Token

Cardano

Solana

Bitcoin ETF

Crypto prices have been bullish in the past 24 hours, with Solana (SOL) and Cardano (ADA) faring as the strongest among the top 10 coins. 
Solana and Cardano are up 9.95% and 9.01%, respectively. 
Meanwhile, a new project, Bitcoin ETF Token (BTCETF), has raised over $850,000 in the ongoing presale. 
<h2 class="wp-block-heading" id="strong-alternative-layer-1-narrative-heats-up-bolsters-solana-and-cardano-strong">Alternative layer-1 narrative heats up, bolsters Solana and Cardano</h2> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/qioeXpoQumH-j5Sg8lEf1MrQcIg7qNiJnocmVlHLTbmT8UACh_Uk5mzZygC-LQJbBVkvihSH32uytNGxA4IcYi7xCuoT8gGb06VZAVxRpFR3f33QIMOCrruKedkwuOA_lovbBOGqWncYAXSjKtbhG5TYo7a_JYqW0cpKT52-a7jeu7pyitwgQZOOA_3ozw" alt="Cardano, Solana, and new altcoin surge as market turns bullish - 19">
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Interest in Solana and Cardano has been increasing due to the rising gas fees on Ethereum. It is a source of since on-chain activity is still far from where it will be at the peak of the last bull run. 
This indicates that even higher fees might be coming, making the network unaffordable for most users. As a result, many are looking for alternative layer-1 or layer-2 platforms. 
Bobby Apelrod recently <a href="https://twitter.com/tofushit888/status/1722654026779759034?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1722654026779759034%7Ctwgr%5Efb4c51a9ddaa30027234b11e50ab76f7fdea7e63%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fethereum-bitcoin-gas-fee-surge-reignite-scalability-debate" target="_blank" rel="noopener">posted</a> about Solana’s benefits, highlighting its relatively low fees versus Ethereum. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/Mq9dBNHPXZu90kmLfQ8FsoMKss3NyZObtapCntPzd3adp1ry054tm3gJHaQiWmwV71LVvXhYRxPFZA9NZaSyPL9Tl3tLsfPU7WhzyKoGKn90h9tQ434T6ekZssXJyOHgWM83TBYDOEQ2az9WekwPSxPAjn3swyTgdTZaER8YXGe6dVUQ-YA-u1650h-JiQ" alt="Cardano, Solana, and new altcoin surge as market turns bullish - 20">
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Meanwhile, Alex Becker <a href="https://x.com/ZssBecker/status/1724507009792246235?s=20" target="_blank">backs</a> Solana, Cardano, and Avalanche as better alternatives to Ethereum since they can execute transactions for “less than a cent.” 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/jAGF7J0CyOSf5mKNp_iS8NKFXighm0d89qd_-MlF3c_wU2rs6Xy8Xpr5Ae_ZwUprnTzKwuBQmMuosHds0s0meNQCvfzJwW7G-K-MSYBKJ0MXb4wvlVNDoNnnPLUNiJ2KSvEYaydpzmuX6PX3trzinuS8WxR5B0WUZeASzXvCPFpj5-ONgSm9qxzeI7DPTA" alt="Cardano, Solana, and new altcoin surge as market turns bullish - 21">
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However, analyst Dan Gambardello recently <a href="https://x.com/cryptorecruitr/status/1724913662689714526?s=20" target="_blank">pointed out</a> that Cardano may outperform <a href="https://crypto.news/solana-reaches-18-month-highs-amid-dominating-short-positions/" data-type="post" data-id="14216391">Solana</a> because its total value locked (TVL) is rising. Additionally, it could be set to undergo its “first decentralized finance (defi) bull run.” 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/ZH7hK7OILkROzka3pXgXEiy2QHzOP1xljGbERm7vOK46FnPezu8aTbmLUz3ZFSGTJHwFjYLXq8BrjpkJJCFYVRkScyDRHoRk0WE91D3ZXShB5pQr5ts0jXteIPEgnsjV2bw0FY_KciL1HtH_HJT7QF5vqa7ou9T1mZ1CNrLdclBc4BAiHw9JuiCMzvnJ_Q" alt="Cardano, Solana, and new altcoin surge as market turns bullish - 22">
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Looking at the price charts, TradingView analyst <a href="https://www.tradingview.com/chart/SOLUSD.P/gl0wlsQZ-SOL-USDT-Bearish/" target="_blank" rel="noopener">K_M_N</a> predicts Solana to pullback in the near term due to a 1-hour chart RSI divergence, loss of momentum at a resistance level, and being “far away” from the 200-day moving average and VWAP. From his analysis, SOL may retrace to $58. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/K22z1YqiLQDqNvJxCEkc8t__e6gHUX6CyWBnqlEXc5__YjQh7-kDutj7O_XdigRZoATlR-6etmoz1zssWp5eNfTUJAYAEnYUIzExRPljGxF2ZZi2qSoJRh52C8eB_Z1hvyB_5POk0RMcm8hSWOxIDmIMyvjue92as7waa_8Vt_EUcIKeoPY1JvKj9kDMjA" alt="Cardano, Solana, and new altcoin surge as market turns bullish - 23">
