...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Exploring Bitgert Coin’s potential to emulate Solana and Ethereum’s successinvestors out there searching for the next potential 'Ethereum' or 'Solana-killer', Bitgert's extremely low price and market cap...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitgert Coin: The rising star poised to rival Solana and EthereumBitgert (BRISE) has been emerging as a competitive cryptocurrency to challenge giant altcoins like Ethereum (ETH) and Solana (SOL).
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitgert Coin’s appeal extends to various coin communities: Here’s whyOne word that sums up cryptocurrency perfectly is “unpredictable.” We have all just witnessed Bitcoin's all-time high and now...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Analysts predict Bitgert Coin price surge of +2000% in coming daysBitgert Chain has low transaction fees, as low as $0.001 per transaction. This has helped it significantly become a fastest-growing...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Crypto whales flocking to Bitgert Coin: Is this the next big move?data from BSC Scan we have highlighted some activity of Bitgert BRISE that points out some bullish factors.
Source: CryptoAmb - 🏆 22. / 68 Read more »