Dogecoin

Cardano

TRON

Cardano coin has been an underperforming asset so far in 2024, registering a 38.8% year-to-end (YTD) loss. While the ADA price shows no signs of bottoming, Sei (SEI), TRON (TRX), and Dogecoin (DOGE) are crypto that could show a notable potential for a major reversal&nbsp;&nbsp; 
<h2 id="span-style-font-weight-400-3-cryptos-to-outperform-as-cardano-may-plunge-in-september-span">3 Cryptos to Outperform as Cardano May Plunge in September&nbsp;</h2> 
According to the Cryptorank data, the <a href="https://coingape.com/price-predictions/dogecoin-doge-price-prediction/">Cardano price</a> has shown a negative trend in September since the year 2018. The chart below shows an average return of -12.5%, while the median return of 14.8%, highlighting a high possibility for prolonged correction in September. 
<figure id="attachment_214314" aria-describedby="caption-attachment-214314" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-214314" src="https://coingape.com/wp-content/uploads/2024/08/image_2024-08-27_22-53-51.png" alt="Cardano Monthly Returns " width="1326" height="576" srcset="https://coingape.com/wp-content/uploads/2024/08/image_2024-08-27_22-53-51.png 1326w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-27_22-53-51-300x130.png 300w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-27_22-53-51-1224x532.png 1224w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-27_22-53-51-768x334.png 768w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-27_22-53-51-150x65.png 150w" sizes="(max-width: 1326px) 100vw, 1326px">
 <figcaption id="caption-attachment-214314" class="wp-caption-text">
 Cardano Monthly Returns | Cryptorank
 </figcaption>
</figure> 
<h2 id="span-style-font-weight-400-sei-sei-span">Sei (SEI)</h2> 
Bucking the market uncertainty, the <a href="https://coingape.com/price/sei-price/">SUI price</a> bounced from $0.26 to $0.309, registering a 19% decline in three weeks. Consecutively, the market cap jumped to $2.1 Billion. 
Among the Cardano alternatives, the SEI open interest in the futures market showed a notable surge from $23.91M to $56.97M, registering a 138% growth 
<figure id="attachment_214315" aria-describedby="caption-attachment-214315" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-214315 size-full" src="https://coingape.com/wp-content/uploads/2024/08/image_2024-08-27_21-42-19.png" alt="Cardano Rival | SEI" width="1520" height="355" srcset="https://coingape.com/wp-content/uploads/2024/08/image_2024-08-27_21-42-19.png 1520w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-27_21-42-19-300x70.png 300w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-27_21-42-19-1224x286.png 1224w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-27_21-42-19-768x179.png 768w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-27_21-42-19-150x35.png 150w" sizes="(max-width: 1520px) 100vw, 1520px">
 <figcaption id="caption-attachment-214315" class="wp-caption-text">
 SEI open interest | Intotheblock
 </figcaption>
</figure> 
<h2 id="span-style-font-weight-400-tron-trx-span">TRON (TRX)</h2> 
TRON, a decentralized blockchain platform, has increasingly captured investor interest following the <a href="https://coingape.com/justin-sun-tron-raises-energy-cap-amid-meme-coin-mania-trx-price-shoots-5/">launch of SunPump</a>, a new platform for minting new meme coins. This development has fueled a recovery in TRX price, pushing it to a high of $0.17 on Friday before slightly receding to $0.158. 
This bullish trend also boosted its market capitalization to $14.1 billion, positioning TRON as the tenth-largest cryptocurrency while Cardano plunged to the twelfth position. 
According to Intotheblock data, the Total Address holding TRX has projected continuous growth since August 2020, recently hitting a high of $100.8 Million Addresses. This growth implies that more individuals and entities are investing in or using TRX, which could enhance the liquidity and stability of the cryptocurrency. 
