Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

The President Lee van Zuid -Korea reveals why Crypto is a ‘national growth motor’

2025-06-05

XRPL is confronted

2025-06-05

Bitcoin Reserve gets military kink, Senator predicts explosive increase of 10 years

2025-06-05
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    SFT protocol works together with Manuspay to stimulate the Echt-Wold Depin Utility in Web3 payments

    2025-06-05

    New Solana -Tool repairs the KYC bottleneck

    2025-06-05

    Consensys acquires Web3Auth to reinvent Metamask onboarding

    2025-06-04

    CEO Shakeup at Morph, Bitget’s Layer-2 project

    2025-06-04

    World launches at home Iris Scanning in Argentina

    2025-06-04
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    US-based ETFs that set for growth, despite some regulatory, macro-tailwinds

    2025-06-04

    NYSE ARCA submits to mention Truth Social’s Spot Bitcoin ETF

    2025-06-03

    Donald Trump Jr. says that family came in crypto after he was degraded, realizing the financial system was ‘Pyramid Scheme’

    2025-06-03

    Dubai Crypto ambitions rise with Solana and Ripple Moves

    2025-06-03

    ‘Revenge Tax’ hidden in President Trump’s account could activate the Capital War, Deutsche Bank warns: Report

    2025-06-02
  • Analysis

    XRPL is confronted

    2025-06-05

    Analyst says that the Solana-based memecoin institution phase for ‘full parabola’ predicts new of all time for one active

    2025-06-05

    Bitcoin price slips again, which activates new fears for a deeper correction

    2025-06-05

    Circle has been set to exceed the IPO expectations after the overwhelming question of investors

    2025-06-04

    The largest grant debuts from Russia BlackRock’s Ishares Bitcoin Futures ETF for trade

    2025-06-04
  • Learn

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Cardano, Solana, Under Heat, Data Points to Trouble for Altcoins
Altcoins

Cardano, Solana, Under Heat, Data Points to Trouble for Altcoins

2023-10-13No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bulls pushed back, temporarily halting the mounting selling pressure impacting Cardano, Solana and Ethereum. The altcoin market has stabilized over the past day, but new data points to potential short-term problems.

At the time of writing, Cardano (ADA) is trading at $0.23 with sideways moves over the past day. Solana and Ethereum recorded similar price action during this period, but these assets have slowly faded into support on the weekly chart.

Cardano price ADA ADAUSDT
ADA price trends are downward on the daily chart. Source: ADAUSDT on Tradingview

Cardano, Solana and Altcoins could be affected

Facts shared by the co-founders of crypto analytics firm Glassnode via social media platform The benchmark has been slowly moving lower, but found some support yesterday and could be poised to regain previously lost ground.

The metric measures the percentage of the total crypto market capitalization made up of Bitcoin. Furthermore, when BTC.D reaches a certain point, it often leads to bull or bear markets for mini altcoins.

The metric could point to further losses for Cardano, Solana and other tokens in the current scenario. Glassnode co-founders stated:

It’s not just ETH feeling the heat; other major altcoins such as Solana, Cardano, Dogecoin, Tron, Polkadot and Polygon are also deep in the red. As Bitcoin’s dominance has surged past 51% and inched closer to its 2021 peak, altcoins are indeed feeling the pressure. To see the revival of the highly anticipated Altcoins season, a significant recovery will be essential.

As seen in the chart below, the Bitcoin Altcoin Cycle chart is moving closer to a ‘Bitcoin Season’ as indicated by the blue line. As Bitcoin Dominance moves up towards the 50% area, altcoins are likely to continue experiencing losses in the near future.

See also  Crypto Trader Says Avalanche (AVAX) Will Rise by Double Digits, Updates Outlook on Solana (SOL)
Cardano ADA ADAUSDT Solana SOL SOL SOLUSDT
BTC.D is entering strong levels, but there is potential for a reversal, which could benefit altcoins. Source: Glassnode via X

However, the Bitcoin Altcoin Cycle chart shows that BTC.D is in a critical zone. The metric has returned to Altcoin Season Territory in the past.