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However, analysts are more bullish on Cardano, likely due to Solana’s recent surge. Subsequently, market participants expect liquidity to cycle into other coins. 
 You might also like: <a href="https://crypto.news/solana-reaches-18-month-highs-amid-dominating-short-positions/"> Solana reaches 18-month highs amid dominating short positions </a> 
<a href="https://www.tradingview.com/chart/ADAUSDT/58ccUasp-ADAUSD-1W/" target="_blank" rel="noopener">Arongroups</a> recently noted a descending triangle breakout for Cardano, which is considerably bullish and acts as a trend-reversal indicator. In his assessment, Cardano could climb to $0.7 in the coming months. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/acmsIhvtGfMKQbR8gbAZKI91Sa2kpvawVr4V3RkUksyiwpKNv4ScOcr96YapxGzS-B-lUHNW_yGbk_Epyf-VwWnlV4l9H0fDxct3aTh9Y5sVZE0zLAzlPbhaEEf4zm-KUF-BshvQppv5tb26ivtL9ytEp0NtJv5rvgXP4DpTG3SzURvSQumQV7YUjBQ3PA" alt="Cardano, Solana, and new altcoin surge as market turns bullish - 24">
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The analyst picked out immediate support at $0.3, which Cardano may retest before rallying. 
Regardless of these coins’ short- and mid-term price movements, Bitcoin ETF Token (BTCETF) could likely surge, leveraging the positive sentiment in the crypto market. 
<h2 class="wp-block-heading" id="strong-bitcoin-etf-token-is-deflationary-raises-850k-in-presale-strong">Bitcoin ETF Token is deflationary, raises $850K in presale</h2> 
<a href="https://bs_9694e08f.crypto-news.care/?referrer=cardano-and-solana-prices-pump-over-9-amid-bullish-market-as-this-new-altcoin-also-surges" target="_blank" rel="noopener">BTCETF</a> is an ERC-20 token that aims to benefit from the expected spot Bitcoin ETF approval in the U.S. 
The token is deflationary and has a 5% transaction burn to reduce its circulating supply. 
Furthermore, the team plans to burn an additional 5% of the total BTCETF supply each time a significant ETF milestone is achieved, such as the Securities and Exchange Commission (<a href="https://crypto.news/sec-postpones-hashdexs-spot-bitcoin-etf-application/" data-type="post" data-id="14216057">SEC</a>) officially approving any of these derivatives. 
 You might also like: <a href="https://crypto.news/blackrock-applies-for-spot-ethereum-etf/"> BlackRock applies for spot Ethereum ETF </a> 
BTCETF also features a staking protocol where investors can lock up their tokens and earn <a href="https://btcetftoken.com/en/dashboard" target="_blank" rel="noopener">rewards</a>. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/MtS1NKHVZcI6k7dfJPzHHh4HbDglWEUuI34u8iepX4BdjeztVns4ZM0dXkkHnskphIFCEup_SRyHWGY9BRWOcsW2sutllPcxOwrKe4OWxS7_i-kXXwFGuLBmxdCfTa3K3ipk1t3cE_v62tbqh2QoNW7agIIJLflV61Scp9lpvEKzqKl8f6PVZDgFeamI2w" alt="Cardano, Solana, and new altcoin surge as market turns bullish - 25">
</figure> 
In the ongoing presale, BTCETF is available for $0.0054. Over $850,000 has been raised. 
Due to its deflationary structure and early success in the presale phase, several crypto influencers have taken notice, with Austin Hilton recently endorsing BTCETF in a YouTube video. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/IBNt6bNTnSeb3RSZXMyYXuxz14z-tS11B34vGP1pU8QT35pfdg-dWkTaMhJLvl3ynkvzdsiKqWNTajmDcqxZVt_EDBHZUz1Fwz5iLhNfn9_SWTiqk6dTz4kJTTBA_ik6SGld1lecoCE7duMWNnDDP1RBrjmqMXg6r2eSlrNWAM3HD3_OG_4V5F3-MLnz5g" alt="Cardano, Solana, and new altcoin surge as market turns bullish - 26">
</figure> 
With the presale, momentum could surge as the potential launch of a spot Bitcoin ETF continues to be the market’s main topic of discussion. 
<a href="https://bs_9694e08f.crypto-news.care/?referrer=cardano-and-solana-prices-pump-over-9-amid-bullish-market-as-this-new-altcoin-also-surges" target="_blank" rel="noopener">Visit the Bitcoin ETF Token presale</a> 
 Read more: <a href="https://crypto.news/2-days-before-bitcoin-etf-approval-window-closes-this-altcoin-aims-to-capitalize-on-cryptos-optimism/"> 2 days before Bitcoin ETF approval window closes; this altcoin aims to capitalize on crypto’s optimism&nbsp; </a> 
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Cardano, Solana, and new altcoin surge as market turns bullish

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