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The post This Is Why ADA, DOT & SOL Prices Set To Spike In April appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

It’s been a rough start for cryptocurrencies this week. While the crypto market is known for volatility, the recent volatility has shaken the investor’s sentiments. As per Santiment data, the one that tracks consumer santiment, says that the strategic confidence in cryptocurrencies is weak.

Cardano, Polkadot, and Solana To See Bull Run Soon!

On April 6th, 2022, ETP was launched and with this launch Cardano (ADA), Polkadot (DOT), and Solana (SOL) are expected to continue their bull run despite the current downfall. Valour, a Swiss asset-management company, is all set to launch Cardano, Polkadot, and Solana-linked three exchange-traded products in Europe.

Starting on April 6th, the three ETPs will start trading on the European exchanges in Paris, France, and Amsterdam, The Netherlands.

The three exchange-traded products will track Cardano, Polkadot, and Solana price actions. The ETP’s exchange fee is set at 1.9%.

While talking about the entry of large institutions into the Crypto ETP market, DeFi Chief Executive Officer Russell Starr states that “More large institutions will enter and we expect even greater competition on pricing. What will differentiate the winners and losers is expertise in product innovation and a hyper-focus on providing added value to investors.”

It is to be noted that WisdomTree, also an asset management firm, has launched Cardano, Polkadot, and Solana-related exchange-traded products on the European exchanges in Paris and Amsterdam. Hence, these ETP introductions will push the price of Cardano, Polkadot, and Solana with growing demand.

Through the launch of ETPs through these regulated exchanges, European investors will be exposed to cryptocurrencies like Solana, Cardano, and Polkadot.

Solana price is set to reach $150 in April as there is a bullish divergence pattern on daily price charts.

At the time of writing, Cardano, Polkadot, and Solana are trading at $1.20, $22.30, and $131.58 respectively where ADA has increased by 2.67% and Polkadot decreased by 3.16% along with Solana plunging by 3.88%.

One thought on “This Is Why ADA, DOT & SOL Prices Set To Spike In April

  1. We all know the posts in crypto subs “guy paying with BCH in a garden store in paraguay!”. It's nice that it's working so well, but what's the impact of one bro paying with crypto?

    Payments with normal cash are already so easy and fast – I just hold my card at a terminal for 0 fees and instant payment. There's not even a real risk holding fiat at my bank, because there's a safety guarantee by a fund initiated by my gov.

    So what do you expect to be the advantage for crypto that will bring a broad adoption? Will being our own bank be enough?

    After the 2008 desaster, regulations regarding banks have improved, making the system less vulnerable. Of course, as always, everyday joy will pay for it. But are people aware?

    I think we need some real benefits for everyday joe / jane. People still think of scams and crashes when they see cryptocurrency, but that's another topic.

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