Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Cardano Forum => Topic started by: Mahindra on June 16, 2021, 04:59:18 PM
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The turmoil of market fluctuations in May had affected every cryptocurrency. Bitcoin prices started plummeting with Etherum following its trail. However, did you know Cardano was standing strong against the turmoil? On May 13th, Cardano reached a high of US$2.10 whereas the front runners – Bitcoin and Ether dropped down to US$46,800 and US$3500 respectively. Overall, since 2019, Cardano is up over 1,700%. more information (https://www.analyticsinsight.net/the-rise-of-cardano-will-it-continue-growing/)
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Actually, during this bearish market, the price of ADA doesn't really fall to significant as other cryptocirrenices. The price of ADA itself still hit more than 1$. ANd the up and down price is not really significanthappening. ANd I am sure enough the price can keep increasing, but not on the weekend.
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I am sure Cardano will continue to grow because there is much good news about Cardano. We also know that Cardano becomes one of the favorite coins right now. So, it will have a chance to continue growing its value in the market and the holders can expect to gain good profits from Cardano. It is a very recommended coin to buy, I am also holding it, mate.
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And besides all the good news about Cardano platform, ada coin had gotten the confidence of many more investors and the volume on coinmarketcap keep increasing for the past weeks. I think continue on this trend for a long time with a a good price resistance at $1.2/$1.25. Ada is a potential coin for the future and it will continue to grow.
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Honestly I agree with this the rise of cardano will continue to growing because some of the investors now in the market will recognize the capability of a cardano coin which launched in the blockchain very aggressive to all cryptocurrencies which become and a familiar in the exchanges someday.
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Cardano still continues to shine because Cardano is a coin that was created for staking and has a very strong holder to be invested in the very long term, more precisely to learn Cardano requires a lot of patience because of the characteristics of Cardano like that.
If we study Ethereum, maybe in just 1 day we can understand it but if we study Cardano it might take some time to understand how Cardano works and this is what makes the price of Cardano continue to rise.
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It is growing but it also depends on crypto market conditions and BTC price. These two factors really influence all altcoins, ADA also got the impact from these two factors. If crypto market can recover and BTC price is improving again above $40k, then ADA can continue its price growth significantly again. But if crypto market goes to bearish season, I doubt ADA price will increase much.
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The turmoil of market fluctuations in May had affected every cryptocurrency. Bitcoin prices started plummeting with Etherum following its trail. However, did you know Cardano was standing strong against the turmoil? On May 13th, Cardano reached a high of US$2.10 whereas the front runners – Bitcoin and Ether dropped down to US$46,800 and US$3500 respectively. Overall, since 2019, Cardano is up over 1,700%. more information (https://www.analyticsinsight.net/the-rise-of-cardano-will-it-continue-growing/)
Ada will only stand to some certain degree of the Bitcoin market price movement. Yes, Ada has experienced a good resistance price level since the month of May but it was due to the fact that btc was a little stable at some points. Bitcoin drive drive and he crypro market, and it wasn't going well with Ada when Btc continued crashing from from the month of June until July 2021. I think ada has great potentials and will rise in near future.