The crypto summer has arrived as the market experiences its biggest wave of activity in a while. On one hand, Solana and Cardano are struggling against significant downward pressure as their prices follow a downward trend. On the other hand, Bitgert Coin has caught the attention of market analysts following its recent surge!

Cardano

The price of Cardano has been grappling with downward pressure since the beginning of the new year. One of the primary reasons for Cardano's descent is the spread of FUD (Fear, Uncertainty, and Doubt) within the Cardano ecosystem.

Recent news about Cardano shows a clear loss of confidence from Cardano's whale investors. Cardano whale transactions have plummeted from $23 billion to $17.4 billion in less than a week (between March 15, 2024, and March 20, 2024). Additionally, at the end of February 2024, there was a massive sell-off of Cardano, with Cardano holders selling nearly 220 million Cardano tokens after seeing the crypto experience a slowdown. Their next move was to stake Cardano tokens in exchange for other cryptocurrencies.

Furthermore, the price of Cardano has undergone a massive correction cycle since mid-December 2023. This downward trend pushed Cardano's price downwards and back up again. Particularly in recent weeks, Cardano has exhibited a double-top trend, where the Cardano crypto recorded two successive peak values within a similar price range, indicating a bearish reversal dynamic.

Solana

Solana's price performance has been disappointing over the past seven days, especially as Solana (SOL) recorded a 6.93% decrease. Furthermore, the crypto could experience further declines in the coming days. One of the main reasons identified by experts for Solana's decline is the crash of Solana tokens, JITO, WIF, and JUP. Solana news as of March 22, 2024, respectively shows a 9.43% decrease, 7.93% decrease, and 8.51% decrease for these Solana cryptos. The joint decline of the tokens led to Solana's decline, with an 8.45% decrease in the last 24 hours.

Moreover, Solana's slowdown is further fueled by its airdrop distribution where Solana tokens are distributed among investors based on the completion of their tasks. This has been a disappointing race for investors, whose expectations rely heavily on these Solana tokens. Finally, at the end of February 2024, Solana once again witnessed a symbolic liquidation of approximately $10 million, with Solana investors selling Solana tokens worth over $200 million.

Bitgert Coin

While Solana and Cardano continue to experience rapid declines, Bitgert has recently recorded exponential growth. From maintaining a steady growth pace while the bearish trend was present in the market to the excellent coin growth momentum over the past month, experts believe that the 66.90% increase could be just a glimpse of the better price performance awaiting savvy investors who buy Bitgert early. The main motivations that will positively inspire Bitgert's price are its upcoming halving season, listing on Binance Futures Next, and Bitgert's launch on one of Europe's major trading platforms.

Disclaimer: Not financial advice. Do your own research. Consult advisor. Accuracy not guaranteed.