Why is This Altcoin On Fire? Cardano and Tron Investors Flock To Find Further Gains

cryptonews.com:

Altcoins is where it’s at. Bitcoin may be the best invention since the internet itself, but it cannot compete with the hottest altcoins. Sadly, however, not all altcoins are hot. Tron is cooling down, and the Cardano price is ice cold, leaving investors scrambling to find a token to offset losses.

Fortunately, there’s relief to be found in Rollblock, the hottest altcoin in town, currently in presale.

It’s a shame about Cardano. This is a fantastic project, with the Cardano chain being technically perfect. However, the Cardano price is not even 10% of what it once was, and this once mighty blockchain is now clinging to dear life. Languishing at $0.30, it’s difficult to imagine the Cardano price north of $3.00, and for a while, it was the hottest altcoin around, even giving Ethereum a run for its money.

However, the Cardano price is a symbol of Cardano’s ambitions. In pursuing technical perfection, they created something complex, slow, and expensive, and other faster, cheaper chains are taking market share from Cardano, and the Cardano price is suffering because of it.

Tron has been one of the best-performing cryptos this year, returning a healthy 40% for the year so far, outpacing Solana and Bitcoin. However, 40% does not tell the whole story, as Tron was even higher at the end of August. It seems Tron has finally found its niche, and investors called it the hottest altcoin of the year.

But the last month saw the Tron price cool down significantly, with profit taking putting downward pressure on the coin. Analysts are now worried that Tron is oversold and overvalued, and investors fear Tron is ready for a correction.

One can tell which are the hottest altcoins by looking at presale figures, and in this case, Rollblock is