Market Turbulence: Solana and Cardano Prices Dip, Bitgert Coin’s Price Performance Draws Attention

Market Turbulence: Solana and Cardano Prices Dip, Bitgert Coin’s Price Performance Draws Attention

Press Releases
March 23, 2024 by Carolyna Mavis
231
Following the latest crypto market boom, there’s been turbulence with the impact felt across projects like Solana and Cardano. While Solana and Cardano’s investors lament this situation, Bitgert Coin has caught the eye of many with its impressive price performance.  Is this the crypto to help Solana and Cardano investors recover their losses? Here’s what
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Following the latest crypto market boom, there’s been turbulence with the impact felt across projects like Solana and Cardano. While Solana and Cardano’s investors lament this situation, Bitgert Coin has caught the eye of many with its impressive price performance. 

Is this the crypto to help Solana and Cardano investors recover their losses? Here’s what expert investors believe. 

Bitgert

Bitgert coin (BRISE) is drawing attention thanks to its impressive price performance and explosive profit prospect. Most investors recognize the coin’s prospects, giving it a nod ahead of giants like Solana (SOL) and Cardano (ADA). 

Bitgert’s bullish momentum alongside the dip in Solana and Cardano’s prices has earned it a comparison to Cardano and Solana’s early days. There’s a speculative buzz with most crypto investors who recognize the crypto’s innovative technology, solid ecosystem, and massive popularity. Bitgert Coin might not be a household name in the cryptos space like Cardano and Solana. But its scalability, smart contract capabilities, and growing developer community bring back memories of these crypto giants’ outsets. 

This crypto is one for the future. DYOR about Bitgert and make your move.

Cardano

Like several other market performance pointers, Cardano’s open interest in the derivatives markets has dwindled massively, precisely by $500 million over one month. The decline takes it from $1.5 billion on Feb 19 to $1.1 billion at press time on March 22. 

This $500 million decline in Cardano open interest, like many other bearish pointers, explains the bearish sentiment across Cardano markets. Declining open interest in a price correction phase points at traders preparing for a more bearish trend.

But, for Cardano’s current flat price action, traders have limited chances to profit from these massive market fluctuations. Therefore, speculative Cardano traders may liquidate more positions in the coming days.

Solana

Solana followed a week-long rally with a 15.9% decline on March 19 to a five-day low of $166. The rally took Solana’s price briefly to almost $210 and an all-time-high market cap of approximately $92 billion.

Solana recovered some of the losses at press time as market momentum turned bullish briefly after a full day of bleeding. Yet, Solana’s value set at around $174 as of press time with a market cap of approximately $77 billion, according to CryptoSlate data, isn’t encouraging. 

The last time Solana witnessed such comparably low figures was March 14. At the time, Solana was valued at $162 and had a market cap of $71.9 billion. Generally, there has been an overall bearish market trend since March 16, with both Bitcoin and altcoins like Cardano and Solana losing ground. Yet, Bitgert coin continues to impress.