Is Cardano Dead Weight? Analyst Challenges ADA's Rally Potential and Highlights 2 Rival Tokens to Buy
After reaching a new ATH of $3.08 in September 2021, Cardano (ADA) has struggled to regain its previous momentum. ADA is currently trading at $0.35, down 88% from its 2021 height. An analyst believes that by 2025, ADA could be dead weight, suggesting RXS and LINK as superior alternatives.
Cardano Faces a Possible 90% Fall
Recently dropping out of the top 10 cryptocurrencies, the analyst predicts a grim future for Cardano. They indicate that a forecasted 90% price collapse is plausible, potentially bringing ADA down to $0.03, which would drastically reduce its market cap. The expert highlights bearish trends, particularly among whale activity, noting significant offloading of tokens by large holders.
Rexas Finance (RXS): The Future of Real-World Asset Tokenization
Rexas Finance (RXS) is projected to surge from below $0.08 to $12 by 2025. The platform aims to revolutionize various sectors, from real estate to commodities, offering innovative solutions that distinguish it from competitors. With its presale already drawing $2.75 million, the analyst believes RXS has a large market potential.
Chainlink (LINK): Poised for a Bullish Breakout
The analyst also views Chainlink (LINK) as a strong alternative to Cardano. Its decentralized oracle network connects smart contracts to real-world data, pivotal for its ecosystem. Currently consolidating, LINK might be ready for a breakout, with potential targets exceeding its current value.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.