Following Bitcoin’s move over the $97K value, the Cardano price has also pumped. Although marginal (only 3% over the last 24 hours), this increase has been the result of constant updates, as well as the recent bi-weekly digest from the Cardano community.
Hey Cardano Community,
The bi-weekly Community Digest has just been released.
This edition covers:
@buidler_fest #2 confirmed for Da Nang, Vietnam
@amw7 breaks down the treasury tax rate proposal
@IntersectMBO draft budget proposals now open for community feedback… pic.twitter.com/0fg1VCLVa9
— Cardano Community (@Cardano) February 17, 2025
Since the market is still gasping under the grips of volatility, investors are better off picking other altcoins that could provide even higher gains.
Cardano Price Jumps 3% Since Yesterday
Latest chart shows that Cardano price has surged by a minor 3% since the last 24 hours. Currently trading around the $0.78 level, the altcoin’s current market cap is higher than $27 billion. However, there has been a double-digit decline in the crypto’s trading volume, which could indicate significant hope for ADA to jump higher.
Source: TradingView
This may not come to pass, however, as the ADA price‘s recent two green candles are not long. And to retest 2024’s highs, Cardano has to move up by at least 75%. Considering Cardano is a high-cap token, expecting this level of parabolic price action is unwise.
3 Cryptos To Capitalize On Cardano Price’s Latest Surge
Snek (SNEK)
While Cardano price surges, Snek is the OG meme coin on the Cardano blockchain. Known for its unique snake-based themes, it is the largest token on the Cardano ecosystem in trading volume due to its status as a meme coin.
Source: CoinMarketCap
While it presents a meme-centric project, Snek has created a large ecosystem with multiple products. There is Snek.fun, which is a token launchpad; with SNEKx, users get a token minter; SNEKbot gives users a telegram trading bot; SNEKalerts is an alert bot on X; and Kaa is a Snek-based AI infrastructure platform.
Due to the virtual appeal of its mascot, Snek has also ventured into the energy-drink industry through the Snek Energy drink.
Although this bouquet of use cases is big, Snek has made more of an impression on people through its memes. Since its launch in early 2023, it has moved up by more than 60,000%.
The token’s recent price action, however, has been less than optimal, considering it has dipped by more than 17% since last month.
That being said, Snek has a habit of bouncing back and doing it in a big way, which means the current intraday lows present a good “buying the dip” opportunity for SNEK.
BTC BULL (BTCBULL)
Cathie Wood of ARK Invest and Samson Mow of JAN3 are a few of the experts that firmly believe that the day will come when Bitcoin will become a million dollar asset. BTC Bull is a meme coin project that has formed an entire community around it.
Source: BTC BULL
The meme coin not only follows sort-of similar tokenomics as Bitcoin, with its total supply of 21 billion mirroring Bitcoin’s supply of 21 million, it has set milestones that will allow investors to capitalize on the upcoming bull cycle.
This comes from BTC Bull’s milestones, which revolve around burning the tokens and organizing BTC giveaways every time the world’s biggest crypto jumps by $25K. And when Bitcoin reaches the $250K mark, BTC Bull will organize a BTCBULL token giveaway.
While Cardano price remains bullish, BTC Bull can gain from the current positive sentiment around Bitcoin, and the way milestones have been designed will incentivize winners of the BTC airdrop to keep hold of their Bitcoins to capitalize on the bull market.
Available on presale and raising over $2.4 million to date, the BTC Bull token can be bought at a discount price of just $0.00237. If the project goes live during the bull market, a 10x, or even a 100x jump is a possibility for this token.
Chainlink (LINK)
Chainlink is a utility crypto and the second-biggest Cardano ecosystem token. Currently trading around the $18 level, Chainlink has a market cap of over $11.55 billion. This crypto has also seen a reduction in trading volume by 31%, indicating investors’ interest in keeping hold of their assets.
Source: CoinMarketCap
Following the tracks of Cardano price, in the last 24 hours, there has been an uptick in the LINK price of a minor 1%. This pump could have been the result of SiloFinance and MONAD adopting Chainlink’s standard, and the addition of a multi-model AI strategy to remove AI hallucinations and make the usage of artificial intelligence more optimal for the finance sector.
As the Cardano price increases, Chainlink may be the first swept up by that bullish momentum to move up in value. However, because the ecosystem is focused so much on utility, the gain won’t be parabolic.
Conclusion
Cardano price surged 3% to $0.78, sparking interest in altcoins like Snek, BTC Bull, and Chainlink. While Cardano faces resistance, these altcoins present unique opportunities. With innovative ecosystems and bullish sentiment, they could deliver significant returns if the market momentum continues, offering investors new ways to capitalize on crypto gains.
The post These 3 Cryptos Can Let you Ride the Wave of the Recent Cardano Price Pump appeared first on CoinGape.
