Cardano

Lido DAO

Avalanche

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The digital currency ecosystem is exhibiting one of its most volatile sessions in months, and among the top altcoins around, Cardano (ADA), Avalanche (AVAX) and Lido DAO (LDO) deserve some special attention. The reasons for this submission are not dependent on their current price outlook but rather on some other key&nbsp;<a href="https://app.intotheblock.com/coin/AVAX/deep-dive?group=financials&amp;chart=inAndOut" rel="noopener noreferrer nofollow">on-chain metrics</a> and the fundamental prospects of the projects.
To start with, Cardano is currently down by 5.07% to $0.3719, Avalanche has retracted its steps and is down 6.59% to $22.06, while Lido DAO is down by 11.32% to $2.16. Despite this downturn, Data from IntoTheBlock shows that the number of wallets in profit for each of these altcoins has improved dramatically.
Most shocking of the trio is Cardano and Avalanche, both of which&nbsp;<a href="https://u.today/cardano-ada-may-need-urgent-restructuring-if-this-happens" rel="noopener noreferrer nofollow">recorded</a> a slump that&nbsp;<a href="https://u.today/avalanche-avax-profitability-hits-99-low-possible-remedies" rel="noopener noreferrer nofollow">sparked concern</a> a few months back. Cardano's addresses in losses as of Oct. 10 was 94%, but this figure has fallen in the space of a month, with only 62.5% now holding below their entry points.
Avalanche's profitability also soared from 99% of its addresses in loss as of Aug. 23 this year to only 26% in loss, per current IntoTheBlock data. Lido DAO is the most attractive of the trio, as over 53% of its&nbsp;<a href="https://app.intotheblock.com/coin/LDO/deep-dive?group=financials&amp;chart=inAndOut" rel="noopener noreferrer nofollow">addresses</a> are currently in profit at the moment.
<h2 id="fundamentals-and-community-boost">Fundamentals and community boost</h2>
One underlying factor that underscores the bond between these three altcoins is that they all offer a revolutionary business proposition.&nbsp;
While Cardano is a formidable Layer-1 protocol with new innovations like Midnight, Avalanche made headlines for&nbsp;<a href="https://u.today/avalanche-avax-up-17-on-rare-jpmorgan-embrace-details" rel="noopener noreferrer nofollow">featuring</a> in a JPMorgan experiment, a massive endorsement that drove its sentiment higher. Lido has&nbsp;<a href="https://u.today/lido-dao-ldo-unveils-growth-metrics-post-shapella-upgrade-details" rel="noopener noreferrer nofollow">advanced its influence</a> as a liquid staking platform, offering investors a flexible means to capitalize on the growing decentralized finance (DeFi) ecosystem.
The last factor that sets these altcoins apart is their dedicated community. If not for the loyalty displayed, the recovery in profitability as seen in ADA and AVAX would not have been possible.

3 Reasons Why ADA, AVAX, LDO Deserve Special Attention

Table of Contents

U_Today

Other articles published on Nov 17, 2023

Crypto trial: The SEC, an Eternal Loser? Ripple’s Lawyer Weighs In

How Web3 Companies Are Filling the Void Left by WeWork’s Bankruptcy

WaveDancer and Firefly Neuroscience Announce Merger to Advance BNA Platform for Mental Health Dia...

Polygon Gas Fees Spike 1000% Amid Ordinals-inspired Token Craze

On-Chain Company CryptoQuant Explained the Reason for the Latest Rise in Crypto!

Sen. Elizabeth Warren highlights risks of crypto scams targeting senior investors

Join our free newsletter for daily crypto updates!