On-Chain Analyst Predicts Price Rebound
  • The TD Sequential indicator shows buy signals on the daily charts of Solana, Shiba Inu and Cardano.
  • Recent developments in Shibarium, Sundae v3 Cardano, and ZK Compression Solana highlight innovation and adoption.

Renowned on-chain analyst Ali Martinez recently It pointed out The tweet also showed positive indicators for three important altcoins. Martinez reported that the TD Sequential indicator had issued a buy signal on the daily charts of Cardano (ADA), Shiba Inu (SHIB), and Solana (SOL).

This has raised hopes for a price recovery for these coins. Also, check out the latest developments in these three cryptocurrencies.

Shiba Inu trading fees soar

Recent data shows that Shibarium, a Shiba Inu Layer 2 solution, recently saw a 493% increase in trading fees. Speculation is rife as to how this phenomenal increase will impact SHIB’s market value. Investors and enthusiasts are closely watching how this will impact SHIB’s performance in the coming days.

At the time of writing, the SHIB costs around $0.0000173Up 1.75% Within the last 24 hours.

Cardano Sunday v3 adoption increases

Cardano has also been making waves with its decentralized exchange (DEX) system, Sundae v3, which recently reported that it processed around 9,264 orders in the one day that ended on Sunday.

This notable event shows how much use the Cardano ecosystem is getting and how attractive it is for both developers and users. At the time of writing, the price of ADA is $0.3898Increased 4.29% Within the last 24 hours.

Solana Announces Compressed Zero Knowledge

Solana, known for its lightning-fast blockchain, has announced a groundbreaking feature called Zero-Knowledge (ZK) Compression, as previously reported by CNF. In collaboration with Light Protocol and Helius Lab, the invention aims to improve the efficiency and scalability of the Solana network.

This development is sure to attract more projects and developers to Solana, strengthening its position in the cryptocurrency market. At the time of writing, the price of SOL is $135.49Up 7.68% Within the last 24 hours.

These latest updates, along with the buy signal spotted by Ali Martinez, point to a bright future for Solana, Shiba Inu, and Cardano. As these networks develop and improve, prices could rise even further. Let’s take a look.


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