As the crypto market continues to evolve, Cardano’s dominance is being tested by emerging competitors. Both investors and enthusiasts are keeping a close eye on the market, anticipating the next significant breakthrough.
Among the sea of altcoins, Toncoin (TON), Near Protocol (NEAR), and DTX Exchange (DTX) hold the potential to surpass Cardano in 2024.
Experts suggest DTX could be the next 100x coin and investors are flocking to DTX presale in droves. On the other hand, TON and NEAR have shown remarkable resilience, drawing investor interest daily.
Meanwhile, analysts predict the prices of TON and NEAR will increase by 228% and 240.5% by the end of July.
Cardano (ADA) Fails to Perform Amid Chain Update
Cardano (ADA) recently unveiled a significant update known as ‘docker-cardano-cli v8.24.0.0-1,’ developed by Blinken Labs. This release reinforces Cardano’s position as a leading player in blockchain technology, evident from its extensive GitHub commits.
For quite some time, Cardano has stood out for its robust development activity on GitHub. With this latest upgrade, Blinken Labs has further enhanced Cardano’s Stake Pool operations.
Although ADA investors expected significant price growth after this upgrade, that’s not the case. ADA has dipped by 0.11% and 37.5% in the last 7 days and 1 month, respectively.
TON’s Performance Surpasses ADA
Toncoin (TON) has recently exhibited remarkable momentum, signaling its growth potential.
TON Society’s strategic collaboration with HumanCode to verify digital identities using palm-scanning technology has been a major catalyst. By prioritizing privacy-conscious methods, TON aims to secure interactions within its ecosystem.
Over the past month, TON has experienced a meteoric rise, surging by 17.75%. In contrast, ADA dipped by 15.16% during the same period. Additionally, analysts predict TON will experience a further 228% price growth by the end of July.
Technological Advancements Draw Investors to NEAR
NEAR Protocol has been making significant strides in its technology. With features like sharding and fast consensus mechanisms, NEAR aims to enhance scalability and transaction speed. In contrast, Cardano, while robust, has delays in implementing key upgrades.
NEAR boasts an active and growing developer community. Their commitment to building decentralized applications (dApps) on NEAR’s platform could drive adoption. Cardano, although well-regarded, needs to foster a more vibrant ecosystem.
Additionally, NEAR has forged partnerships with other projects, including Ardana, which aims to bridge ADA and NEAR. NEAR Protocol’s technological prowess, community engagement, focus on DeFi/NFTs, and strategic alliances position it as a formidable contender against Cardano in 2024.
Why Choose DTX Exchange?
DTX Exchange (DTX) is drawing investor interest due to its features and strong presale performance.
The platform offers over 100 popular tradable assets with low fees and zero slippage. Moreover, DTX Exchange combines the best of traditional finance (TradFi) and decentralized finance (DeFi) to enhance user experience.
Unlike most exchanges, DTX Exchange users can perform brokerage-like actions on the blockchain. This flexibility has positioned its native token — DTX — favorably among current cryptocurrency options.
