Cardano and Shiba Inu Erase July Gains, But This Viral Crypto Looks Set To Extend 500% Gains
The post Cardano and Shiba Inu Erase July Gains, But This Viral Crypto Looks Set To Extend 500% Gains appeared on BitcoinEthereumNews.com. Cardano (ADA) has fallen 15% from its July peak of $0.92 to $0.69, erasing a 53% rally sparked by the Chang Hard Fork and governance upgrades. Shiba Inu (SHIB) followed suit, wiping out more than half of its July gains. As these top altcoins struggle to regain footing, smart money investors are eyeing a new 100x crypto candidate with real-world use cases and sustained momentum. Which new crypto token launch is analysts’ top pick for best crypto investment in 2025? Let’s find out. Cardano’s Technical Breakdown Signals Deeper Correction Despite major upgrades, Cardano has broken below key $0.85 support, now trading near $0.69 with RSI at 37, indicating possible further downside. The drop comes as Cardano daily active addresses slide to 21,500, lowest since November 2024 and on the back of the market pullback in reaction to Trump’s new EU tariffs. Analysts are split: some see ADA rebounding if it reclaims $0.85, targeting $1.50 in a cycle similar to 2021, while others warn of a deeper correction toward $0.70 or even $0.65. Cardano’s rigorous development model has yielded over 1,300 projects and $412M in Total Value Locked, but slower adoption and user experience challenges leave it lagging behind newer, more agile competitors. Shiba Inu Supply Faces Inflation Amidst Burn Rate Decline SHIB has tumbled 16% from July highs despite a one-day burn of 600M tokens, a 374,629% spike. Yet price performance remains disconnected from burn activity. Technicals show weakness: SHIB has dropped below its 50-day EMA, with RSI below 50 and falling volumes. While SHIB celebrates 5 years and 21,600,000% historical gains, reduced Shibarium usage and waning open interest suggest fading momentum and Shib Inu price may fall toward $0.0000094 if selling continues. Remittix: Extending 500% Growth Through Real-World Utility As ADA and Shiba Inu prices retrace, Remittix’s mission to…
The post Cardano and Shiba Inu Erase July Gains, But This Viral Crypto Looks Set To Extend 500% Gains appeared on BitcoinEthereumNews.com.
Cardano (ADA) has fallen 15% from its July peak of $0.92 to $0.69, erasing a 53% rally sparked by the Chang Hard Fork and governance upgrades. Shiba Inu (SHIB) followed suit, wiping out more than half of its July gains. As these top altcoins struggle to regain footing, smart money investors are eyeing a new 100x crypto candidate with real-world use cases and sustained momentum. Which new crypto token launch is analysts’ top pick for best crypto investment in 2025? Let’s find out. Cardano’s Technical Breakdown Signals Deeper Correction Despite major upgrades, Cardano has broken below key $0.85 support, now trading near $0.69 with RSI at 37, indicating possible further downside. The drop comes as Cardano daily active addresses slide to 21,500, lowest since November 2024 and on the back of the market pullback in reaction to Trump’s new EU tariffs. Analysts are split: some see ADA rebounding if it reclaims $0.85, targeting $1.50 in a cycle similar to 2021, while others warn of a deeper correction toward $0.70 or even $0.65. Cardano’s rigorous development model has yielded over 1,300 projects and $412M in Total Value Locked, but slower adoption and user experience challenges leave it lagging behind newer, more agile competitors. Shiba Inu Supply Faces Inflation Amidst Burn Rate Decline SHIB has tumbled 16% from July highs despite a one-day burn of 600M tokens, a 374,629% spike. Yet price performance remains disconnected from burn activity. Technicals show weakness: SHIB has dropped below its 50-day EMA, with RSI below 50 and falling volumes. While SHIB celebrates 5 years and 21,600,000% historical gains, reduced Shibarium usage and waning open interest suggest fading momentum and Shib Inu price may fall toward $0.0000094 if selling continues. Remittix: Extending 500% Growth Through Real-World Utility As ADA and Shiba Inu prices retrace, Remittix’s mission to…
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