Is Cardano Dead? Here Is Attractive ADA Alternative to Consider in September

The bear market has swept off most of the crypto market, and Cardano (ADA) has been no exception. Investors are diversifying to emerging cryptocurrencies with lower initial market caps to offset the risk.

Crypto All-Stars ($STARS) is one of the top cryptos that have caught their eyes.

Is ADA Dead?

ADA is not dead. It is the world’s eleventh-largest crypto, with a market cap of $11.7 billion. That amounts to something.

True, hollow projects like Dogecoin that purely rely on trends for price action rank above Cardano. But a strong ecosystem underpins the long-term trajectory of Cardano, while meme coins move based on the whims of speculative traders.

Cardano slipped 15% down the charts in August 2024, touching $0.32. The yearly chart, on the other hand, records a 28% surge.

If the broader market recovers as predicted in the coming weeks, Cardano has a long way to climb back. That translates to heavy returns for investors who bought the dip.

But if the bear market persists, investors should brace themselves for more crashes. Cardano could slip to $0.28 in the next downtrend, having consistently failed to win the confidence of traders over the last few weeks.

In a broader market rally, however, Cardano could climb above $0.4, and potentially cross $0.5. It is too early to determine which path the altcoin will take.

Crypto All-Stars Wins Investors

Crypto All-Stars ($STARS) is the latest to take the meme coin market by storm.

$STARS is making headlines with MemeVault, a multi-token, multichain staking platform, set to simplify meme coin management. For those looking to grow their meme coin holdings without juggling staking protocols, MemeVault comes as a boon. It saves time and effort.

MemeVault is slated to launch post-presale, but $STARS investors can begin earning right away. The staking annual percentage yield (APY) crosses 1000% now.

Once MemeVault is fully functional, $STARS tokens will yield 3X returns for stakers. That is one of the reasons investors are rushing to hoard $STARS in the ongoing presale.

It will support eleven popular meme coins in the first phase. Over time, the compatibility will expand to more coins to maximize the reward potential. Built on Ethereum’s ERC-1155 token standard, the interoperable ecosystem gives investors a broad range of options.

Uniting Meme Coins for Passive Income

MemeVault is designed to make meme coin staking easy and accessible.

Maintaining a profitable, diverse meme coin portfolio is a distant dream now, thanks to the rapid volatility of the market. Crypto All-Stars consolidates the staking process into a single platform. In a way, it brings cohesion to the fragmented meme coin market.

The $STARS presale offers attractive discounts and high staking APYs in the current stage. It can be purchased with both fiat and cryptocurrencies, making it accessible to a broad audience.

Influential crypto analysts, including ClayBro and 99Bitcoins, have taken notice of the project. $STARS is winning the approval of investors for its creative theme that focuses on utility rather than fleeting trends.

Smart design and high-yield opportunities make $STARS one of the top cryptos to watch now. The project’s security has been thoroughly audited by SolidProof and Coinsult, strengthening its credibility.

Presale Window Closes Soon

$STARS presale is marching toward the $1 million mark. There is little time to purchase the token for low prices before it hits exchanges.

Visit the official Crypto All-Stars website to participate in the presale before the sell-out.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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