Cardano (ADA) and Solana (SOL) prices dip amid a broader crypto market pullback, offering potential buying opportunities. Meanwhile, new player Bitcoin Minetrix (BTCMTX) defies the trend, raising $3.9 million in its presale, aiming to revolutionize cloud crypto mining.
Cardano (ADA) and Solana (SOL) face a downturn, with ADA sliding 7% from its weekend high and SOL dropping 8%. Profit-taking seems a likely cause for the pullback, as both altcoins had seen significant gains.
ADA’s recent surge, fueled by market sentiment, places it in the top 10 cryptocurrencies. Despite the dip, it’s still up 48% for the year, offering potential gains for long-term investors. SOL’s 19% fall from its Saturday peak might be linked to profit-taking amid a lack of updates on a potential BTC ETF, causing investors to liquidate positions.
In contrast, Bitcoin Minetrix (BTCMTX) is on an upward trajectory, raising an impressive $3.9 million in its presale. The project aims to reshape cloud crypto mining by allowing users to stake tokens for non-transferable mining credits, garnering significant investor interest.
