Cardano easily ranks amongst the top 10 most valuable crypto assets by market cap.
Launched by one of Ethereum’s early co-founders, Cardano prides itself as the third-generation of blockchain networks.
It relies on a peer-reviewed approach to solving the blockchain trilemma by providing a scalable, secure, and decentralized ecosystem through its use of a proof-of-stake (PoS) consensus mechanism called Ouroboros.
Since reaching its all-time high (ATH) price of $3.09 on September 2, 2021, the $ADA token has had a hard time hitting the $1 price peg following a two-year bear run.
However, ongoing positive market sentiment seems to suggest Cardano could hit the $1 price mark in the coming months.
While this would be exciting for the seventh-placed crypto asset, a new crypto project is taking the industry by storm.
Named AiDoge, it allows meme creators to use text-like prompts in producing relevant memes.
The project has recently blazed through the $250,000 mark prompting market experts to name it the industry disruptor?
Could it be the next big thing in crypto?
Cardano Price Prediction Shows Strong Buying Pressure
At press time, the Cardano token is trading at $0.4034, up 1.07% in the last 24 hours.
The digital asset is profiting off a general market uptrend of 0.04% following a slight bullish current lifting the crypto market spirits.
Looking at its weekly performance, we see that the $ADA token has risen 6.54% with a 30-day green zone percentage of 6.87%.
Although this would not likely knock many investors off their seat, Cardano’s year-to-date (YTD) performance stands at 65.7% which is quite impressive for the peer-reviewed smart contract network.
Turning to its technical indicators show strong bullish potential.
Its $ADA token technicals show a moving 50-day moving average (MA) price of $0.3816, while its longer term 200-day moving average of $0.3511 reinforces the bullish sentiment surrounding it.
The Relative Strength Index (RSI) stands at a figure of 53 which shows the asset is currently underbought.
The final technicals worthy of note is the Moving Average Convergence Divergence (MACD).
This momentum oscillator is showing the orange trendline above the blue trendline indicating a strong sell signal.
$ADA’s unique selling position (USP) has been the fact that it is the only peer-reviewed blockchain protocol in the entire crypto space.
This unique property means every network upgrade is critically analyzed by a team of mathematicians, engineers, and other blockchain experts before they are deployed.
This way, the protocol can launch well-tested products with no downsides.
However, Cardano is not the only one carving a niche for itself in a crowded market.
One such project is newly launched AiDoge.
From AI prompts to AI Memes: Get Into Project AiDoge
Artificial intelligence (AI) is fast becoming a moving trend across several industries. The computer-based complex programs are now being adopted into the crypto space.
Launched a few days ago, AiDoge is the first-of-its-kind AI meme generator in the industry.
It basically allows meme creators to use text-like prompts to produce contextually relevant memes that reflect issues and are up-to-date.
The platform does this by using complex algorithms in its AI meme generator, offering chat-like text prompts as well as allowing users to use its $AI tokens to purchase credits to interface with the project.
Given the significant adoption of memes across the crypto space, AiDoge is set to take over the industry. Memes are relatable images and short clips about events and can be used as a form of communication.
AiDoge makes it easy for crypto users and social media denizens to create personalized memes that reflect their feelings and views.
In the true spirit of Web3, it also rewards users. This can be done through staking the $AI tokens in order to secure the network.
Another way is to reward the best meme creators with its network tokens after votes are cast on a public wall available on the platform.
Since making its debut, the advanced meme technology has turned heads in the crypto space.
So far, its network token $AI has already secured over $295,000 showing strong investor demand.
For early-bird investors, the $AI token is currently going for $0.000026 making this an ideal time to buy the digital asset.
Buy AiDoge Here
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Read the full article here