Cardano price has fallen by double digits this year, mirroring other altcoins. This performance may soon change amid rumors that Cardano is collaborating with Binance to list its native assets. That would be a big deal as Binance has millions of customers globally. We explore some of the best Cardano coins that could explode higher.
Best Cardano Coins That Could Surge Ahead of Binance Partnership
Cardano, one of the biggest layer-1 blockchains, has a relatively weaker ecosystem than its top competitors like Ethereum and Solana. Some of the top Cardano coins that may explode higher ahead of the potential Binance partnership are Minswap (MIN), Indigo Protocol (INDY), and Snek (SNEK)
Minswap (MIN)
Minswap is one of the top Cardano coins that may bounce back and surge after the partnership. It is a notable player in the ecosystem since it is the biggest decentralized exchange (DEX). As such, it could achieve a similar growth like BSC’s PancakeSwap, Solana’s Raydium, and Ethereum’s Uniswap.
Minswap has a total value locked (TVL) of $82.65 million and handled over $20.5 million in volume in the last 30 days. According to DeFi Llama, it has handled volume worth $3.37 billion since its inception. Therefore, a sudden boom of the Cardano ecosystem may push the MIN price much higher.
Indigo Protocol (INDY)
Indigo Protocol or INDY is another top Cardano coin to buy ahead of the Binance partnership. It is a blockchain project in one of the biggest subsectors in the crypto industry: Real World Asset tokenization. It has built a technology that lets developers to tokenize all assets.
Assets created in its platform have accumulated a total value locked of over $60 million. Some of these assets include those that track cryptocurrencies like Ethereum and Solana and currencies like the US dollar. INDY price may eventually surge like Mantra, another RWA asset that has soared since 2024.
Snek (SNEK)
Meme coins have been some of the best-performing assets in the crypto industry in the past few years. For example, Solana meme coins have helped to mint many millionaires. Snek, the biggest meme coin in the Cardano ecosystem, maybe a top beneficiary when the Binance partnership happens.
The key catalyst for the Snek price is that it has formed a falling wedge and a bullish flag chart patterns. A wedge happens when there are two converging trendlines, while a flag has a vertical line and a rectangle-like formation. A strong rebound could push it to its all-time high of $0.0094, up by 105% from the current level.
Snek Price
The implication of Binance Deal With Cardano
A partnership between Cardano and Binance would be a big deal, and would help to boost the value of ADA. It would add to other potential Cardano catalysts like a potential ADA ETF, Hoskinson VIP meeting, and BitcoinOS integration.
Please note: Cardano tokens are fairly small and could experience substantial volatility. Trade with caution.
The post These 3 Cardano Coins Could Explode Ahead of Potential Binance Partnership appeared first on CoinGape.
