Cardano (ADA) broke past the $0.40 resistance level, showing strong bullish momentum. However, many are wondering if it can reclaim its 2021 heights. One technical outlook seems to favor NEAR Protocol to rally alongside one new altcoin.
Cardano: Is a 2021-Like Rally Possible?
Cardano (ADA) has been one of the most reliable coins in the market, mainly due to its focus on scalability and dApps development. 2021 saw ADA’s price rise more than $3.00, which increased adoption and DeFi expansion on its operating chain.
Nonetheless, ADA has faced some difficulties over the past year. But with America getting a new president, the crypto market experienced a big boom.
Monthly Cardano Chart | CoinMarketCap
Cardano blew past the $0.6 resistance level, currently changing hands above $0.62. Such upward movement may indicate that ADA is preparing for another run towards clearing the 2021 highs, but the way to reach these levels remains unclear, particularly given growing macroeconomic headwinds and new market conditions. This has prompted investors to look for alternatives, and they have found one positive technical indicator in Near Protocol.
NEAR Protocol: A Rising Star with Bullish Technical Indicators
NEAR Protocol is the home of a developers’ oriented ecosystem that has experienced significant growth recently. NEAR has recorded a steady upward trend in the recent week, crossing major barriers and gaining investors’ attention.
Weekly Near Protocol Chart | CoinMarketCap
Increasing over 30% in the last 7 days, Near Protocol is pushing to the $5 resistance level. Looking at the charts, NEAR is showing bullish signs, and some experts give it the edge over Cardano.
Recently, news broke that Near Protocol is partnering with Modern Lion and Hyundai Card.
Source: prnewswire
As Modern Lion is set to launch Ticketing services and KONKRIT using the Near Protocol, the collaboration with Korean markets has reflected positively on the price of NEAR.
IntelMarkets (INTL): Capturing Investor Interest Amid Cardano and NEAR Trends
IntelMarkets (INTL) is a project on the rise with a different agenda. Applying AI and blockchain to the $36 billion crypto trading arena, IntelMarkets’ platform has set its sights on giving retail traders the competitive edges they need to succeed.
By incorporating self-learning trading robots and high-speed transactions, IntelMarkets targets investors in the crypto space who would like to be involved in the latest technology. This innovative trading application promises to revolutionize the way that users trade cryptocurrency individuals who may have little to no knowledge on how to do it on their own.
Having raised more than $2,000,000 from early investors, it has caught the eye of many top traders. Now in its presale, INTL tokens are currently priced at $0.045, making it an affordable entry for those investors who like to catch a project early, before it is too late.
According to analysts, IntelMarkets has the potential of 2021 Cardano-like gains, with some projections placing it to increase 12-15x times.
Conclusion: The Next Cardano
As the broader market shows bullish tendencies, NEAR Protocol is showing stronger potential than Cardano. But if you are looking for the next Cardano, more and more investors are turning to IntelMarkets. With potential 15x on your investment, the INTL presale is the next big thing in crypto.
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