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Telegram tap2earn community has clearly grown this year, reeling out exceptionally rewarding projects like Notcoin, DOGS and so on. Although some may argue that a good number of them have been disappointing, while this may be true, the community doesn’t seem to be withdrawing anytime soon. A good indication of the burning enthusiasm still evident in the space is the 36m+ monthly active users of X Empire who are aggressively farming X coins. Formerly known as Musk Empire, players get to build and manage their empire in a futuristic virtual world. Attention seems to be piling up following Musk’s recent announcement on future robots and car series. While $X have been on Premarkets like Bitget, TGE has been scheduled for 24th Oct to the excitement of its community. If you are keen to trade X, what are your launch day expectations? -
By CryptoChamp · Posted
Cardano (ADA) has seen a significant decline in its price, and many investors are starting to question their positions. Let's break down what's happening and whether it's time to rethink holding ADA or focus on Cardano price prediction for potential future growth opportunities. Cardano’s Price Drop Cardano is currently trading at $0.351, which represents a 66.15% drop from its previous high of $0.812. The price decline has left many investors frustrated, especially those who were expecting a strong rebound. Market Sentiment Impact Cardano’s price drop is partly due to broader market conditions where altcoins, in general, have underperformed. The altcoin market has been facing weak development, which has contributed to the poor performance of coins like ADA. Jason Pizzino’s Advice Jason Pizzino, a well-known real estate investor and Bitcoin advocate, recently urged investors to reconsider their altcoin portfolios. According to Pizzino, Bitcoin has surged by 147.58% in the same period that ADA has dropped, making Bitcoin a more attractive option for investors. He labeled altcoins like Cardano as “laggards” that have consistently underperformed compared to Bitcoin. Investors’ Frustration Many investors are disappointed with altcoins, especially those who anticipated price rebounds but have seen continued stagnation. Pizzino questioned whether Cardano could experience significant growth, even doubting a fivefold increase in price for ADA. He also hinted that meme coins might offer better returns than Cardano in the short term. Divided Opinion While Pizzino is clear in his belief that Bitcoin is a superior long-term investment, others in the crypto space disagree. Vandell Aljarah, for instance, argues that altcoins still have the potential to offer high returns in the right market conditions. This leaves investors with a decision: follow Pizzino’s advice or hold out for an altcoin rally. Key Support Levels for Cardano Cardano is facing key resistance at $0.350. If the price doesn’t climb above this level, further declines may follow. Immediate support is at $0.3420, with the next major support at $0.3400. A break below $0.3400 could lead to a test of $0.3220, and possibly $0.3100, where buyers might step in to support the price. -
By tradinglounge · Posted
MCD Elliott Wave Analysis Trading Lounge McDonald’s Corp., (MCD) Daily Chart MCD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave 1 of (1). DIRECTION: Upside 1. DETAILS: Looking at upside thrust after the bottom in a long lasting correction in Primary wave 4. McDonald’s Corp., (MCD)1H Chart MCD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {iii} of 1. DIRECTION: Top in wave {iii}. DETAILS: Digging into the subdivision of Minute wave {iii} as we seem to be having further upside to come, which could potentially end as we hit the middle of MinorGroup1 at 320$. This analysis of McDonald’s Corp., (MCD) focuses on both the daily and 1-hour charts, using the Elliott Wave Theory to assess current market trends and forecast future price movements. * MCD Elliott Wave Technical Analysis – Daily Chart* On the daily chart, McDonald’s is currently in Wave 1 of (1), marking the early stages of an impulsive move following the end of a long correction in Primary Wave 4. This correction appears to have bottomed, leading to a strong upside thrust in the new bullish phase. The focus is now on further upside development as the first impulsive wave unfolds. * MCD Elliott Wave Technical Analysis – 1H Chart* On the 1-hour chart, MCD is currently within Wave {iii} of 1, with further upside expected. The subdivision of Minute Wave {iii} indicates that the wave is approaching completion, potentially nearing a top as it reaches the middle of MinorGroup1 at the 320$ level. After this top, a small corrective phase might unfold before further advances within the larger trend. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!
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