{"id":77381,"date":"2023-10-27T05:57:26","date_gmt":"2023-10-27T09:57:26","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/cardano-price-prediction-as-dogecoin-overtakes-ada-whats-going-on\/"},"modified":"2023-10-27T05:57:31","modified_gmt":"2023-10-27T09:57:31","slug":"cardano-price-prediction-as-dogecoin-overtakes-ada-whats-going-on","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=77381","title":{"rendered":"Cardano Price Prediction as Dogecoin Overtakes ADA \u2013 What&#8217;s Going On?"},"content":{"rendered":"<div>\n<figure id=\"attachment_121648\" aria-describedby=\"caption-attachment-121648\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-121648\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>The Cardano price has dropped by 4% in the past 24 hours, with the altcoin\u2019s fall to $0.284623 enabling Dogecoin to overtake it in terms of market cap.<\/p>\n<p>Despite today\u2019s fall, ADA remains up by 14.5% in a week and by 16% in a month.<\/p>\n<p>The altcoin has also risen by 15% since the beginning of the year, and with its fundamentals remaining as strong as ever, it\u2019s due further rises soon.\n<\/p>\n<h2>Cardano Price Prediction as Dogecoin Overtakes ADA \u2013 What\u2019s Going On?<\/h2>\n<p>\nADA\u2019s technical indicators have moved into strong positions, signalling incoming gains over the next week or so.<\/p>\n<p>Its relative strength index (purple) has risen to 70 and has hovered in this position for several days now, suggesting that it has maintained momentum.<\/p>\n<figure id=\"attachment_121585\" aria-describedby=\"caption-attachment-121585\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><figcaption id=\"caption-attachment-121585\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>Likewise, its 30-day average (yellow) is climbing steadily towards its 200-day average (blue).<\/p>\n<p>This indicates not only that buying interest is increasing for the coin, but that it has plenty of room to continue rising before it becomes overbought.<\/p>\n<p>At the same time, its price has well and truly broken through its 30-day average, indicating a consolidation into a new long-term base level.<\/p>\n<p>ADA has rallied this past week in tandem with the rest of the market, with Bitcoin ETF news buoying market sentiment.<\/p>\n<p>Its moves haven\u2019t had much to do with its own fundamentals as a coin, yet such fundamentals point to more rallies to come.<\/p>\n<p>Perhaps most impressively, Cardano\u2019s total value locked in has risen by 294% this year, pushing it into the top ten layer-one blockchains.<\/p>\n<p>This indicates growing use of the platform, as does its latest development update.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ICYMI: the <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/EssentialCardano?src=hash&amp;ref_src=twsrc%5Etfw\">#EssentialCardano<\/a> development update is live and packed full of all the details of what\u2019s been going on development-wise on <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\">#Cardano<\/a>. <\/p>\n<p>Check it out now! https:\/\/t.co\/degNWTrWOt<\/p>\n<p>\u2014 Input Output (@InputOutputHK) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/InputOutputHK\/status\/1716133815859474456?ref_src=twsrc%5Etfw\">October 22, 2023<\/a><\/p>\n<\/blockquote>\n<p>Some 147 projects have now launched on Cardano, with dapps such as Minswap and JPG Store attracting thousands of active weekly users.<\/p>\n<p>Similarly, just under 1,300 projects are currently developing on the platform, offering some hint of how big it could become.<\/p>\n<p>So while Dogecoin has overtaken ADA in terms of market cap, the latter altcoin has much better fundamentals.<\/p>\n<p>This means that ADA should eventually re-overtake Dogecoin, which is relying almost exclusively on X potentially introducing DOGE payments.<\/p>\n<p>In the shorter term, ADA is likely to reach $0.30 in the next couple of weeks, before hitting $0.40 by the end of 2023.\n<\/p>\n<h2><strong>Diversification With New High-Potential Alts<\/strong><\/h2>\n<p>\nAs promising as ADA is, its progress could be gradual over the next few months, something which could disappoint traders looking for quicker gains.<\/p>\n<p>Such traders may therefore prefer to look to newer coins, which often have the potential to rally harder, especially when listing on exchanges for the first time.<\/p>\n<p>A good example of this is likely to be TG.Casino (TGC), a decentralized gambling platform that has raised over $1.5 million in its ongoing presale.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Can&#8217;t believe we hit $1.5 million raised in presale\ud83d\udc4f \ud83d\udc4f <\/p>\n<p>TG Casino is reaching new heights every day! <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%24TGC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TGC<\/a> <a rel=\"nofollow\" href=\"https:\/\/t.co\/inIywJOu9q\">pic.twitter.com\/inIywJOu9q<\/a><\/p>\n<p>\u2014 TG Casino (@TGCasino_) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/TGCasino_\/status\/1717535319858286845?ref_src=twsrc%5Etfw\">October 26, 2023<\/a><\/p>\n<\/blockquote>\n<figure class=\"media\"><\/figure>\n<p>As its name implies, TG.Casino operates on popular social messaging app Telegram, where it already has more than 5,000 members.<\/p>\n<p>This use of Telegram has enabled TG.Casino to grow its community quickly, with the platform already launched (unlike many other presale coins).<\/p>\n<p>That TG.Casino operates on Telegram provides its platform with a strong social element that motivates users to keep coming back for more.<\/p>\n<p>It also helps that the platform boasts a diverse range of gambling opportunities, including sports-related betting markets to traditional card games.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Argentina face off against England in the <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/RWC2023?src=hash&amp;ref_src=twsrc%5Etfw\">#RWC2023<\/a> 3rd place playoff\ud83e\udd49<\/p>\n<p>Do we have any rugby fans in the TGC community? <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/ARGvENG?src=hash&amp;ref_src=twsrc%5Etfw\">#ARGvENG<\/a> <a rel=\"nofollow\" href=\"https:\/\/t.co\/8DZXofAZav\">pic.twitter.com\/8DZXofAZav<\/a><\/p>\n<p>\u2014 TG Casino (@TGCasino_) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/TGCasino_\/status\/1717811894185079008?ref_src=twsrc%5Etfw\">October 27, 2023<\/a><\/p>\n<\/blockquote>\n<figure class=\"media\"><\/figure>\n<p>Winners receive native token TGC as their reward, while holders of TGC can also stake the altcoin in order to earn a passive income.<\/p>\n<p>The coin has a max supply of 100 million, with 40% of this going to the presale and 30% going to staking and player rewards.<\/p>\n<p>Investors can buy some early by visiting the official TG.Casino website, where 1 TGC currently costs $0.1375.<\/p>\n<p>Of course, this price could end up rising much higher once the token lists on exchanges later in the year.<\/p>\n<p><strong>Visit TG.Casino Now<\/strong><\/p>\n<p><i><sup>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/cardano-price-prediction-as-dogecoin-overtakes-ada-whats-going-on.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: TradingView The Cardano price has dropped by 4% in the past 24 hours, with the altcoin\u2019s fall to $0.284623 enabling Dogecoin to overtake it in terms of market cap. Despite today\u2019s fall, ADA remains up by 14.5% in a week and by 16% in a month. The altcoin has also risen by 15% since [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":77382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-77381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano Price Prediction as Dogecoin Overtakes ADA \u2013 What&#039;s Going On? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: TradingView The Cardano price has dropped by 4% in the past 24 hours, with the altcoin\u2019s fall to $0.284623 enabling Dogecoin to overtake it in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=77381\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano Price Prediction as Dogecoin Overtakes ADA \u2013 What&#039;s Going On? 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