The value of Cardano (ADA) registered a modest surge of 1% to reach $0.260110 within the last 24 hours, amidst a tepid market performance. This marginal growth pushes Cardano to be the ninth-leading player the cryptocurrency market based on capitalization. Observing its week-by-week trend, ADA has shown an encouraging 6% growth, and around 1% increase in the past month. Since the onset of this year, ADA’s growth is marked at 5.5%.
This uptick appears promising even as the market hints towards a long-term recovery. Stellar fundamentals of Cardano present an optimistic outlook for its future embarking on more potential gains. Furthermore, relevant indicators argue that ADA is undervalued, hinting at a possible run towards an overdue recovery rally.
The lack of specific fundamental reasons for ADA’s price climb begs the acknowledgment of Cardano’s growth as a first layer blockchain network, implying that a surge in ADA’s value is an event waiting to happen.
Additonally, Cardano’s total value locked (TVL) escalated by a whopping 220% since this year’s beginning. It’s evident that the TVL surge outshines ADA’s gains during the same period, pointing towards an increase in Cardano’s usage. More bright spots are seen in 144 projects working on Cardano’s platform along with 1,287 projects brewing in the pipeline.
Irrespective of Cardano’s steady growth, it’s gaining momentum and is believed to be nearing a pivotal mass which could potentially amplify its adoption and usage rates, thereby elevating ADA’s value concurrently. Looking ahead, ADA could possibly hit $0.30 in the fortnight and advance further to $0.40 by this year end.
This doesn’t negate the fact that ADA’s evolution has been gradual, hence investors in search of faster gains might need to explore other options. One such pathway leads to presale tokens, having delivered high returns this year with Wall Street Memes (WSM) spearheading the trend to emerge as the 260th contender in the crypto market.
Among the intriguing presales in view currently is TG.Casino (TGC), a decentralized casino platform integrating online gaming and gambling with social networking. TGC has successfully garnered more than $400,000 in a short span since its launch, indicating investors taking a keen interest in this burgeoning entity.
TG.Casino ventures beyond its counterparts by establishing a strong foothold on Telegram, leveraging its pre-existing communities to grow its userbase. This strategic move posits TG.Casino well ahead of its competition. Its native token, TGC will be up for staking with a hard cap of 100 million. Investment incentives include 20% stake rewards, 10% gaming rewards and more.
As the presale draws to a close, the TGC token will list on exchanges, potentially heading to be another highflier in 2023. Visit TG.Casino today and don’t miss out on the potential to rake in gains. However, bear in mind that crypto-assets come with their own set of high risks and could mean loss of capital.
Source: Cryptonews
