In the crypto markets, the recent attempt to kick off a new altseason seems to have failed.
Now, therefore, we have returned to a period where Bitcoin is calling the shots, even though we are no longer in Bitcoin season.
Therefore, it is advisable to analyze the trend of altcoins one by one, at most comparing it with that of BTC, since altcoins as a whole do not seem to have a unified direction. Today, we analyze the price trends of Cardano, Arbitrum, and Dogecoin.
Summary
Price Analysis of Cardano, Arbitrum, and Dogecoin
ADA, the native cryptocurrency of Cardano, often experiences market trends that alternate between long periods of stagnation and short phases characterized by speculative bubbles.
Therefore, after the growth in July and August, a new period of stagnation might have begun.
However, two clarifications must be made.
The first is that it is not necessarily the case that a true period of stagnation has actually begun, even though it is theoretically possible, because the lows are rising.
The second is that, even if a lateralization has begun, it is not certain that it will last long.
The one at the end of 2024 was clearly a mini-bubble, but with rising lows. In fact, it started from $0.3 in October 2024, skyrocketed above $1.2 in just a few weeks, and then retraced to less than $0.6. Although this last drop was even 50%, the low below $0.6 is still almost double compared to the more than $0.3 before the Trump-trade.
But it didn’t end there. In fact, in July it climbed back to $0.9, and last month it almost reached $1.
Well, the subsequent decline might have stopped yesterday just below $0.8, which is a higher low compared to the barely $0.6 in June.
Therefore, excluding the mini-bubble at the end of 2024, the price trend of Cardano seems definitely interesting in the medium term at this stage of the cycle. However, it will be necessary to understand what will happen in the event of a bear-market.
The Trend of Arbitrum
ARB of Arbitrum is a completely different matter, as it is not a native crypto but a governance token.
Its market trend also follows a different path and, to be honest, not particularly good.
In fact, the lows seem to be decreasing.
It must be said that ARB landed on the crypto markets only two years ago, so it did not go through the last major bull run (the one in 2021), but since then, in the medium to long term, it has a downward trend, at least for now.
It debuted at around $1.3, then recorded its all-time high in January of last year at $2.4.
After that mini-bubble, the price of Arbitrum began to fall, reaching $0.5 in October of last year.
Thanks to the Trump-trade, it managed to climb back just below $1.2, only to start declining again in 2025.
In April of this year, it recorded its all-time low, well below $0.3, and even in June, it was more or less at those levels.
To be honest, however, since July a rebound has started, which first brought it to $0.5 and then even to $0.6 in August.
Currently, however, it still hovers around $0.5.
The problem seems to be its tokenomics, given that the Arbitrum protocol is instead thriving. Out of a total supply of 10 billion tokens, only just over 5 billion have been put into circulation, so almost 50% still needs to be released into the market.
Additionally, there are continuous token unlocks, although of small magnitude. These continuous unlocks could be the basis of the medium to long-term downward trend.
The Trend of Dogecoin
DOGE, the native cryptocurrency of Dogecoin, is yet another thing.
In reality, in the crypto markets, it is a case that is almost unique, both because it is the first memecoin ever created, and also because it has the almost exclusive support of Elon Musk, even though the CEO of Tesla actually also supports Bitcoin.
The problem for Dogecoin is that Musk’s outbursts seem to no longer have an effect.
In fact, in recent days, news has emerged that there is a new company, managed by Musk’s lawyer, that intends to buy DOGE on the market to hold them indefinitely (as Strategy does with Bitcoin).
Yet, while such news would have skyrocketed the price a few years ago, now there hasn’t been any gain.
It is true that in recent days it has moved from $0.20 to $0.21, but this very small rebound is only due to the general rebound of the crypto markets. For example, compared to seven days ago, Dogecoin is losing almost 2%, and compared to the peak of $0.46 at the end of 2024, it is still less than half.
It should be noted, however, that the price in October 2024 was around $0.15, even though in April of this year it had dropped to $0.14.
Additionally, it should be noted that the all-time high of May 2021 was over $0.7, which is significantly higher than the peak generated by the Trump-trade.
Since Elon Musk himself is currently doing very little for Dogecoin, for now its glory days seem to be over.
In the world of cryptocurrencies, the market sentiment often swings between bull and bear phases. Understanding these trends is crucial for investors looking to maximize their returns. During a bull market, prices are generally rising, and investor confidence is high. Conversely, a bear market is characterized by falling prices and a lack of confidence among investors. Staying informed about market conditions and using tools like the TradingView widget can help traders make more informed decisions. Whether you’re tracking the performance of DOGEUSDT or any other cryptocurrency, having access to real-time data and analysis is essential.