Friday, January 24, 2025 UTC

Cardano Price Prediction: Why Skyren DAO Could Leave ADA in the Dust

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With the crypto market now booming with Trump’s inauguration, investors are looking for more opportunities to gain profits. While Cardano (ADA) has been a favorite of many, industry watchers suggest that Skyren DAO could leave ADA in the dust.

Cardano price prediction

At the time of writing Cardano (ADA) was trading at $1.01, down 6.23% in 24 hours but up 5% over the past week. Analysts have highlighted a double-bottom pattern on ADA’s chart, with support at $1 and $0.90. Technical indicators also show a bullish MACD crossover and an overbought RSI, signaling significant buying momentum.

Notably, a golden cross formed three days ago, reinforcing ADA’s bullish potential. Analysts suggest that if ADA breaks its first resistance level at $1.119, it could aim for $1.15. However, they state that holding above $1.03 is crucial as a dip below this level could drive prices down to $0.879, marking a loss of around 10.9%. This volatility leaves ADA vulnerable to competitors like Skyren DAO.

What is Skyren DAO?

Skyren DAO is a new DeFi platform that aims to revolutionize how traders and investors earn from crypto airdrops. The platform aims to solve the challenges associated with crypto airdrops and ensure its users gain massive profits.

With its groundbreaking technology, Skyren will go through blockchains to identify all ongoing and future airdrop projects. These projects will then go through a rigorous selection process, where factors like legitimacy, profit potential, and security will be taken into account. This ensures that only viable projects are brought to the platform’s decentralized autonomous organization (DAO).

The Skyren DAO will be made up of SKYRN token holders and will be responsible for steering the platform. The holders will vote on the projects presented by Skyren’s research team, and only the selected ones will be pursued. Notably, the DAO treasury will be used to provide the capital for selected projects that require liquidity. The SKYRN holders will also be required to vote to allow the execution of liquidity provision transactions.

Upon provision of liquidity, all SKYRN holders will be entitled to a share of the airdrop rewards. This will be done equitably, through a sophisticated multi-call deployment smart contract that guarantees the timely delivery of airdrop rewards directly to users' wallets. Skyren DAO’s approach ensures security, fairness, and simplicity, requiring users to only hold the SKYRN token for continuous airdrop rewards.

The Skyren platform will also feature an education center to help SKYRN holders become eligible for task-based airdrop allocations independently. The center will allow users to easily view the tasks associated with different crypto airdrop projects. It will also provide clear explanations on how to complete the tasks, with access to industry experts to help in any challenges encountered.

The Skyren presale

The Skyren presale started on January 23, selling the SKYRN token at $0.02. The presale aims to distribute 75% of SKYRN’s fixed supply of 190 million. 10 million of the tokens have been slated for phase 1, showing Skyren’s commitment to incentivizing early adopters.

Notably, once SKYRN tokens are acquired in presale, they are automatically staked, starting to generate returns immediately. Rewards are harvested weekly and added directly to users' accounts, providing an additional, hassle-free way to grow earnings.

Why Skyren DAO could leave ADA in the dust

While Cardano has established itself as a reliable blockchain platform, Skyren DAO’s innovative approach positions it as a strong contender. By allowing users to get continuous free crypto tokens through its automated airdrop rewards system, Skyren DAO provides a passive income stream that surpasses traditional staking benefits.

Additionally, the SKYRN token offers a low entry point, making it accessible to a wide range of investors. Moreover, as a new project, Skyren DAO has a low market cap, which presents significant potential for exponential gains as it gains traction and adoption in the DeFi space.

For more information on Skyren DAO:

Website: https://skyren.io/

Telegram: https://t.me/SkyrenDAO

X: https://x.com/Skyren_Official

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