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The crypto market has been topsy-turvy in the last couple of days. Bitcoin and Ethereum have seen resistance at $28,000 and $1,900 price levels, respectively, following on-chain issues and broader macro events.
Meanwhile, the peer-reviewed proof-of-stake (PoS) protocol Cardano seems geared to capitalize on the older blockchain weaknesses.
Could this be the season for the popular Ethereum killer altcoin? Its recent push to the Voltaire era seems to have raised interest again in the Cardano blockchain.
Given this, on-chain and investor activities have spiked up, and so has its native token price.
While Cardano might be the pivotal point for many investors, a new crypto project is generating buzz in the emerging market.
Using artificial intelligence (AI) and other powerful algorithms, AiDoge holds strong upside potential, and several investors are piling in.
ADA Making Bullish Strides in a Volatile Climate
In the past seven days, the crypto market has been hard-hit. Following an April high of $1.25 trillion market valuation, the emerging market has since slipped from its apex to $1.14 trillion and is maintaining a stronghold in this valuation.
Cryptocurrencies like Bitcoin led the previous charge, but macroeconomic events have since led to the major digital asset slipping to the $27,000 price range.
Cardano (ADA) has also struggled but seems to be picking up steam. At press time, the Ethereum killer is trading at $0.377, posting an increase of 2.71% in the past day.
$ADA’s weekly performance is also in the green zone, with a gain of 1.84% in the last seven days.
However, the 30 days performance is not so robust as the token has slipped 13.36%. So has its 90 days position as it has slipped 2.92%.
Nonetheless, its 180-day price has increased by 15.37%, while the year-to-date (YTD) price surged by 53.01%.
While $ADA’s price performance has been mixed, its technical exposition has remained consistent. The token’s 50-day smooth moving average (SMA) price of $0.39 shows that it is currently bearish in the short time.
However, its 200-day SMA price of $0.35 shows that it still enjoys bullish sentiment in the long term.
The digital asset’s relative strength index (RSI) of 50.83 shows that it is still seriously underbought, making now an ideal opportunity to buy $ADA and rise with the market.
Looking at its moving average convergence and divergence, ADA is in the neutral zone as both blue and red trendlines are in the same wavelength.
However, it could flip to buy or sell depending on the continued trajectory of the fungible token.
Voltaire Era Begins
Since its debut in 2016, Cardano (ADA) has continued to shell out major blockchain updates on its protocol scientifically.
Instead of rushing to the market, the peer-reviewed blockchain has meticulously built its roadmap to address the blockchain trilemma of decentralization, security, and scalability in one fell swoop.
One such is the current development of the Voltaire era. This roadmap is expected to introduce the era of decentralized governance, which will enable the protocol to be permissionless and censorship-resistant.
Voltaire has many investors excited, with many seeing this as a big step toward realizing the hugely-anticipated third generation of blockchain networks.
https://twitter.com/conraddit/status/1658227002220900352
Markedly, the Cardano (ADA) blockchain has been at the forefront of making a social and global impact.
Recently, the peer-reviewed blockchain partnered with Switzerland’s UN Refugee Agency.
#Cardano+#UNHCR UN Refugee Agency+@TURF_NFT+@nmkr_io+@hoskytoken walk into a bar…. it's not a #Web3 joke, it's the start of a beautiful friendship 🌻 ➡️ANNOUNCEMENTS⬅️ from the @Cardano_CF partnership with @UNHCR_CH_Innov + join the party! 🎉https://t.co/bSNf5CrOP3
— Phuffy.Lovelace (@Lido_Phuffy) May 15, 2023
While $ADA is an established project with a significant upside potential due to its low price, another crypto debutant is turning heads with its contextually relevant solution.
AiDoge: Meme for the Internet
If one thing has heralded the post-pandemic world, it is the rise in popularity of meme stocks and meme coins.
Struggling companies like Nokia and Blackberry enjoyed explosive growth following a concerted retail investor effort to buy their stocks to fight back against short sellers.
The meme frenzy has spilled over into the crypto space, and now meme coins are a fashionable trend.
However, one thing that has been missing all along is a meme generator. Now, an AI-powered meme generator is turning heads in the crypto space.
Introducing AiDoge, an artificial intelligence and blockchain solution that helps users generate up-to-date and contextually-relevant memes in real time.
This innovative platform allows users to rely on text prompts to generate these memes. What is even more appealing is that the best memes are publicly placed on a wall feed where users can vote on them.
⚠️ Don't let time slip through your paws!
The #AiDoge presale is selling out fast! You guys are absolutely amazing! 🔥
Join the #AI revolution now and secure your bag of $AI tokens before it's too late! 🚀💰
👉https://t.co/5j5tt4smcs#Memecoin $PEPE $FLOKI $SPONGE $XRP $ELON pic.twitter.com/io2ZvvSy9d
— aidogecrypto (@aidogecrypto) May 18, 2023
The best meme artists are then rewarded with the $AI token which powers the project.
$AI token has been one of the outliers in a brazenly intense crypto climate. The ERC-20 token has raised well over $9.1 million in less than two months since its debut.
The meme generator’s popularity has seen it vying for a Bybit spot in the current ongoing vote-to-list contest.
🤩 Vote to list Meme Tokens on #Bybit Spot!
Simply deposit and vote from May 18, 2023, 8AM UTC to May 22, 2023, 8AM UTC.
The tokens are $AIDOGE, $CAPO, $MONG, $TURBO, $WOJAK and $SPONGE.
👉🏻 Learn more here: https://t.co/pgwhcllCNV#TheCryptoArk pic.twitter.com/k2Td9rSWZ3
— Bybit (@Bybit_Official) May 17, 2023
Given that it is currently going for $0.0000308 for 1 $AI token, investors could make more than 10x their investment once it lists on a centralized trading platform.
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