Cardano's 78% Crash: Comeback Ahead or Just an Illusion?

Cardano Faces Challenges Amid Market Volatility

Cardano (ADA) has experienced significant market turbulence, with its price dropping by 10.21% to $0.6575, marking the largest single-day percentage loss since March 9, according to Krypto Magazin. The cryptocurrency is now 78.78% below its all-time high of $3.10, reached on September 2, 2021. Over the past week, Cardano's value has declined by 21.54%, trading within a range of $0.6554 to $1.0177. The market capitalization of Cardano has also fallen to $23.6991 billion, representing 0.93% of the total cryptocurrency market capitalization. For more details, visit Krypto Magazin at https://www.krypto-magazin.de/cardano-stuerzt-ab-10-verlust-und-78-unter-allzeithoch-wohin-geht-die-reise/.

Despite these challenges, there are signs of potential recovery. CryptoMonday highlights that the number of active Cardano addresses has risen to 555,000, the highest level since February 15. This increase may indicate accumulation by investors. Additionally, the possibility of an ADA ETF approval could act as a catalyst for price growth, potentially driving the price to $1.326, an 82% increase. However, the network's weak activity and competition from other blockchains like Sei Crypto, which has surpassed Cardano in Total Value Locked (TVL), remain concerns. More information is available on CryptoMonday.

Ripples RPLS Expands to Solana Amid Solana's Revenue Decline

Ripples RPLS, a token based on the XRP Ledger, is expanding its ecosystem by integrating with the Solana blockchain. This move aims to enhance the token's reach and create new trading opportunities. Since its launch on October 24, 2024, RPLS has developed a growing ecosystem that includes NFTs, gaming, and digital experiences. The integration with Solana is expected to further bolster these initiatives, with a portion of the revenue supporting the broader RPLS ecosystem, as reported by Krypto Magazin. For more details, visit https://www.krypto-magazin.de/ripples-rpls-startet-auf-solana-neue-aera-fuer-gaming-und-nfts/.

Meanwhile, Solana has faced a significant revenue decline. According to Cointelegraph Deutschland, weekly revenue dropped from $55.3 million during the peak of the memecoin hype in January 2025 to just $4 million recently, a 93% decrease. The Total Value Locked (TVL) on Solana's blockchain has also halved, falling from over $12 billion in January to $6.4 billion. This decline is attributed to the waning interest in memecoin trading, which previously accounted for 80% of Solana's revenue. The current price of Solana (SOL) stands at approximately $122, a 58% drop from its all-time high.

Dogecoin Faces Decline Amid Growing Competition

Dogecoin (DOGE) has seen substantial losses, with its price falling by 8% in the last 24 hours and 37% over the past month, according to FinanzNachrichten.de. The current price of DOGE is $0.1571, a level last seen in November 2024. The overall market capitalization of meme coins has dropped by 5% in the last 24 hours to $44 billion, down from nearly $100 billion at the start of 2025. Scandals like the LIBRA token rug pull, which caused $251 million in losses for small investors, have further eroded trust in meme coins. For more information, visit https://www.finanznachrichten.de/nachrichten-2025-03/64782505-krypto-news-dogecoin-stuerzt-ab-ist-das-der-langsame-tod-der-meme-coins-303.htm.

Despite the bearish trend, BeInNews Academy notes that Dogecoin shows signs of potential recovery. A bullish divergence in the RSI on the daily chart suggests a possible upward movement, with Fibonacci resistance levels at $0.2724 and $0.355. However, the short-term trend remains bearish, with a death cross forming on the 4-hour chart. The 200-week EMA at $0.1359 could provide support. For further analysis, visit https://de.beincrypto.com/dogecoin-kurs-bricht-baerisch-aus-formt-aber-bullische-divergenz/.

Bitcoin's Volatility Sparks Debate

Bitcoin has experienced a sharp decline, falling from a high of over $109,000 on January 30 to approximately $80,000, as reported by t-online. Analysts like Adrian Fritz from 21Shares view this correction as a necessary market adjustment to reduce speculative elements. However, investor disappointment persists, particularly due to the lack of concrete measures from the U.S. government's strategic Bitcoin reserve initiative. The recent crypto summit at the White House also failed to deliver the expected outcomes. For more details, visit https://www.t-online.de/finanzen/aktuelles/kryptowaehrung/id_100630786/bitcoin-krise-kryptowaehrung-noch-zu-retten-.html.

In a significant development, the Deutsche Börse will allow institutional investors to trade Bitcoin and Ethereum starting in April. This initiative, facilitated by its subsidiaries Clearstream and Crypto Finance, aims to provide custody and settlement services for cryptocurrencies. Jens Hachmeister, head of new digital markets at Clearstream, emphasized the importance of this step in digitizing financial markets. The move is supported by the EU's MiCA regulation, which provides a clear regulatory framework. For more information, visit Telepolis at https://www.telepolis.de/features/Deutsche-Boerse-steigt-bei-Bitcoin-und-Ethereum-ein-10312099.html.

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