Cryptocurrencies Price Prediction: Algorand, Shiba Inu & Cardano – American Wrap 28 April
|With 96% of the investors suffering losses, Algorand price might need more than new 2023 highs
Algorand price has seen lesser growth over time, and while most of the market is recording recovery, this altcoin is lingering at the lows of its current trading price. The problem here is not just a lack of growth but also a lack of support from the investors, who cannot be blamed for their nominal conviction given their current conditions.
Shiba Inu price in Catch-22 as price action could slide below $0.00001000 again
Shiba Inu (SHIB) price is trading sideways as the US trading session is underway before closing off this Friday. After some sharp moves and a pickup in volatility on Wednesday and Thursday, price action is nearly dead early Friday, moving as it is in a tight range.
Cardano price to pop 15% in delayed price action after peak in development activity
Cardano (ADA) price might be a cheap bargain here after on-chain data provider Santiment published numbers around Cardano that reveal a significant surge in development activity. A peak in development activity means that the technology infrastructure is being tweaked and enhanced to be more beneficial and competitive. This would only bring more positive support and could see ADA jumping toward $0.48.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.