Advertisement
AD

Main navigation

Advertisement
AD
Advertisement

Dogecoin, Shiba Inu and Even Cardano Can Rally in 2025, Here's Why

Advertisement
Tue, 5/11/2024 - 9:53
Dogecoin, Shiba Inu and Even Cardano Can Rally in 2025, Here's Why
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

At around 80%, the current dominance levels of Bitcoin (BTC) Ethereum (ETH) Tether (USDT) and USD Coin (USDC) on the cryptocurrency market suggest that the landscape may be changing. The market may see a reversal following one final push to this resistance level before the year ends, as the dominance of these core assets has historically peaked at about 82%. 

Advertisement

Dominance may start to wane in 2025, which would allow altcoins to gain momentum and rally - especially Dogecoin, Shiba Inu and Cardano. Since they control a significant amount of market capital, Bitcoin and Ethereum have frequently eclipsed smaller altcoins. But when this dominance wanes, money tends to shift to other cryptocurrencies, causing what many call altcoin season.

Article image
Source: Benjamin Cowen

This trend may be particularly advantageous for well-known altcoins with substantial user bases and support from the community. In the past, both Dogecoin and Shiba Inu have seen robust community-driven rallies, which were frequently boosted by social media and celebrity endorsements. Following a recent decline, DOGE indicates the possibility of a recovery, particularly if investor sentiment shifts toward risk-taking as BTC dominance declines.

Related
 

Advertisement

Similarly, if money starts to pour into meme-based and community tokens, SHIB's network of supporters and ecosystem advancements may spark a comeback. However Cardano's emphasis on scalable blockchain solutions and sustainable development positions it as a formidable rival. ADA has been stabilizing at these levels, and as more DeFi projects and smart contracts are implemented on its network, a move away from the dominance of BTC and ETH may provide Cardano with the impetus it needs to surpass its recent range. 

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD