Crypto Market Plunges 9% Amidst Trade Tariffs; ADA, DOGE, HBAR, TRX Show Resilience
1min read The broader cryptocurrency market has experienced a decline, with its value dropping 9% to $2.75 trillion. This downturn follows a major market sell-off triggered by Trump's trade tariffs on Mexico and Canada, resulting in $1.09 billion of assets being liquidated over the past 24 hours.
Despite the market's overall decline, several XRP competitors have shown resilience and potential for significant returns in March. These altcoins, currently valued below $1, include Cardano (ADA), Hedera (HBAR), Dogecoin (DOGE), and tron (TRX).
Cardano (ADA) has surged 75% following reports of Donald Trump's crypto reserve plan, although it has since corrected by 15% to $0.8165. Analysts believe ADA signals a bullish reversal, with price targets potentially reaching $1.24 and $1.54. Institutional demand could rise if a Cardano ETF gains regulatory approval, positioning ADA for long-term growth.
Dogecoin (DOGE) has faced challenges in its recovery but has shown potential for growth. A breakout from descending resistance levels could push the price to target levels of $0.230, $0.287, $0.340, and $0.445. If support holds, DOGE may reach $1.24 and potentially $1.54 in the future.
Hedera (HBAR) has collaborated with SWIFT to streamline global financial transactions, enhancing its adoption potential. Nasdaq's application to list Grayscale's Hedera ETF reflects institutional interest in Hedera's hashgraph network. hbar trades at $0.2327, down 6.28% in 24 hours, signaling possible price fluctuations.
TRON (TRX) has seen a 66% price increase in the past year, solidifying its presence in decentralized finance. Currently priced at $0.2340, the trx price experienced a 2% drop in the last 24 hours. If the bullish makes a comeback, the TRX price prediction could rally to the $0.24 support level, and if the bullish mounts more pressure, the altcoin could surge to the $0. 