Highlights:
- Top Cardano coins are gaining momentum with double-digit market gains.
- This follows a wider market trend as Bitcoin, Ethereum, and other altcoins surge.
- MELD leads the pack with over 300% gains today followed by SNEK and Revuto.
The crypto market continues on its bullish trajectory with bulls shifting focus to top Cardano coins. The last 30 days saw Bitcoin soar to multiple all-time highs, moving past $93k before a slight correction. This triggered a major move in altcoins and associated meme tokens. At press time, the total crypto market cap stands at $3.09 trillion, while meme tokens surged above $126 billion. Before the recent uphill climb, meme tokens hovered around the $70 billion mark.
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Cardano coins have attracted users in the last 24 hours, setting the tone for the new week. Top assets within the ecosystem include ADA, LINK, and SNEK. ADA, the native utility token of the ecosystem has jumped 5% in the last 24 hours and 33% last week. Meanwhile, LINK moved upwards by 2% and 6% respectively.
🚨 BREAKING: $ADA #ADA #Cardano Is Waking Up!
✅ If you haven’t checked out the Cardano Ecosystem yet, I highly suggest that you do! The Cardano Ecosystem will shock the cryptocurrency space with its ongoing massive developments!!
— Corey Costa’s Crypto Coins (@coreycosta123) November 16, 2024
1. MELD Coin
On-chain data shows top Cardano coins notching double-digit gains following bullish weeks. MELD ranks top with a 326.2% surge today and 116 price boosts in the last seven days. The asset currently trades at 0.0004147 wiping out previous losses. MELD remains a major community focus because of the recent hype around Cardano and its low market cap. Assets with low market cap and price could be good entry positions for most traders. MELD’s market cap is at $2.3 million.
2. SNEK Coin
SNEK ranks next among Cardano coins that could 100X this week. Last week, the asset almost hit the threshold with a 92% rise and a 24% daily growth. Unlike other coins, SNEK remains on a routine surge following a consistent community frenzy.
3. REVU Coin
Revuto (REVU) is up 27.9% today and shows the potential for a skyrocketing week. Last week, the coin soared 39% still maintaining a forward trajectory.
Will Cardano Coins Sustain?
The reasons for the status quo revolve around positive macroeconomic sentiment, a bullish crypto market, and a meme coin frenzy. Several commentators opine that the coins will see an improved drive based on the above factors. If Bitcoin surges above $100k, altcoins with their related assets will see a similar rally. Cardano, the community-dubbed ETH killer, moves in the direction of the wider market, sparking a rally in its ecosystem. However, a correction could affect Cardano coins.
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