In-depth analysis of the four giants in the cryptocurrency market:
How to play the current market for ADA, DOGE, and UNI?
Hello everyone, I am your Tianya. Recently, the market has been quite volatile, and many friends have asked me about the fundamentals of ADA, DOGE, and UNI, the stability of the data, the reliability of the underlying logic, and whether the current market trend is bullish or bearish.
Today, I will combine the latest market data and my experience to dig into the details of these coins and share my views. Remember, I am not an investment advisor; I am just sharing my insights. The cryptocurrency market is risky, so do your own research, DYOR.
ada
Let's talk about ADA, Cardano's native coin, which is an established public chain. Its fundamentals emphasize academia, with the underlying logic being PoS consensus, focusing on scalability and sustainability. After the Hydra upgrade, TPS has increased significantly, allowing for more DeFi and NFT applications. From the data perspective, ADA's price surged from $0.5 to around $1 this year, with a market cap exceeding $30 billion and an active community with over 4 million holding addresses. But to be honest, slow development is a hard flaw compared to SOL and others, and its ecosystem started late. Recent data shows that TVL is only $5 billion, far behind the ETH ecosystem. In the current market, I am neutrally bullish because the macro environment has strong expectations for interest rate cuts, and public chains will rotate. However, ADA needs to break through the resistance at $1.2; otherwise, it could easily retrace to $0.8. It is suitable for long-term holding, and there's no rush to chase highs.
DOGE
Well, this Dogecoin is a pure meme coin representative, fundamentally weak, mainly relying on the community and Musk's influence. The underlying logic is infinite supply and an inflation model, but this makes it approachable, suitable for small retail investors. From the data perspective, DOGE has risen from $0.1 to $0.3 this year, with a market cap of $20 billion, high trading volume, and significant social media buzz, like numerous tweets on X. But the problems are obvious: high volatility, no actual application, and recent hype about Musk's Starlink integrating DOGE payments has been slow to materialize. In the current market, I am mainly bearish because the meme craze has faded, and if the market is unstable, DOGE could easily be cut in half. I suggest playing lightly, setting stop-losses, and not treating it as a long-term investment.
Finally, there's UNI,
Uniswap's governance token, a leader in DeFi, fundamentally very strong, with actual transaction fee sharing. The underlying logic is a decentralized exchange. After the V4 version optimization, the liquidity pool is more efficient, and cross-chain support has arrived. In terms of data, the UNI price surged from $8 to $12 and then back to $11, with a market cap of $7 billion and TVL exceeding $5 billion. Proposals are active, like the DUNI decentralized governance one, and institutional whales are clearly increasing their positions. Compared to others, UNI has caught the wave of Web3 institutional interest, with continuous news. In the current market, I am very bullish because the ETH ecosystem is strong, DeFi funds are overflowing, and breaking past $12 could lead to $15. A short-term correction is an entry opportunity, and having a heavy position is not a problem.
Overall, each has its characteristics: ADA has long-term potential, DOGE relies on luck, and UNI is the most appealing. However, the overall market is influenced by the Federal Reserve's policy, leaning neutral to bullish. I recommend diversifying, heavily investing in UNI and ADA, and lightly playing with OKB and DOGE. From a macro perspective, CPI has cooled, interest rate cuts are imminent, liquidity is good, but don't overlook geopolitical risks.