In particular, Cardano, Solana, XRP, Ethereum and other altcoins saw a substantial rally in July. If Bitcoin cannot produce a catalyst, something that can push it above the 50% dominant zone, then Altcoins can make some gains.

Ethereum could potentially be the key to propelling altcoins into a hot season. About the price action of this cryptocurrency, the co-founder of Glassnode said declared:

From the weekly resistance at $1,744, ETH has tumbled, down 8% in just two weeks, landing at $1,574. Although the price appears to be consolidating, the upward slope of the RSI suggests that buyers are competing for higher levels. But if sellers resisted this advance, they would (…).

Cover image from Unsplash, chart from Tradingview



Source link

Altcoins Cardano Data heat points Solana Trouble
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The President Lee van Zuid -Korea reveals why Crypto is a ‘national growth motor’

2025-06-05

Why crypto market down today? Whale sale causes panic

2025-06-05

New Solana -Tool repairs the KYC bottleneck

2025-06-05

Can BNB break new highlights? 2 factors suggest a strong advantage

2025-06-05
Add A Comment

Comments are closed.

Top Posts

How do you make NFT degeneracy look stylish? Similar…

2023-10-05

Xhashtag.ai partners with Solana to empower AI with truth and good power

2025-01-16

Tron’s number of daily active users reached 2.5 million: this is what it means for TRX prices

2024-06-28
Editors Picks

A disruptor taking the Blockchain industry by storm

2024-02-26

Bitkub Chain Unveils Roadmap to Lead Thailand’s Blockchain Ecosystem

2023-11-12

Solana’s 14% price drop, prediction and how to profit from the dip

2023-12-11

Anza obliges Solana to scale up to 1 million transactions per second

2025-03-06

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

The President Lee van Zuid -Korea reveals why Crypto is a ‘national growth motor’

XRPL is confronted

Bitcoin Reserve gets military kink, Senator predicts explosive increase of 10 years

