Price of crypto MXC, DASH and Cardano
Crypto market: what is and what will be the price trend for Meta X Connect (MXC), Dash (DASH) and Cardano (ADA)? Find out below.
Price analysis of MXC, DASH and Cardano (ADA) cryptoassets
It is worth mentioning that MXC is a new ERC-20 blockchain coin focused on IoT-Machine to Machine Data Transactions. The MXC token is a unique token designed for the future of IoT and LPWAN technology.
Dash, on the other hand, is an open source peer-to-peer cryptocurrency with the goal of being the most user-friendly and scalable cryptocurrency in the world. Finally, Cardano is an open source cryptocurrency-related project that aims to build a public blockchain platform for smart contract management. Its native crypto is ADA.
MXC Crypto Price: How High Will The Coin Go In 2023? Will it be able to keep up with DASH and Cardano?
Currently, Meta X Connect (MXC)is worth $0.02. Specifically, we see that MXC has moved -10.64% in the last 24 hours with a trading volume of $7,814,695. Meta X Connect is currently ranked #390 among all cryptocurrencies with a market cap of $54,444,339.
Using the Relative Strength Index (RSI), Moving Weighted Average (MWA), Williams Fractal and Moving Average Convergence Divergence (MACD) chart of MXC, it is possible to try to determine the price patterns of Meta X Connect (MXC) to determine if it will have a bullish or bearish year.
In any case, according to many, this crypto has great upside potential and is currently trading at a significant discount compared to its all-time high.
As such, it could be a great time to invest in MXC.
However, given the high volatility of the crypto market, MXC could lose significant value in the short term. Nevertheless, it is worth noting that the team behind MXC is confident that the cryptocurrency has the potential to reach new all-time highs in the future.
In fact, according to some, Meta X Connect is one of the most surprising cryptocurrencies to rise this year. MXC’s 2023 price prediction sees a significant increase in the second half of the year, possibly when $0.030298.
As with other cryptocurrencies, the rise will be gradual, but no major declines are expected. Specifically, an average price of $0.028278 is estimated to be quite ambitious, but feasible in the near future given cooperation and expected progress.
In addition, MXC should have a minimum value of $0.024238. Finally, in 2024 the Meta X Connect (MXC) price prediction has a lot of room for expansion.
Following the potential announcements of a number of new partnerships and initiatives, the price of MXC is expected to soon exceed $0.050131.
Rising price of Dash: The crypto is coming from bearish phase
The Dash (DASH) crypto appears to have rallied in recent weeks, so much so that analysts’ estimates predict that the coin will be out of the bearish phase for the foreseeable future.
Although the last few months have not been favorable for the Dash token, the last few weeks bode well for it potential growth of the crypto price.
Concretely, we see price increases of 4% and 7%. Moreover, Dash currently has a capitalization of $638.7 million, with a trading volume of $104.1 million
The outstanding bid is 11.1 million DASH.
Therefore, there is hope for recovery, despite the fact that the crypto is nowhere near its all-time high $1,642.22. In any case, the cryptocurrency market has failed to maintain an upward trend since the beginning of the year.
In fact, several attempts to recover from January’s decline were thwarted by a downturn that followed shortly after. Therefore, DASH can provide a price correction if market support weakens.
Should the price of DASH fall, the immediate support level is to test $115. If such a drop triggers panic, traders who bought during the declines may start selling, and increased selling pressure will push DASH below $100, testing the crucial resistance level of $90. A sharp drop in the market could also push DASH towards $75.
Will the Voltaire update affect the price of crypto Cardano (ADA)?
Cardanoits native cryptocurrency, ADA, has witnessed price fluctuations in recent days. ADA is up more than 50 percent since the start of 2023 and is currently trading at $0.38.
In particular, strong resistance has been observed at the $0.40 level for the price. In any case, Cardano is preparing for the next big update known as Voltaire. The crucial question is whether the Voltaire update will really affect the price of Cardano.
The continued growth of the blockchain is something that has always been associated with Cardano. The Voltaire upgrade, the next step in Cardano’s roadmap, is expected to take place by the end of the year.
Cardano now intends to create a fully decentralized blockchain with Voltaire. As a result, the blockchain will no longer depend on Input Output Global (IOG), the creator of Cardano, like other proof-of-stake networks.
The price of ADA has increased steadily over time each time there has been a new Cardano development. The price of ADA rose to a new all-time high at $3.10 in case of Alonzo upgradewhich enabled the blockchain to support smart contracts.
ADA is ready for a rally against $0.5 should bullishness prevail and history repeat itself. If the digital asset falls below $0.35, this will lead to a rapid decline to $0.3, which will be the lowest point since $0.3.
Ever since the big blockchain development conference in Scotland last November, the “Age of Voltaire” has been mentioned, and new Voltaire-related events are taking place again this year.
For example, a unique Voltaire seminar on community-led governance was held from 28 February to 1 March. And on March 24, IOHK gave more information about what Voltaire will contain.
