Is It Time to Switch From Cardano (ADA) to High-Reward Altcoins Like Shiba Inu (SHIB) and IntelMarkets (INTL)?

With Cardano (ADA) stuck in the $0.35 mark, some investors are exploring options with higher upside potential, especially with the rise of meme coins like Shiba Inu (SHIB) and the new viral contender, IntelMarkets (INTL).

Investors are turning away from Cardano (ADA) due to its stagnant price at $0.35 and increasing selling pressure, despite technical indicators suggesting overselling.

In response to this, some investors are exploring high-reward altcoins, such as Shiba Inu (SHIB) and IntelMarkets (INTL), which offer promising opportunities.

Cardano (ADA) has been following a bearish pattern, with its latest price movement rejecting the rising trendline resistance. This trendline was derived from several lows since August, and its breach last week hinted at a potential shift in the market.

However, the price quickly reversed, returning to its current level of $0.33 after Cardano (ADA) attempted and failed to retest this trendline. ADA is currently trading between $0.346 and $0.367.

The coin has seen a decline of 6.49% following a drop of 26.70% in six months, indicating persistent selling pressure on the coin.

The technical indicators, on the other hand, present a conflicting picture. The RSI is at 39.98, nearing the oversold zone. Additionally, the stochastic is at 31.11, which could indicate overselling. Bearish momentum is evident with a negative MACD at -0.003217.

At this point, investors are growing weary of the prolonged stagnation of ADA's price at $0.35. If this prevailing trend fails to change, investors are likely to shift their focus to more promising opportunities.

Shiba Inu's (SHIB) development team has recently introduced an NFT bridge on its Layer-2 blockchain, Shibarium, aiming to enhance the platform's capability in handling Ethereum-based NFTs.

This launch has sparked speculation of a potential SHIB price surge as Shibarium gains wider adoption.

This new feature allows users to connect their Web3 wallets, like MetaMask or TrustWallet, to deposit and withdraw NFTs on the Ethereum network.

The NFT bridge on Shibarium also facilitates accessibility, which could help integrate Shiba Inu's ecosystem with a broader audience.

Shiba Inu's market performance has shown positive momentum since the launch of the NFT bridge. Shiba Inu is currently trading at $0.00001857, up 8.18% over the past 3 days.

This aligns with the recent surge in the cryptocurrency industry, following Bitcoin's rise to $71,000.

According to CNF, experts are optimistic about SHIB's emerging price trend. The NFT bridge functionality is expected to increase liquidity within the Shiba Inu ecosystem, thereby boosting the token's demand.

While experts predict a gloomy outlook for Cardano (ADA), they foresee a promising future for a new coin called IntelMarkets (INTL), which is grabbing attention with its ongoing momentum.

This new coin is native to its upcoming AI-powered trading platform, touted as the crypto world's first true modern-generation trading platform.

The platform boasts cutting-edge features like multichannel analysis, omnichannel processing, dual-chain trading options, Rodeum AI-powered trading robots, enhanced market access, and up to 1000x leverage, which are said to revolutionize trading as we know it.

Moreover, the ongoing presale of IntelMarkets' (INTL) token has been generating an unstoppable hype, largely contributing to the buzz surrounding this project.

This presale has already raised over $1.6M, following $550k in private funding from Fortune 500 investors.

The INTL token is currently available for only $0.03 and is expected to show gains of up to 12000% upon its official launch in the market.

As the presale is still in its early stages, you can become an early investor and reap大な利益upon its official launch.