Cardano is a delegated Proof of Stake blockchain (dPoS), that supports smart contracts similar to Ethereum. The marketing of this project propagates a scientific approach. The development under Charles Hoskinson is rather slow, with multiple deadlines already pushed forward. On the other hand, the Basho update should be coming soon, around Q2-Q3 of 2022. This update is highly anticipated by investors, and should have a positive impact on the valuation of the Cardano project.

Since September 2021, Cardano has been on a downtrend. This happened as soon as ADA price reached its all-time high price of $3. The price adjustment was expected to happen. However, in November 2021, the entire crypto market crashed, bringing ADA prices further down. When Cardano price dropped lower than the psychological price of $1, traders and investors rushed to buy Cardano. This made prices jump by more than 50% within 2 weeks! Following this price surge, a correction is very normal to happen.

Since we are in the midst of the crypto adjustment, and since ADA prices just soared 50%, it is a good idea to wait before buying. If we closely look at figure 2 below, the Fibonacci retracement points out to the 50% retracement level, which coincides with the psychological price of $1.

We are currently very close to the $1 zone. Traders and investors can choose to open positions around that area depending on their risk tolerance, as price might revert upwards from the current price. A sensible stop-loss would be right below the $1 price area. It is always good to have wide stop-losses to hedge heavy market fluctuations.

Cardano price $2 is an inevitable thing when the crypto market rallies back and goes into a renewed uptrend. On the other hand, we need to focus on the current market dynamics.

The market is adjusting lower today, especially Cardano after a 50% price increase. With the current price being right above $1, this represents the perfect opportunity to place a buy order and definitely a stop-loss. We can currently confirm that prices are back on their uptrend once the price of $1.2 breaks, as currently this is a strong resistance area. In figure 3, we can clearly see how ADA price got rejected several times. Once this level is broken higher, the next target would be the $1.5 price.

With the new bullrun in sight, there are new opportunities to achieve high returns in the crypto market. In recent months, the so-called "Ethereum killers" have proven to be extremely good investment opportunities. What is the status of these cryptocurrencies and what does their future look like? Let's find out 😉

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We've talked a lot about Cardano in the past few weeks. The ADA token made a strong jump in price even before the big Bitcoin rally a few weeks ago. This was due to the announcement of the details of the new major update at Cardano - Basho. Basho is the next big step in the development of the Cardano blockchain.

Basho increases the scalability of the blockchain. Cardano should thus achieve an unprecedented transaction speed of up to 100,000 transactions per second. Overall, the efficiency of smart contracts and the blockchain in general increases massively. Cardano could actually become a serious Ethereum competitor and a true Ethereum killer in 2022.

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Solana was the fourth quarter's shooting star in the crypto market. The SOL token has made a massive ascent in recent months, even outperforming Cardano’s ADA token. Above all, the high speeds of up to 10,000 transactions per second made Solana so popular and made the blockchain an "Ethereum killer".

Now is an ideal time to jump into these Ethereum killers. Buy these cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

Despite the successes on the market, the Solana network is repeatedly plagued by problems. Thanks to the proof-of-history consensus mechanism, the blockchain can process transactions super fast. But there are always problems with network overload. The network has crashed again in the past few days. Solana needs to address these issues to stay relevant in 2022.

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The third “Ethereum killer” that also hit screens at the end of the year is Avalanche. This network also stood out due to its high transaction speeds and high scalability. The AVAX token made it into the top 10 cryptocurrencies in the last few weeks of 2021. 

In the last few weeks, Avalanche has been a little out of breath. While the number of applications running on smart contracts increased overall, the total locked value (TLV) fell by an overall 20% in January. Avalanche has to prove itself as an "Ethereum killer" in the face of strong competition in the coming months.

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