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Amid the second wave of the bull market, investors are shifting their focus to emerging projects like Cutoshi, combining meme appeal with real-world utility for greater profitability.
As profit booking appears to be over in the cryptocurrency market, capital inflows have increased. Institutional investors and whales are expanding their winning position as we head into the second leg of the bull market.
Strong large caps like Cardano (ADA) and Binance Coin (BNB) have performed very well. The vertical movement of these coins has already happened and smart investors are switching to potential coins like Cutoshi, which offers higher win rate and profitability.
Cardano is struggling near the psychological level of $1
After the top formation in early December, Cardano has fallen by almost 30% to the $0.90 mark. The recent upturn attempted to reverse the trend; However, supply continues to increase at the $1 level. The 20-day moving average is acting as immediate support for the price, while on the downside, $0.90 represents a major demand zone.
At the time of writing, Cardano’s price is $1.07, down 5.05% in the last 24 hours and down 10.07% in the last week. Its Total Value Locked (TVL) has also fallen from its December high. With a market cap of $37.6 billion and a 24-hour trading volume of $973 million, Cardano is trying to recover from profit booking.
Can Binance Coin continue the momentum?
BNB coin recently reached a…
