Cryptocurrency

ADA Price Prediction; Will It Maintain Post-Election Hype and Can a New Meme Coin Beat It?

IndustryTrends

Several days after Trump’s victory, the crypto industry is still feeling the impact but in a good way. Bitcoin is at its highest ever, while other cryptocurrencies are enjoying a considerable boost. Case in point: Cardano (ADA) surged 32% in the last couple of days.

But that’s not all, as meme coins are getting their share of good news as well. There is no shortage of meme coins seeing a rise in their value, such as Dogecoin, which reached its highest price in the last three years.

How long will this last is anybody’s guess, but it sure is a good time for crypto enthusiasts - more so since there are some exciting new projects like meme coin Shiba Galaxy ($SHIBG), which we will discuss a bit later.

ADA is on a good run

Following the election boost, ADA did fluctuate a bit in the last week, but it managed to always rise up higher than it went down. 

Compared to the day before the presidential elections, ADA had a 25% increase, more or less, in the following days. Naturally, this started all kinds of speculations and predictions.

An interesting thing to note is that some analysts, even before the election, noted a similar pattern four years ago so they believe that ADA might get a pump sometime mid-November.

As such, there is talk that at the end of the year, ADA might go to $1.266009 and that in the autumn of 2025, it might reach its highest-ever price before starting to drop.

Its current price is $0.6085

On the other side of the crypto market, where meme coins rule, a similar pattern has been seen. As a glaring example, Dogecoin absolutely exploded thanks to Musk’s close ties with Trump. What’s more, daily trading volume across the meme coin sector surged by 200% just one day after the presidential elections.

A great meme coin in the making?

Poised to be one of the most intriguing projects in the meme coin market, Shiba Galaxy seems to have taken a step further than most - largely due to being equipped with some unique qualities.

First off, by offering fast, affordable bridging between Ethereum and Shiba Galaxy Chain, it bridges the gap between meme coins and traditional, utility-focused tokens. In addition, Shiba Galaxy is developing an L2 blockchain dedicated to creating and launching new meme coins.

Security-conscious users shouldn’t worry either, since this meme coin has already been audited. It even has some stuff that isn’t usually seen in meme coins, like a dedicated block explorer and on-chain builder.

And when you compare it to other similar projects, its market cap of $30 million is quite lower, making it a potentially good opportunity for investors.

At the moment, Shiba Galaxy is in its pre-sale phase, priced at $0.11.

Exciting times are ahead

If it wasn’t clear by now, this is a great time to be a crypto investor and/or enthusiast, with the entire industry taking off into the stratosphere. Sure, it’s still early to say how this will end and where it will lead in the long run, but there are definitely a few rock-solid reasons to be excited about, especially with Shiba Galaxy en route.

To be fair, ADA is having a solid run too, accompanied by some favorable predictions. Will those predictions turn out to be true (or as close to true as possible) is a matter for another discussion - particularly since even with all of the hype, Cardano still probably won’t reach its all-time peak anytime soon.

As such, it’s worth keeping a close eye on Shiba Galaxy, which is bound to make an impact with its mix of memeness and utility. All the key ingredients for a great meme coin are there - we just have to wait and see what it cooks up.

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