Table of Contents
In this moving preferences environment, between established assets and emerging projects, investors see on an everyday basis. Leading is Cardano (ADA) and USDC (USDC), with increased activity coming from bullish retail traders who diversify into some of these promising ventures like Raffle Coin (RAFF). Meanwhile, altcoins such as Ethereum (ETH) and Shiba Inu (SHIB) make some waves with each of their respective market movements.
This growing atmosphere around Bitcoin (BTC) does add to the color of the market and shows it has more potential for bigger gains. Here are the recent trends in Cardano (ADA), USDC (USDC), Ethereum (ETH), Shiba Inu (SHIB) and the innovations of Raffle Coin (RAFF) in the thick of the crypto rush.
Cardano (ADA): Mimicking Previous Bullish Cycles Amidst Market Optimism
Cardano (ADA) is literally surfing on the waves of positive sentiments that run through the cryptocurrency market immediately after Bitcoin (BTC) obliterated the all-time high price of $69,000. Analysts point out that, for now, much of the development on Cardano (ADA) is following the same path that previous bullish cycles have suggested over the years in pushing for a move toward the $10 level. With Cardano (ADA) already breaking out of a cup & handle formation from June 2022, investors anticipate further upward movement.
USDC (USDC): Enhancing Liquidity on Solana Through Cross-Chain Transfer Protocol (CCTP)
Circle’s cross-chain transfer protocol aims to boost liquidity on Solana (SOL) by allowing for the seamless transfer of USDC (USDC) across all supported blockchain networks. Interconnecting seven networks, including Ethereum (ETH) and Polygon (MATIC), will enable users to transfer USDC (USDC) at any point in time while holding the liquidity on Solana. This correlates with the vision for Solana to become a center for stablecoin transactions with an active DeFi industry and an increase in the total value locked (TVL).
Ethereum (ETH): Approaching Critical Resistance Amidst Bullish Momentum
Go to Source to See Full ArticleAuthor: Crypto Daily