<figure id="attachment_214316" aria-describedby="caption-attachment-214316" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-214316" src="https://coingape.com/wp-content/uploads/2024/08/image_2024-08-26_18-23-07-1.png" alt="TRON" width="1573" height="413" srcset="https://coingape.com/wp-content/uploads/2024/08/image_2024-08-26_18-23-07-1.png 1573w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-26_18-23-07-1-300x79.png 300w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-26_18-23-07-1-1224x321.png 1224w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-26_18-23-07-1-768x202.png 768w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-26_18-23-07-1-1536x403.png 1536w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-26_18-23-07-1-150x39.png 150w" sizes="(max-width: 1573px) 100vw, 1573px">
 <figcaption id="caption-attachment-214316" class="wp-caption-text">
 Addresses with Balance | Intotheblock
 </figcaption>
</figure> 
This trend is a positive indicator of investor confidence and could drive the potential target of <a href="https://coingape.com/price-predictions/tron-trx-price-prediction/">TRON price prediction</a> beyond $0.3. 
<h2 id="span-style-font-weight-400-dogecoin-doge-span">Dogecoin (DOGE)</h2> 
Dogecoin, the largest&nbsp;<a href="https://coingape.com/meme-coin/" target="_blank" rel="noopener">meme coin</a> by market cap, has notably shrunk from $0.1231 to $0.099 in August, registering an 18.68% drop. The downtrend pushed the asset’s market cap uplift to $14.4 billion, its price to test the 26-month support at $0.06. 
Despite the downward trend, the addresses holding 10 million to 100 million coins are accumulating through the correction trend. The Onchain metric is stabilizing at 18.75 billion DOGE coins, according to Santiment data. This holding pattern accentuates the large investors’ interest in this asset, solidifying Dogecoin’s long-term prospect.&nbsp; 
<figure id="attachment_214317" aria-describedby="caption-attachment-214317" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-214317" src="https://coingape.com/wp-content/uploads/2024/08/Dogecoin-DOGE-22.39.57-27-Aug-2024.png" alt="DOGE Supply Distribution" width="3840" height="1300" srcset="https://coingape.com/wp-content/uploads/2024/08/Dogecoin-DOGE-22.39.57-27-Aug-2024.png 3840w, https://coingape.com/wp-content/uploads/2024/08/Dogecoin-DOGE-22.39.57-27-Aug-2024-300x102.png 300w, https://coingape.com/wp-content/uploads/2024/08/Dogecoin-DOGE-22.39.57-27-Aug-2024-1224x414.png 1224w, https://coingape.com/wp-content/uploads/2024/08/Dogecoin-DOGE-22.39.57-27-Aug-2024-768x260.png 768w, https://coingape.com/wp-content/uploads/2024/08/Dogecoin-DOGE-22.39.57-27-Aug-2024-1536x520.png 1536w, https://coingape.com/wp-content/uploads/2024/08/Dogecoin-DOGE-22.39.57-27-Aug-2024-2048x693.png 2048w, https://coingape.com/wp-content/uploads/2024/08/Dogecoin-DOGE-22.39.57-27-Aug-2024-150x51.png 150w" sizes="(max-width: 3840px) 100vw, 3840px">
 <figcaption id="caption-attachment-214317" class="wp-caption-text">
 DOGE Supply Distribution | Santiment
 </figcaption>
</figure> 
With sustained buying, <a href="https://coingape.com/price-predictions/dogecoin-doge-price-prediction/">Dogecoin price prediction</a> could drive a rally to $0.22, followed by $0.3. 
Conclusion 
Based on the historical performance, the Cardano coin correction trend will likely be prolonged in September. The bearish momentum should drive investors’ attention to emerging crypto like&nbsp; Sei (SEI), TRON (TRX), and Dogecoin (DOGE) to capture a directional uptrend. 
The post <a href="https://coingape.com/markets/3-crypto-that-will-be-worth-more-than-cardano-in-q4/">3 Crypto Poised to Outshine Cardano in Q4</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

3 Crypto Poised to Outshine Cardano in Q4

Table of Contents

Coingape News Media

Other articles published on Aug 27, 2024

What is Story Protocol?

Slash Payments Token SLV To List On Gate.io Exchange Following Exclusive Airdrop

Is Solana (SOL) Gearing up for a New ATH? (Analysts Chip in)

50 Million XRP in 24 Hours: Do Whales Know Something?

Which Cryptos to Watch Following the Fed’s Announcements?

VanEck Reveals Formula That Could Generate $14 Billion in Profit for Bitcoin Miners in Latest Report

Join our free newsletter for daily crypto updates!