Cardano Faces 2% Intraday Gain Despite Ethereum Upgrade Risks PepeX Raises $2 Million in Presale, Addressing Meme Coin Issues
2min read Cardano (ADA) is facing potential downside risks as the Ethereum network prepares for its Pectra upgrade on May 7. Historical data indicates that significant improvements to the Ethereum network often coincide with pressure on ADA, which could lead to a decline in its value. Despite this, Cardano was trading 2% higher intraday at the time of reporting. The long-standing rivalry between Cardano and Ethereum, both early layer-one blockchains, has often seen ADA underperform during key Ethereum upgrades aimed at enhancing scalability and usability. Previous Ethereum upgrades, such as the London upgrade in 2021, the Merge in 2022, and the Dencun upgrade last year, have all resulted in sharp declines for Cardano. If this pattern continues, ADA may face a significant decline, especially if it breaks below key support levels. A drop to around $0.66 could trigger long liquidations totaling over $5.4 million, potentially accelerating selling pressure. Analyst Kamil commented that “ADA traders are playing with fire,” citing the high leverage in the market that could amplify volatility.
In contrast, PepeX is gaining traction by addressing two persistent issues in the meme coin space: the proliferation of low-effort scam tokens and unchecked market manipulation. The meme coin segment is largely driven by hype and speculative surges, leaving investors vulnerable due to the absence of structural safeguards. Launchpads such as Pump.fun have faced criticism for enabling rapid rollouts of poorly conceived tokens with minimal oversight or accountability. PepeX is positioning itself as a professional-grade alternative, retaining the speculative appeal of meme coins while embedding operational discipline. The platform allocates 95% of each token’s supply to the community, reserving just 5% for project founders. If a token fails to gain traction, its locked liquidity is redistributed to participants, introducing a rare mechanism of accountability in an otherwise opaque landscape. PepeX is also leveraging artificial intelligence to modernize meme coin marketing. Its proprietary tool, AKIRA, integrates with Telegram and X (formerly Twitter) accounts to autonomously execute community growth strategies. This removes the need for dedicated marketing teams and enables immediate scalability from launch. By combining investor protection, automated marketing, and community-first tokenomics, PepeX is aiming to legitimize a historically volatile segment of the crypto market. Its presale has raised over $2 million to date, signaling strong investor interest in a launchpad focused on transparency and builder credibility.
In summary, while Cardano faces potential downside risks due to the upcoming Ethereum upgrade, PepeX is gaining momentum by addressing key issues in the meme coin space. The divergence in market sentiment between the two coins highlights the differing trajectories they may take in the coming months. Investors are advised to carefully consider the risks and potential rewards associated with each coin before making any investment decisions.
Ask Aime: What's the impact of Ethereum's Pectra upgrade on Cardano's price?
