and Ethereum? Cardano, Polkadot, Kasuma, Ethereum: Who Will Take the Crypto Throne?

Published:

Everybody Enjoy higher returns with Love! While Investors who are serious about investing focus on the fundamentals.

Over Three months ago, Cardano (ADA) is showing a positive trend of growth, rebounding from lower levels to provide decent returns. Polkadot (DOT), has experienced sideways movements, Kasuma KSM’s performance has been poor with massive price declines.

In terms of usage cases, Cardano provides a scalable, secure platform for decentralized applications (dApps), smart contracts and other digital assets. Polkadot has the feature of interoperability which allows for the interoperability of blockchains.

Which one should you pick among Cardano, Polkadot and Kasuma? Before investing in these coins, read this blog.

Cardano Price Returns: Should You Invest What is the ADA?

Over Three months ago, Cardano showed a pattern of lower lows and higher highs indicating a mixed direction. Starting from a lowest price of $0.3 in March, it reached a maximum of $0.45. This is quite impressive.

Currently, technical indicators show a bearish sign. However, Cardano (ADA), which has shown resilience and strength in recent months, has recovered from lower levels. This presents a potential investment opportunity. Although the technical indicators are indicating caution, the recent rebound from lower levels may be seen as positive. This shows that Cardano has the ability to overcome market pressures and regain its momentum.

When evaluating an investment, you should also consider the project’s fundamentals. Cardano focuses on security, scalability and reliability, which makes it so popular. There are many ongoing improvements and developments in the pipeline. The potential for growth and adoption is high. Its strong ecosystem, and the commitment to research-driven solution sets it apart.

Polkadot Price Returns: Should You Consider DOT?

In the last 3 months, the price of DOT was mostly flat, indicating that the upward trend has not been significant. The price range fluctuated from a low of $5 to a high of $7.7. Currently, the price of Polkadot is approximately $5.36.

Most technical indicators are currently negative, indicating a correction of the price movement. If the price continues in a downward direction, then the next support might be around $4.

Kasuma Price Returns: Should You Invest What is KSM?

KSM has experienced a price fluctuation in the last 3 months. The high was $41.66 before falling to $25. This is a 35% price drop.

From mid-February to mid-April, the market sentiment was extremely bearish for KSM, as its price trended downward. Later, the price began trading sideways, showing a mixed trend on the KSM market.

Currently, the price is around $25.6, which is significantly less than its recent high. Moreover, technical indicators are bearish.

Cardano v/s Polakadot v/s Kasuma: Which Altcoin is Best?

In terms of return in the last 3 months (March-May, 2023), Cardano showed a price change from $0.3 up to $0.44 resulting in a return of 40%. For Polkadot, the price action varied from $7.66 up to $5.3, which is a loss of about 30%. Kasuma was the most volatile and bearish in the past three months.

Cardano and Polkadot are more established projects, with a larger market capitalization and a robust development team. Kasuma is relatively unknown and therefore carries higher risks. Before investing in cryptocurrency, you should take into account all technical and fundamental aspects.

Conclusion

After considering all the technical pricing actions and fundamental usage cases, we believe this space has the potential to grow and provide decent returns. Check out our Cardano price prediction to learn more about it. However, do your independent research and think about your risk tolerance before you make any investment related decisions.

Related articles

Recent articles