Cardano (ADA), Ripple (XRP), and Solana (SOL): The Future Fortunes or Upcoming Catastrophe?

The crypto market’s landscape is like a roller-coaster ride, brimming with sharp turns influenced by world affairs. From the agonizing scenes between Gaza and Israel to the Russia-Ukraine conflict showcasing the humanitarian potential of cryptos, the dynamics are ever-changing. And while the world sways between crises, investors have directed their compasses towards war-related stocks and oil price speculations.

With oil prices surging amidst the backdrop of global tensions, the crypto sector experienced its mini-whirlwind with approximately $730 million worth of Bitcoin and Ethereum options bidding adieu just last Friday. Yet, many traders seem optimistic about October, leaning towards call options. While these turbulences may seem to be passing, another one may be just around the corner.

Source: Messari.io

Cardano (ADA), Ripple (XRP), and Solana (SOL) are gaining considerable attention, with XRP constituting $26.84 billion or 59.87% of total crypto market cap, SOL $9.16 billion or 20.42%, and ADA $8.84 billion or 19.71% as of this writing. Let’s take a closer look at how these cryptos’ prices could change.

Cardano (ADA) Price Analysis

When Ethereum’s co-founder, Vitalik Buterin, hinted at staking and protocol tweaks to amp up decentralization, he probably didn’t expect Cardano’s founder, Charles Hoskinson, and the Cardano community to react so vociferously. Accusations flew about Ethereum dressing up as Cardano for Halloween, given Cardano’s history with liquid staking. While the debate rages on about who’s copying whom, it’s clear that competition is heating up.

Taking a look at ADA technicals, Cardano’s prices have seen some fluctuation. With a 52-week high of $0.4595 and a recent high of $0.3750, it’s evident that ADA is trying to find its footing amidst the market turbulence.

If the coin maintains just above $0.2560 and begins an upward trend, passing through the first resistance level at $0.2628, it can be viewed as a positive signal. A breach of the 1-month high of $0.2692 and the subsequent resistance at $0.2731 could signal a resumpti

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Author: Crypto Daily

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