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,602.88-1.12%
  • ethereumEthereum(ETH)$2,591.66-1.77%
  • tetherTether USDt(USDT)$1.00-0.04%
  • rippleXRP(XRP)$2.20-2.69%
  • binancecoinBNB(BNB)$666.09-0.59%
  • solanaSolana(SOL)$151.88-3.17%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.188246-3.78%
  • tronTRON(TRX)$0.2725120.11%
  • cardanoCardano(ADA)$0.68-2.93%
  • hyperliquidHyperliquid(HYPE)$34.63-5.61%
  • suiSui(SUI)$3.14-2.73%
  • chainlinkChainlink(LINK)$13.67-4.65%
  • avalanche-2Avalanche(AVAX)$20.06-5.68%
  • unus-sed-leoUNUS SED LEO(LEO)$9.031.48%
  • stellarStellar(XLM)$0.265327-3.50%
  • the-open-networkToncoin(TON)$3.220.98%
  • bitcoin-cashBitcoin Cash(BCH)$397.75-2.94%
  • shiba-inuShiba Inu(SHIB)$0.000013-2.46%
  • hedera-hashgraphHedera(HBAR)$0.166241-3.50%
  • litecoinLitecoin(LTC)$87.30-3.93%
  • polkadotPolkadot(DOT)$4.00-3.91%
  • moneroMonero(XMR)$333.32-3.69%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • bitget-tokenBitget Token(BGB)$4.62-4.35%
  • daiDai(DAI)$1.00-0.02%
  • pepePepe(PEPE)$0.000012-6.83%
  • piPi(PI)$0.64-2.49%
  • aaveAave(AAVE)$260.43-4.29%
  • uniswapUniswap(UNI)$6.23-8.71%
  • bittensorBittensor(TAO)$369.74-6.39%
  • crypto-com-chainCronos(CRO)$0.101688-1.51%
  • okbOKB(OKB)$50.150.07%
  • aptosAptos(APT)$4.76-3.80%
  • nearNEAR Protocol(NEAR)$2.44-3.65%
  • internet-computerInternet Computer(ICP)$5.11-5.66%
  • ethereum-classicEthereum Classic(ETC)$17.11-3.13%
  • ondo-financeOndo(ONDO)$0.82-4.21%
  • gatechain-tokenGateToken(GT)$18.76-2.75%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.212776-2.19%
  • mantleMantle(MNT)$0.66-4.21%
  • kaspaKaspa(KAS)$0.083739-5.14%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • official-trumpOFFICIAL TRUMP(TRUMP)$10.69-4.70%
  • vechainVeChain(VET)$0.023720-4.18%
  • render-tokenRender(RENDER)$3.75-5.57%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.80-2.98%
  • ethenaEthena(ENA)$0.308343-8.51%
  • worldcoin-wldWorldcoin(WLD)$1.11-5.44%
  • arbitrumArbitrum(ARB)$0.351632-3.20%
  • bitcoinBitcoin(BTC)$104,602.88-1.12%
  • ethereumEthereum(ETH)$2,591.66-1.77%
  • tetherTether USDt(USDT)$1.00-0.04%
  • rippleXRP(XRP)$2.20-2.69%
  • binancecoinBNB(BNB)$666.09-0.59%
  • solanaSolana(SOL)$151.88-3.17%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.188246-3.78%
  • tronTRON(TRX)$0.2725120.11%
  • cardanoCardano(ADA)$0.68-2.93%
  • hyperliquidHyperliquid(HYPE)$34.63-5.61%
  • suiSui(SUI)$3.14-2.73%
  • chainlinkChainlink(LINK)$13.67-4.65%
  • avalanche-2Avalanche(AVAX)$20.06-5.68%
  • unus-sed-leoUNUS SED LEO(LEO)$9.031.48%
  • stellarStellar(XLM)$0.265327-3.50%
  • the-open-networkToncoin(TON)$3.220.98%
  • bitcoin-cashBitcoin Cash(BCH)$397.75-2.94%
  • shiba-inuShiba Inu(SHIB)$0.000013-2.46%
  • hedera-hashgraphHedera(HBAR)$0.166241-3.50%
  • litecoinLitecoin(LTC)$87.30-3.93%
  • polkadotPolkadot(DOT)$4.00-3.91%
  • moneroMonero(XMR)$333.32-3.69%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • bitget-tokenBitget Token(BGB)$4.62-4.35%
  • daiDai(DAI)$1.00-0.02%
  • pepePepe(PEPE)$0.000012-6.83%
  • piPi(PI)$0.64-2.49%
  • aaveAave(AAVE)$260.43-4.29%
  • uniswapUniswap(UNI)$6.23-8.71%
  • bittensorBittensor(TAO)$369.74-6.39%
  • crypto-com-chainCronos(CRO)$0.101688-1.51%
  • okbOKB(OKB)$50.150.07%
  • aptosAptos(APT)$4.76-3.80%
  • nearNEAR Protocol(NEAR)$2.44-3.65%
  • internet-computerInternet Computer(ICP)$5.11-5.66%
  • ethereum-classicEthereum Classic(ETC)$17.11-3.13%
  • ondo-financeOndo(ONDO)$0.82-4.21%
  • gatechain-tokenGateToken(GT)$18.76-2.75%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.212776-2.19%
  • mantleMantle(MNT)$0.66-4.21%
  • kaspaKaspa(KAS)$0.083739-5.14%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • official-trumpOFFICIAL TRUMP(TRUMP)$10.69-4.70%
  • vechainVeChain(VET)$0.023720-4.18%
  • render-tokenRender(RENDER)$3.75-5.57%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.80-2.98%
  • ethenaEthena(ENA)$0.308343-8.51%
  • worldcoin-wldWorldcoin(WLD)$1.11-5.44%
  • arbitrumArbitrum(ARB)$0.351632-3.20%