ICP

Internet Computer (ICP) recently experienced a massive price increase of 90%, successfully overcoming two major resistance levels. While the Relative Strength Index (RSI) on the weekly time frame is showing a bullish trend, reflecting strong market sentiment, the short-term price action and RSI are showing a bearish trend.

As of now, Internet Computer (ICP) is trading within a range of $6.34 to $13.26. The 10-day moving average currently stands at $10.1, while the 100-day moving average stands at $6.33. Support for the asset is set at $2.2. On the other hand, it encountered resistance at $16.03 and $22.94.

Looking ahead, Internet Computer (ICP)'s trajectory appears poised to trend upward, especially if it continues to hold above important support levels. A strong recovery from short-term support could lead to a 40% rise, potentially reaching yearly highs of $11.9. However, the emergence of bearish indicators in the short term suggests that Internet Computing (ICP) may face difficulty maintaining its current growth momentum.

Solana (SOL)

Solana (SOL), widely known for its scalability, is a layer 1 blockchain. Blockchain has survived the bear market for a long time and currently has a market capitalization of $23 billion.

Why choose SOL?

Solana has a hybrid consensus mechanism that blends proof-of-stake and proof-of-history and is widely recognized for its throughput of 65,000 transactions per second (TPS). These things, along with its speed and reduced transaction costs, make it a real competitor to Ethereum. The above statement may also be considered true as the network has the second largest developer community after Ethereum.

At this point, the network's transaction processing and uptime have been significantly enhanced. The SOL token is up 550% so far in the cryptocurrency market of 2023, proving that Solana is a good investment. Recent innovations improve reliability and performance, such as the Firedancer validator client in the Solana ecosystem

THERE IS

Cardano can be thought of as a proof-of-stake network that allows peer-to-peer trading and collateralized borrowing. For these use cases, Cardano offers its native currency ADA

Currently trading at around $0.57 and with a market cap of $12 billion, Cardano is an interesting investment in 2024 due to its unique features, including a mortgage lending dApp

Discussing this dApp further, it can lend money to users when they put some collateral assets into their wallet. Additionally, smart contracts can send payments and liquidate collateral in any situation based on the user’s finances and transactions. This feature shows a bright future for Cardano in 2024. There are 3 main factors that can affect the price of Cardano

This ends today’s sharing. Thank you very much for taking the time out of your busy schedule to read this article. I hope the article is helpful to you. You can follow me and leave me a comment to communicate together.

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