According to CryptoPotato, the recent cryptocurrency market correction has primarily impacted altcoin investors, with many experiencing losses. However, meme coin investors, such as those in Dogecoin (DOGE) and Shiba Inu (SHIB), are comparatively better off, with fewer holders facing losses due to earlier price increases.

Despite a promising start to the year and last month's Bitcoin (BTC) halving, the cryptocurrency market has been undergoing a severe correction. The price of the primary cryptocurrency has fallen 10% over a week, dropping below the $60K mark. Other leading digital assets, including Ethereum (ETH), Solana (SOL), and Ripple (XRP), are also significantly in the red.

Market intelligence platform IntoTheBlock outlined the ten cryptocurrency projects with the most holders currently experiencing paper losses. Algorand (ALGO) investors topped the list, with 91% of investors being underwater. The Sandbox (SAND) and Arbitrum (ARB) followed, with over 80% of holders in the red. Cardano (ADA) and Uniswap (UNI) investors also faced losses of 60% and 52% respectively.

However, IntoTheBlock suggested that these assets could offer 'great opportunities' if they demonstrate strong fundamentals and signs of on-chain activity and growth.

Interestingly, the list does not include any meme coins. According to IntoTheBlock, only 18% of Dogecoin (DOGE) holders and almost 40% of Shiba Inu (SHIB) investors are currently experiencing paper losses. The majority of those who have invested in Pepe (PEPE) and Floki Inu (FLOKI) are also in the green. This is due to the substantial price increases many of these assets experienced in the months prior to the current correction. This is a stark contrast to September of the previous year when almost 90% of SHIB holders and 42% of DOGE investors were at a loss.

Today I got several messages of people worrying why their #Altcoins aren't pumping...

DO NOT BE WORRIED!

We are getting closer and closer to #Altseason !👁️

The best part of the cycle hasn't even started yet!

Watch how we will go from Altcoin fear to Altcoin greed in the coming months.

From a sentiment perspective, we are seeing Altcoin capitulation.

People are worried and the majority aren't believing in their Altcoins anymore...

Some even think that the cycle top for Altcoins is in...

Reminder👇

A cycle top is when the huge majority believes the market goes up forever.

A cycle top is when investors will be EUPHORIC and certainly not scared, questioning if the top is in.

I know this phase is not easy seeing $BTC smash through its all time highs and Altcoins not moving.

But believe me.

Capital rotation into Altcoins is coming.

#BTC Dominance will soon drop heavily to the downside.

Then and only then will Altcoins have the best conditions to thrive in.

Mark my words.

All this pain and uncertainty will soon be forgotten.

Altseason is coming!🥂

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The post Cardano Price Prediction For November 21: 43% ADA Rally on Cards Today appeared first on Coinpedia Fintech News
Cardano’s ADA has shown impressive performance, up by 35 percent in the last seven days. The altcoin is currently trading near the $0.77 levels and analysts predict that ADA will soon hit the $1 mark.
According to analyst Josh of Crypto World, Cardano is facing resistance at the 50% Fibonacci retracement level, located between $0.82 and $0.83 on the weekly chart. This is an important level to watch, as it may limit short-term price movement. However, a confirmed breakout above $0.83, supported by strong candle closes, could push the price toward higher targets.
Bullish Breakout Potential
Once Cardano breaks above $0.83, the next major target lies between $1.12 and $1.23, marked by the golden pocket zone. This range is a key price area for further upward movement. The larger trend remains bullish, with Cardano forming higher highs and higher lows, hinting at an ongoing momentum.
Short-Term Price Pattern
ADA is forming a bullish continuation pattern known as a symmetrical or horizontal triangle. This pattern suggests the price could continue rising after breaking out. The price target for this pattern is approximately $0.85, and a larger breakout could see a 30% to 43% gain, with a potential move to $1.18.
However, a confirmed breakout above $0.83 would be necessary to move towards these higher price targets, and any failure to break this resistance could lead to a short-term pullback.
Cardano vs. Bitcoin
Looking at the Cardano/Bitcoin (ADA/BTC) chart, Cardano has recently outperformed Bitcoin, showing strong bullish momentum. The ADA/BTC chart is bouncing off a key support level, which has historically been followed by significant bullish moves. The last time this occurred was in late 2019 and early 2021, leading to major rallies.
Bullish Divergence
A bullish divergence is forming on the ADA/BTC chart, signaling the potential end of a long bear market against Bitcoin. To confirm that Cardano is indeed entering a new bull market, we need to see either a higher low or higher high on the chart.
#Cardano #ADA #Altcoins #CryptoNews

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Solana Must Meet These Three Requirements for SOL Price to Keep Outperforming Ethereum in 2025, Posted by TradingView.
There is higher optimism around Solana as it continues to gain traction. SOL is approaching its all-time high of $260, set in 2021. The consensus is that it could soon reach new heights, as noted by a post made by TradingView.
TradingView suggests that with the right conditions, Solana might not only reclaim its previous record but also establish a more dominant position in the crypto landscape by 2025.
Technical Performance as a Payment ProcessorSolana’s value proposition hinges on its technical capabilities, particularly as a payment processor. The blockchain is known for its transaction speed, handling around 50,000 transactions per second.
This positions Solana as a formidable competitor not only to Ethereum, which manages between 15 to 45 transactions per second, but also to traditional payment systems like Visa.
Such efficiency allows Solana to support high transaction volumes in a decentralized manner, enhancing its appeal to users and developers alike.
Infrastructure for Project Development
Another critical factor in Solana’s performance is its capacity to support a diverse range of projects. It has become a launchpad for various tokens, including meme coins inspired by popular culture and public figures.
As Solana continues to attract new projects, its infrastructure is proving resilient and adaptable, accommodating the influx of innovative and often niche tokens.
This versatility reinforces Solana’s reputation as a leading blockchain for developers looking to create and deploy their projects.
Investment Appeal and Future ProspectsThe Solana ecosystem continues to evolve as 2025 approaches. Market observers note growing institutional interest, including discussions around potential ETF developments.
The platform’s technical performance and developer activity remain key factors in its market position relative to other blockchain networks.
The broader digital asset space faces ongoing regulatory developments that could influence Solana’s trajectory. Industry stakeholders maintain engagement with policymakers as the regulatory framework continues to take shape.
The experts noted that Solana’s market performance will likely depend on multiple factors, including continued technical improvements, ecosystem growth, and overall market conditions.
The platform’s ability to scale while maintaining efficiency will be important for both developers and investors participating in its ecosystem.
#Solana #SOL #Altcoins #Cryptonews