Stable ETH, ADA and DOGE Prices: Top Reasons to Buy These Altcoins

The crypto market is saturated with a variety of cryptocurrencies and choosing one to invest in can be quite difficult. Most new traders only knew Bitcoin as the main cryptocurrency they had to buy. However, there are other altcoins where one can buy and diversify their crypto investments. Some of the most promising altcoins are Ethereum, Cardano, and Dogecoin. Why should you buy Ethereum (ETH)? The world's second largest cryptocurrency is making big moves in the market and is now a great alternative to Bitcoin. In May, Ethereum reached around $4,500, a record high for the cryptocurrency. Ethereum Blockchain hosts many DeFi projects and is now the preferred option for NFTs. The robust nature of this blockchain network and the fact that it is an excellent choice for any decentralized application drives the value of the cryptocurrency upwards. Some analysts have even stated that Ethereum is superior to Bitcoin as it can be used as a store of value due to the demand for the blockchain system. Source: TradingView This chart shows that Ethereum is above the support price, meaning there may not be a sharp drop below its current value. While there are many blockchains currently being negotiated with Ethereum, this means that Cardano (ADA) is the second altcoin people should pay attention to. Cardano blockchain is making great strides in supporting various blockchain-based infrastructures around the world. One of the main reasons that will increase the value of cryptocurrencies is how the technologies behind them can be used in the real world. Source: TradingView The chart above shows Cardano making bounces that show optimism. Based on this data, the token has formed a 'triangle pattern', showing the possibility of increasing the value of its support and encouraging investors to go long. IOHK may be a good idea to continue as a company for a long time.

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