Over the past week, there has been increased whale movement for the Cardano token, suggesting the altcoin could witness a major rally in the coming weeks. The Cardano price returned to $1 in the middle of January before the recent correction. However, with news of a possible Cardano ETF approval in the year, the altcoin price is expected to witness massive rallies soon.
Meanwhile, the ChowWow presale has continued to witness massive adoption triggered by the fantastic features aimed at promoting financial freedom for the people. With the growing interest in the Solana-based project, the CHOW token is taunted to replicate the Cardano 2021 bull run. Let’s see what the driving factors could be.
Whales Move Over 70M Cardano Token As Analysts Anticipate Massive Rallies
According to crypto analyst Ali Martinez, whales have moved over 70 million Cardano tokens in the past week, a move that could turn bullish or bearish for the altcoin. This comes after news of Grayscale filing for Cardano ETF. The popular crypto asset manager filed to list the first-ever spot ADA fund on the New York Stock Exchange, which will allow investors to gain exposure to the crypto without having to own it directly.
While analyzing the Cardano price chart on X, Ali claims that ADA seems to be repeating the same pattern from 2020 to 2021 at a slower pace, which could soon lead to a parabolic rally. If successful, Ali thinks Cardano’s crypto price could hit $15 in 2025. Confirming that, crypto account TapTools thinks ADA price is repeating history with high chances of setting a new ATH soon.
Based on CoinMarketCap data, Cardano’s price has increased by 37% in the YTD price metrics, jumping from $0.34 in early November to over $1.20 in December. Although the Cardano key market indicators are not looking good, if the altcoin is able to retest $1.20, it could hit $5 in 2025. Adding to the possible ETF approval, Cardano is one of the altcoins to watch this year.
Can ChowWow Replicate the ADA 2021 Rally?
ChowWow is a project built with real-world utility, separating it from other meme coins like Bonk and Popcat that thrive on FOMO. Among the notable features is the play-to-earn model, which is designed to reward games for participating in gaming activities. The earned in-game items can be converted to real-world values.
Another feature is the stake-to-earn model, which is designed to reward users who stake their tokens. Unlike other platforms, the staking rewards are paid monthly, and users can earn up to 8% – 15% in APY rewards. This will not only bring liquidity to the ecosystem but also boost the adoption.
Taking inspiration from the Chinese Chow Chow dog breed known to bring fortune and wealth to people, ChowWow aims to bring luck and wealth to investors’ assets. Built on the Solana blockchain, ChowWow will inherit the ecosystem’s high throughput, faster transaction processing and cheap fees.
According to the tokenomics, $CHOW has a strict total supply of 888.77 million, unlike other meme coins like Dogecoin, with no fixed supply. The Chow token is also deflationary, with buy-and-burn mechanisms aimed at decreasing the supply and boosting the price.
As a utility token in the ecosystem, the Chow token is used to pay for in-game items in the P2E platform and distribution of cashback, promotional offers, etc. All these will likely drive the adoption and price up. As such, at $0.008, investors have the chance to accumulate the altcoin at this early stage before it hits exchanges. With the rising momentum, it could replicate the ADA 2021 rally or possibly hit 10x in presale.
Cardano vs ChowWow — the Altcoin With 10x Growth Potential
Cardano’s price is likely to witness more uptrends in the coming weeks due to positive news like the ETF and growing interest in the altcoin. But the possibility of 10x is slim as it could shoot the market cap to over $280B, which is unlikely in 2025. However, ChowWow could hit 10x due to the fact it is on presale and has yet to hit any exchange. With features like play-to-earn, it will witness more adoption, triggering a bullish rally. Overall, Chow is one of the best meme coins to invest in for long-term gains.
DISCLAIMER: This article is not intended as financial advice. Educational purposes only.
