- The crypto Twitter user predicted that ADA will outperform DOGE, BTC and ETH in the next bull cycle.
- He also shared his beliefs that ETH will outperform BTC and that DOGE will beat ETH.
- At press time, BTC, ETH, ADA and DOGE were all down in the past 24 hours.
The crypto Twitter user SlumDOGE Millionaire shared his predictions for Ethereum (ETH), Bitcoin (BTC), Dogecoin (DOGE) and Cardano (ADA) in a tweet yesterday. In his post, the user shared his belief that ETH will outperform BTC in the next bull run. In addition to this, he forecasted that DOGE will outperform ETH in the next bull run as well.
More interestingly, the Twitter user predicted that ADA will outperform BTC, ETH and DOGE in the next bull run. This prediction comes after the Ethereum-killer was labeled as a security in the SEC’s lawsuits against Binance and Coinbase – causing the altcoin’s price to plummet.
This drastic drop in ADA’s price could potentially open up an opportunity for massive gains. This may be why the Twitter user thinks that ADA will outperform BTC, ETH and DOGE in the next bull cycle.
In the past 24 hours, however, ADA’s price performance was the worst of the 4 according to CoinMarketCap. At press time, the crypto’s price was down 3.37% and stood at $0.2872 as a result. Meanwhile, the market leaders BTC and ETH were only down 1.91% and 1.70% respectively during this period.
DOGE also experienced a 24-hour loss but was only down 2.72%. As a result, the popular meme coin was changing hands at $0.06577 at press time.
From a technical perspective, ADA was trading between the 9-day and 20-day EMA lines at press time. This is after it declined between 9 June 2023 and 15 June 2023, which resulted in the altcoin’s price dropping below the key support level at $0.2752 and towards the next support level at $0.2504. ADA’s price has been able to recover somewhat in the days that followed.
Should ADA’s price close a daily candle above the 20-day EMA line within the next 48 hours, it may attempt to flip the resistance level at $0.3170 into support. On the other hand, a drop back below the $0.2752 will put ADA at risk of falling back down to $0.2504.
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