Bitcoin's decline usually affects other cryptocurrencies, but some cryptocurrencies offer buying opportunities after the decline. These cryptocurrencies include MANTRA, TRON, and Cardano, which differentiate themselves from other cryptocurrencies through innovative technology, strong development teams, and growing adoption rates. These cryptocurrencies are considered to be cryptocurrencies with great potential and are essential choices for any investor's watch list.
Recently, MANTRA partnered with MAG, a leading real estate developer in the UAE, to tokenize MAG's real estate portfolio for $500 million. Meanwhile, the TRON ecosystem is developing rapidly, continuously working towards decentralizing the network. In addition, the recent significant growth in ADA's market capitalization can be attributed to major improvements to the network and the rapid growth of the DeFi industry.
1. MANTRA (OM)
MANTRA is a high-quality first-layer blockchain designed to bring real assets into the blockchain space. It operates as a permissionless chain while complying with real-world regulatory requirements. This makes it easier for developers and institutions to participate in the growing real-asset tokenization market.
In addition, MANTRA provides advanced technology modules, compliance mechanisms, and cross-chain interoperability. Recently, MANTRA has partnered with MAG, a leading real estate developer in the UAE. This collaboration will tokenize MAG's real estate portfolio with a total value of US$500 million. MAG's total real estate holdings exceed US$5 billion.
The partnership aims to transform real estate investment using blockchain technology. The collaboration will begin with Keturah Reserve, a luxury residential project at Meydan in Dubai, known for its innovative living spaces. It will introduce a real estate financing insurance vault on MANTRA’s compliance-ready first-layer blockchain.
2. TRON (TRX)
TRON runs on the TRC-20 network and is known for its large transactions of the USDT stablecoin. TRON has become the main network for USDT transactions, highlighting its growing popularity and demand as a payment method. The platform offers scalability and cost-effectiveness, attracting more businesses and users.
Data from Allium shows that of all stablecoin addresses used in the past 30 days, 38.6% belonged to USDT on TRON wallets. This statistic highlights TRON’s influence in the stablecoin market.
Furthermore, TRON’s recent gains can be attributed to its founder, Eric Sun. In the past few days, Eric Sun purchased 3,967 ethers worth nearly $50 million, driving TRON’s market dynamics. In addition, an address associated with Eric Sun withdrew 1,449 ethers from Binance.
Another factor that correlates with the rise in TRON’s value is that Sun Yuyang won a landmark defamation lawsuit in the People’s Court of China. The court ordered the media organization to remove its false content and formally apologize to Sun Yuyang, acknowledging the damage to his reputation.
In addition, Sun Yuyang recently proposed a strategic plan to strengthen TRON in the volatile cryptocurrency market. His main goals include integrating stablecoin payments, attracting top talents to expand the TRON team, and using memes to enhance TRON's resilience and popularity.
These moves are intended to consolidate TRON’s position in the market and maintain its leadership in blockchain innovation. TRON’s total accounts have exceeded 241 million. The TRON ecosystem continues to develop rapidly and strives to achieve network decentralization.
3. Cardano (ADA)
Cardano aims to create a balanced and sustainable cryptocurrency ecosystem. It uses a unique proof-of-stake consensus mechanism called Ouroboros, which is more energy-efficient than Ethereum's proof-of-work mechanism.
At the time of writing, the Cardano coin is valued at $0.3924, showing a gain of 3.75% in a week. The coin has high liquidity according to the market capitalization. The 14-day relative strength index (RSI) is 31.34, indicating a neutral position that could result in sideways trading.
The recent surge in ADA’s market cap can be attributed to major improvements to the network and the rapid growth of the DeFi industry. In addition, the Cardano Foundation has partnered with the Crypto Carbon Rating Institute (CCRI) to introduce MiCA-compliant sustainability metrics for the Cardano network, further boosting its market cap.
In order to comply with MiCA requirements, the Cardano network must be monitored, relevant data must be collected, and metrics must be calculated using scientific methods. The Cardano Foundation has worked with CCRI to ensure the quality and objectivity of these sustainability indicators, thus providing comprehensive metrics for the Cardano network.
The positive sentiment towards Cardano stems from the performance of its network and the increase in total value locked in DeFi, indicating high activity. These technological advancements and strategic growth initiatives make Cardano one of the most worthwhile cryptocurrencies to invest in.
4. Base Dawgz (DAWGZ)
Despite the market decline, Base Dawgz’s presale raised more than $2.3 million. The project launched a new feature called “Refer and Earn” that allows community members to earn rewards by referring others to the project and its presale.
With this new program, users can generate referral links to share with friends, family, and followers on social media. When someone uses the link to join the Base Dawgz presale and purchase DAWGZ tokens, the original user who shared the link will receive 10% of the purchase amount as a USDT reward. This feature is designed to help users get rewarded when their referrals show interest in the meme coin.
Base Dawgz has distributed 1.69 billion DAWGZ tokens, representing 20% of its total supply of 8.4 billion, as staking rewards. The project is a multi-chain cryptocurrency that runs simultaneously on five different blockchains, including Base, Ethereum, Solana, Avalanche, and Binance Smart Chain.
DAWGZ, originally developed on the Base blockchain, will enable seamless transfers between chains without using stablecoins or purchasing different tokens for each chain. This multi-chain capability is designed to enhance user flexibility and accessibility, simplifying the process of transferring funds between different blockchain networks.
5. zkSync (ZK)
zkSync recently launched Elastic Chain, an extended zero-knowledge (ZK) rolling network. These rolling networks, secured by mathematical proofs, provide native interoperability through a user-friendly interface.
In addition, zkSync recently upgraded to version 3.0, solving the problem of reducing transaction fees leading to liquidity fragmentation and inconsistent user experience. By leveraging the ZK Stack, zkSync 3.0 enables native, trustless, and low-cost interoperability between chains.
Furthermore, zkSync has experienced a price increase of 3.91% in the past week, showing growth potential. The current market sentiment towards the zkSync price is positive. The relative strength index (RSI) is 57.721, indicating upward momentum.
The coin’s nearest resistance is $0.386, and the next target is $0.586. Moreover, Coincodex predicts that the coin may reach $0.521414 in the next month.
In addition, zkSync's elastic chain is a ZK rolling network that continuously expands as needed, ensuring scalability and security. The upgrade of zkSync 3.0 focuses on seamless interoperability between chains, reducing costs and improving user experience.
The platform is showing good performance, with prices rising and showing bullish sentiment. The RSI indicator shows upward momentum, and the resistance levels indicate potential price targets.
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