Ethereum buyers are on a rampage, pushing ETH past $3,400 earlier today.
But all eyes are now on Cardano, with some experts spotting similar patterns in ADA’s price action.
In the middle of all this, a market newcomer – Crypto All-Stars – has just blasted through $5 million in ICO funding ahead of its upcoming DEX listing.
Ethereum Silences Critics with Sharp 12% Price Rally
It’s been a great few days for ETH holders.
The token’s surge has silenced the critics who spent weeks mocking its sluggish performance.
In the past 24 hours alone, the second-largest crypto by market cap shot up 12%, wiping out the losses from earlier this week.
But the real story lies in the market activity.
Spot trading volumes have rocketed 47% to $51.7 billion, while open interest has smashed through previous records to hit $14 billion.
Not bad for an asset many on crypto Twitter said was “dead.”
This sudden reversal has caught most traders off guard.
While Bitcoin and various altcoins (like Solana) have been posting huge gains in November, Ethereum’s price movements were relatively neutral.
Now, the tables have turned, and momentum is building behind ETH.
Some traders even believe there will be a run at 2021’s all-time high before the end of the year.
Is Cardano Next? ADA Shows Signs of Following ETH’s Breakout
With Ethereum rallying, some experts are also focusing on another top altcoin: Cardano.
ADA has quietly become one of the market’s top performers, surging 168% since the start of November.
The token now sits around $0.861.
However, some big names believe ADA could be about to soar even higher.
Dan Gambardello speculated that ADA will hit $1 soon, which would be the first time since May 2022.
But that might be thinking small.
URGENT: Cardano to $6? (Situation Explained) pic.twitter.com/lO9aD7Daor
— Max Maher (@Maxwell_Maher) November 21, 2024
Popular crypto analyst Max Meher recently tweeted a video discussing the possibility of ADA hitting $6 – a move that would mean nearly 600% gains from current levels.
Sure, ADA is still 72% below its all-time high, but that’s precisely what has experts like Gambardello and Meher excited.
While Ethereum has almost reclaimed old territory, Cardano’s recovery seems to be just starting.
The similarities to ETH’s pattern before its breakout haven’t gone unnoticed.
And ADA holders are hopeful their patience might finally pay off.
Crypto All-Stars Smashes $5M ICO Milestone as Investors Prepare for First Exchange Listing
Ethereum and Cardano aren’t the only coins posting gains.
Some investors are also keeping tabs on market newcomers, like Crypto All-Stars.
This project just passed the $5 million mark in its ICO, benefiting from all the excitement around its MemeVault platform.
Plus, the team dropped some huge news last night – the ICO will end in 28 days.
I’m Seeing Stars!
Crypto All-Stars just crossed the 5M mark and the fun’s not stopping anytime soon at the All-Star house!
Don’t miss out join the party! You can grab your share of the presale here: https://t.co/8IZTKBdAp2 pic.twitter.com/iDoVXWTP6A
— Crypto All-Stars (@all_stars_coin) November 22, 2024
This means early investors have one last chance to grab STARS tokens for $0.0015997 each before the anticipated DEX listing.
According to Crypto All-Stars’ whitepaper, the team has set aside 10% of the supply for liquidity.
Another 20% will be used for ongoing marketing.
However, it’s the MemeVault that’s catching most people’s attention since it allows meme coin investors to stake their coins and earn STARS tokens in return.
Crypto YouTuber ClayBro, who has over 131,000 subscribers, is hyped about this setup.
He thinks it’s a great way to capitalize on the meme coin supercycle.
With the ICO clock now counting down and an open market debut on the horizon, investors are betting Crypto All-Stars might be about to explode.
It seems the STARS launch could be perfectly timed with the current market momentum.
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