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As Cardano continues its downward spiral with a 38.8% YTD loss in 2024, savvy investors are eyeing alternative cryptocurrencies that show potential for significant gains. Here are three top picks that could outperform ADA in Q4:
- Layer 1 Blockchain: Tailored for high-performance trading, SEI has defied market uncertainty.
- Price Surge: SEI saw a 52% increase in just three weeks, jumping from $0.20 to $0.319.
- Market Cap Boom: Now at $12.94 Billion, SEIâs future market interest surged by 151%, indicating growing liquidity and investor interest.
- Decentralized Blockchain: TRON's recovery has been driven by the launch of SunPump, a platform for minting meme coins.
- Market Position: TRX reached a peak of $0.17 before settling at $0.16; its market cap now stands at $14.1 billion.
- Investor Confidence: Continuous growth in TRX holding addresses, now at 100.8 million, signals robust long-term potential with price targets exceeding $0.3.
- Largest Meme Coin: DOGE has risen by 28.8% in August, pushing its price to $0.1.
- Market Cap Growth: DOGEâs market cap has soared to $15 billion, challenging key resistance levels.
- Strong Accumulation: Large investors are accumulating DOGE, positioning it for a potential rally to $0.22 and beyond.
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đ Why Cardano Could Plunge in September
- Historical Data: Since 2018, ADA has consistently underperformed in September, with an average return of -12.5%.
- Bearish Outlook: With no signs of bottoming, ADAâs correction trend could persist, redirecting investor focus to the likes of SEI, TRX, and DOGE.
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Conclusion: As Cardano struggles to regain momentum, these three cryptocurrencies are poised for a potential uptrend in Q4. Keep an eye on Sei (SEI), TRON (TRX), and Dogecoin (DOGE) as they could be the ones to watch for massive gains!
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