Cardano’s green mood has been fading for months.
This is largely due to the panic sale of ADA after several analytic platforms had predicted a BTC crash following the halving.
If you are looking for explosive gains, the market is not all doom and gloom.
You can now invest in altcoins like Dogeverse ($DOGEVERSE), Slothana (SLOTH) and Sponge V2($SPONGE), which could increase your portfolio more than 100x.
We’ll go over the specifics and find out why.
Cardano price plummets ahead of BTC halving event – these new altcoins emerge as promising alternatives
Cardano ADA suffered a major blow during the cryptocurrency market crash on 10 April. Over the past seven days the price has plummeted by more than 23%.
The current correction of ADA’s price is a part of a larger cycle which began in March after the token hit a high of $0.81, a level not seen in two years.
Cardano’s recent price drop was caused by two main factors.
First, Bitcoin’s failure to breach the $70,000 critical resistance led to an overall market decline, which included Cardano. Bitcoin is the most important and influential cryptocurrency. Its performance sets the mood for the entire market.
Second, analysts predicted that Bitcoin would crash after its upcoming event of halving, which scared investors and caused panic sales. These predictions could be true or false, but the fear and anxiety that followed reverberated throughout the market, affecting altcoins such as Cardano.
Cardano’s outlook appears to be challenging on the short-term, given the sharp drop and bearish trend influenced by Bitcoin and market sentiment. If the market struggles, ADA may test new levels of support below the $0.45 level recently broken, and could target $0.40 or $0.30.
It doesn’t necessarily mean that you have to stop looking for tokens which could make a profit on the current market. You could make up to 100x more profit in the coming weeks with tokens such as ($DOGEVERSE), Slothana (SLOTH), or Sponge V2 ($SPONGE).
Dogeverse (DOGEVERSE), a multi-chain Doge meme coin that you can buy on six different blockchains, is a popular idea among investors.
Dogeverse (DOGEVERSE), The latest meme presale coin has a feature that makes it unique – you can buy it using six different blockchains including Ethereum, Binance and Polygon. Base and Solana will be integrated soon.
The token is exposed to an extensive community of traders and meme coin fans, allowing it to reach a wider audience and increase its potential for adoption.
Dogeverse also offers a way for users to earn an annual percentage yield.
In just a few minutes after the token’s initial coins offering (ICO), it raised more than $250,000 and exceeded $6 million in two weeks. The token has the potential to grow significantly, especially with “Doge Day”, which is coming up on April 20th.
Only 15% of the 200 billion tokens will be available for presale in order to create scarcity, and thus increase demand. A further 25% of the token supply will go towards marketing, giving Dogeverse a massive amount exposure on all blockchains.
Slothana (SLOTH) Embodys a 9-5 sloth that plans to leave work and start crypto trading – Unique presale concept attracts early users
Slothana (Sloth) This innovative project is a meme coin that uses a novel presale approach. Investors can send tokens to an address designated by the investor and in exchange receive tokens of $SLOTH via airdrop.
This method streamlines the process by ensuring that tokens are distributed to investors before the end of an event, unlike traditional presale rounds.
Slothana, at its heart, is a meme currency that celebrates laughter and humor. It features a sloth-like avatar who quits his 9-5 desk job in order to pursue financial independence and enter the crypto world.
The lighthearted concept of $SLOTH is appealing to many investors. Investors can currently receive 10,000 $SLOTH for only 1 $SOL during the pre-sale phase.
Early investors can take advantage of this chance, as there is a potential for huge returns once the tokens are listed on the centralized exchanges. Slothana has raised more than $10 million in its presale.
Follow Slothana’s official social media accounts, such as X (formerly Twitter), to stay up-to-date on their latest updates and developments.
Sponge ($SPONGE), Pursuing an Additional 100x for its Original Token Through New Upgrades Such as P2E and Stake to Bridge
Sponge V2 This is an upgrade of the $SPONGE meme coins, a wildly popular coin that soared to nearly $100 million in market capitalization by the spring 2023.
The $SPONGE team is focused on delivering another 100x with their V2 token. They are aiming to list the tokens at top crypto exchanges such as Binance and OKX.
Sponge V2 can only be obtained by buying and stakeing the V1 token. This token will then become permanently locked, in exchange for $SPONGE V2 rewards over the following 4 years.
The project’s community of more than 11,500 supporters has used this unique mechanism to stake nearly $8 million in $SPONGE.
For a limited period, $SPONGE tokens will be given to new investors as an additional incentive. Follow the official project channels on Telegram, Discord, and X to stay up-to-date on V2’s launch.
The conclusion of the article is:
Investors have begun looking for other ways to make money while top altcoins such as Cardano are facing problems due to the coming Bitcoin halving.
They found a great alternative to Dogeverse ($DOGEVERSE), Slothana$SLOTH) and SpongeV2 ($SPONGEV2) in the form of presale tokens.
It’s not surprising that analysts expect these coins to boom, with their fast-growing presales and strong features.
You can buy them now for just a fraction what they will be worth once they are listed.
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