Cryptocurrency is not like fiat currency. It is a high volatile form of currency and its price keeps changing every single day. The prices keep fluctuating every hour and every minute. You will never be able to predict when the price will fall and when it will rise. Many factors affect the price of cryptocurrencies like the present market issues, political issues, social media, or any major news or incident happening across the world. If you’re looking for a faster way to learn the fundamentals of bitcoin trading then the Bitcoin Code system was born to help you.
Recently, the entire market was red and it was a very bad time for the investors. 2021 closed with good numbers and many traders and investors were able to make good profits. But due to the recent events, the entire market turned red. In the last few days, the market is turning back to green.
Even when the market is turning green, it is not showing the same effect on all cryptocurrencies. Some coins have been doing better, but some did not do well. The price surge is not uniform. Some coins like Bitcoin and Ethereum are still the same, while coins like Solana, Cardano, and Avalanche can rise well. The price of these three coins is surging high.
So, what could be the reason for such a surge in the price of a few coins and a fall in the price of other coins?
Cardano, Solana, and Avalanche are among the top ten cryptocurrencies in terms of market capitalization. They are also popular with the name Ethereum Killers. They give a very tough competition to Ethereum. The key point that drives these three crypto tokens seems like Ethereum’s capital flow. Also, the smart contract blockchain networks compete with them. But in the last few days, Avalanche and Solana have led the rest of the altcoins, making it clear that buying during the dip is a great choice. Now that the price of the coins has started rising, people can see good profits.
Avalanche has been performing very well since last year and there is a capital inflow of almost $25 million to date. That clearly shows that its capital inflow could be one of the reasons to drive its price high.
So, it is very clear that the capital inflow can be a good reason for the price surge.
These three, Solana, Avalanche, and Cardano are some of the best cryptocurrencies that you should try. The massive network of Ethereum is a reason why many Ethereum investors sleep peacefully in the night even when the price is falling. But these three crypto tokens are being adopted by many people. The investor’s interest in these three tokens is increasing every single day.
Solana is known to be one of the best and fastest blockchains and that is the reason why it can be the best investment opportunity. The rate at which it is increasing can make it one of the best and most dominating cryptocurrencies.
It is the same with the Cardano token as well. The coin has been in the market for a very long time and is also having a big community. The price started increasing very fast with the recent surge in the crypto market. A 10 percent price increase has been seen and that made it one of the tokens with the fastest increase in the price. Along with that, there are many recent developments in Cardano that are making it one of the best and most adopted tokens. These recent upgrades make the token faster, secure, and cheaper as well.
If you look at the investors who have gained good profits, then it will be the investors of Avalanche. There were just a few cryptocurrencies that gained a profit of 10 percent in their price and Avalanche is one among them. Soon, it is going to be a secured and cheaper token.
So, these can be some of the main reasons why the price of Solana, Avalanche, and Cardano is increasing with the recent surge. But that does not mean that Ethereum and Bitcoin will remain low. With changes in the market and other political aspects, the price of these two coins will also start surging high. We just need to wait.
Former Ethereum Advisor Steven Nerayoff to Feature on John E. Deaton’s Podcast
A Complete Overview of Cryptocurrency Cloud Mining Platform – TopHash
9 Out of Every 10 Central Banks Around the World are Exploring CBDCs, Ripple Reports
XRP Is On Its Way to a Strong Comeback as Coin’s Rising Trading Volume Shows Growing Investor Interest
Research Uncovers Why XRP Is Japan’s Most Favored Cryptocurrency
Recent Press Release
CGMD Miner’s Low-Cost Coin Mining : Spend Less, Earn More!
As more players enter the cryptocurrency space, mining becomes more complex and requires more computing power. As a result, many...
Will Arbitrum Reach $1? ARB Struggles, SPCT Offers Better Prospects
As the crypto market recovers from Bitcoin’s (BTC) recent crash, Arbitrum (ARB) is enhancing its network capabilities to improve its...
Cardano (ADA) Lags, Analysts Predict VC Spectra (SPCT) Will Outpace it
Cardano’s (ADA) price has suffered despite the launch of Cardano’s Project Catalyst Testnet on August 25. Even when the news...
SUI and Hedera (HBAR) Slump Ahead of Token Unlocks, VC Spectra (SPCT) Gains Users
Token unlocks in crypto are typically bearish signs due to basic supply and demand. Analysts will keenly observe how Sui...
While Polkadot (DOT) Pauses, VC Spectra (SPCT) Offers a 220% Potential Upside!
VC Spectra (SPCT), a rising blockchain for investments and asset management, has grown considerably in its ongoing presale. Meanwhile, Polkadot...