Cardano

2024

Bitcoin

Avalanche

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-q1-performance-and-predictions-for-avax-and-ada/" data-wpel-link="internal">Bitcoin and Altcoins: Q1 Performance and Predictions for AVAX and ADA</a> 
We are at the end of the third month of the year, and in a few hours, the first quarter will be over. 2024 started well. In March, <a href="https://coin-turk.com/ag-gostergeleri-bitcoin-cok-guclu" data-wpel-link="internal">Bitcoin</a> reached a new all-time high, and altcoins achieved significant gains. However, as the month comes to a close, we see that a significant portion of these gains has been erased. So, what are the predictions for AVAX and <a href="https://coin-turk.com/cardano-ada-fiyat-analizi-altcoinde-belirsizlik-hakim" data-wpel-link="internal">ADA</a> Coin? 
<h2 style="text-align: justify" id="avalanche-avax">Avalanche (AVAX)</h2> 
The AVAX price has fallen to $52.5 in the last 24 hours and is now hovering around the $50 mark. The Long/Short ratio in futures trading was 0.95, indicating that the average sentiment is bearish. AVAX’s CVD data confirms the dominance of investors expecting a downturn, while the 20 EMA (blue) and 50 EMA (yellow) were at the same point. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-335196 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/avax-yorum.png" alt="" width="1296" height="343"> 
The total value locked in the network continues to linger at $1.15 billion. The lack of interest in the <a href="https://en.coin-turk.com/the-avalanche-project-avax-continues-to-rise-despite-market-volatility/" data-wpel-link="internal">Avalanche</a> network (compared to its competitors) explains the weak price performance. We saw TVL increase exponentially with Solana’s price, but here the recovery is very modest. Considering the peak of $11.4 billion at the end of 2021, it could be said that the network is still in a bear market atmosphere. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-335197 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/AVAX-TVL.png" alt="" width="1261" height="508"> 
Efforts in the RWA space may positively affect medium and long-term performance, but the current outlook for AVAX is not very positive. Excessive selling is likely if the $50 region is lost. However, due to the halving in April, a significant loss in <a href="https://en.coin-turk.com/bitcoin-gains-new-support-from-prominent-figures/" data-wpel-link="internal">BTC</a> price is not expected, so the worst-case scenario may not occur. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-335198 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/AVAX-Fiyat-tahmin-30-mart.png" alt="" width="915" height="587"> 
<h2 style="text-align: justify" id="ada-coin-prediction">ADA Coin Prediction</h2> 
Despite taking significant steps at the end of 2021 to gain smart contract capabilities, <a href="https://en.coin-turk.com/understanding-the-decline-of-cardano-ada/" data-wpel-link="internal">Cardano</a> has not produced as many compelling protocols as expected. Its market value is still strong and among the largest altcoins, which causes price increases to remain moderate. We also cannot talk about a massive rally since the end of 2023. 
<img loading="lazy" decoding="async" loading="lazy" class="wp-image-335199 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/ADAUSDT_2024-03-30_05-30-13.png" alt="" width="1201" height="554"> 
The price, which peaked just above 30% of the parallel channel resistance in December, is now just above the $0.64 resistance. It has tested $0.62 as support several times, but as seen from the long lower wicks, bulls have stepped in at the right time. 
A continuation of the period of shallow volatility compared to bull markets is likely. This means it could remain stuck between $0.62 and $0.68. In an optimistic scenario, the $0.72 and $0.76 ranges could be tested, followed by $0.8. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-q1-performance-and-predictions-for-avax-and-ada/" data-wpel-link="internal">Bitcoin and Altcoins: Q1 Performance and Predictions for AVAX and ADA</a></h5>

Bitcoin and Altcoins: Q1 Performance and Predictions for AVAX and ADA

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