With a potential bullish break out imminent for Bitcoin if historical halving patterns repeat themselves, many altcoins like Solana (SOL), ETFSwap (ETFS) and Cardano (ADA) could see a rise to new all-time highs as Bitcoin’s demand dwindles and the market’s focus shifts to lesser cryptocurrencies.

At the moment, the price of these cryptocurrencies has been on a downward trend, with Solana experiencing sudden price drops and Cardano’s value staying relatively stagnant. Despite the bearish performance, investors are still purchasing these cryptocurrencies, buying the dip as they anticipate potential gains in the future. 

Cardano (ADA) Set To Surge Over $1

Cryptocurrency analyst, Ali Martinez has made a bold prediction for the price of Cardano (ADA) in an X (formerly Twitter) post. On Tuesday, Martinez forecasted that Cardano (ADA) would have a strong breakout to $1.70 soon. 

He revealed that the cryptocurrency’s price movements have not deviated from his earlier analysis on March 16, where he disclosed that Cardano (ADA) was displaying similar bullish patterns observed between 2018 and 2021.

Sharing a price chart of Cardano price movements from 2020 to 2024, Martinez stated that the cryptocurrency was currently consolidating in the $0.55 to $0.80 range. The analyst revealed that in the coming weeks, Cardano (ADA) could see its price rising above $1, before consolidating again to set a stage for an exponential increase to $5. 

At the time of writing, Cardano (ADA) is trading at $0.4427, marking a steep decline of 10.41% within the last 24 hours and 39.36% over the past month, according to CoinMarketCap. 

Despite the current low price, the cryptocurrency sustains a 24-hour trading volume of over $1.1 billion, reflecting an impressive 233.54% increase. This highlights Cardano’s enduring appeal and rising demand among traders and investors in the industry. 

Crypto Analyst Foresee Solana (SOL) Price Rebound

A crypto analyst identified as ‘Bluntz’ on X shared two price charts comparing Solana (SOL) Tether USDT and the US dollar, indicating that the cryptocurrency had potentially hit its lowest point. Bluntz predicts a significant uptrend for Solana (SOL), which will skyrocket to $224 before April 22, 2024. 

It’s important to note that since its network outage earlier this month, Solana’s price has been on a downward trajectory, as investors' fears and concerns are rising. The cryptocurrency has witnessed a drop to $132.77, reflecting a significant decline of 26.70% over the past week. 

In his post, Bluntz predicted that Solana’s (SOL) price bottom was projected at $160 and would go higher from there. However, given that the cryptocurrency’s current price is below the anticipated bottom, it remains uncertain whether Solana (SOL) will experience a price increase soon. 

On the flip side, the Solana (SOL) blockchain developers have revealed a date for resolving the network’s outage. This fix could restore the cryptocurrency’s previous bullish trajectory and push its price out of the bearish trend. 

ETFS Price Set To Shed More Zeros As Investors Flock To ETFSwap Trading Platform

Among the crypto industry’s various innovative projects, ETFSwap (ETFS) positions itself as a potential top gainer of the burgeoning Spot Bitcoin ETF market. This platform offers investors access to buy, trade and invest in different types of ETFs, including spot and future cryptocurrency ETFs, commodity ETFs, leveraged ETFs and many others.

With its native token, ETFS, currently available at a low price of $0.00854 during the first stage of its presale, ETFSwap will allow investors a string of investment opportunities and a chance to profit immensely from successful trades. 

Understanding how important security and privacy are for its users, ETFSwap (ETFS) has gone through a stringent audit process by CyberScope, a cybersecurity and audit firm. The audit results revealed an excellent operating performance, underscoring no weaknesses or flaws in ETFSwap’s infrastructure and security.

Additionally, ETFSwap (ETFS) strives to harness the power of blockchain technology to ensure its users can trade safely and efficiently on its platform. This also provides a high level of transparency and control over transactions, as the trading platform eliminates KYC requirements for trading. 

Presently, investors are quickly snapping up ETFS tokens at their low price, anticipating the token will shed a few zeros and hit $0.01831 by the second presale stage. Do not miss out on securing a share of this innovative cryptocurrency, as more than 17.5 million tokens have already been sold in the first presale stage. 

More importantly, cryptocurrencies like ETFS, the native token of ETFSwap, are set for explosive growth as its innovative trading platform continues to expand and its user base increases daily. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

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