• Despite current lows, ADA mirrors Ethereum’s past trajectory amidst Bitcoin’s bull market doors.
• Analyst Gambardello compares ADA to ETH, highlighting DeFi’s emergence and foundational development after bear markets.
• ADA’s 78% dip from its peak echoes Ethereum’s history, suggesting a potential recovery and surpassing key resistance.

Cardano (ADA), the eighth-largest cryptocurrency in terms of market cap has experienced a recent price surge but currently trades below the levels seen during the previous bull run during March-April 2021. This situation has raised concerns among investors who are comparing ADA’s performance to the recently renewed bullish momentum of Bitcoin (BTC).

In the previous bull run when Bitcoin reached a peak of $60,000, ADA traded concurrently above $1. While Bitcoin has surpassed $60,000, ADA hovers around 65 cents as per CoinMarketCap. 

The post Cardano (ADA) Price Performance Raises Questions Amidst Renewed Bitcoin Bull Run appeared first on Coin Edition.

• Despite current lows, ADA mirrors Ethereum’s past trajectory amidst Bitcoin’s bull market doors.
• Analyst Gambardello compares ADA to ETH, highlighting DeFi’s emergence and foundational development after bear markets.
• ADA’s 78% dip from its peak echoes Ethereum’s history, suggesting a potential recovery and surpassing key resistance.

Cardano (ADA), the eighth-largest cryptocurrency in terms of market cap has experienced a recent price surge but currently trades below the levels seen during the previous bull run during March-April 2021. This situation has raised concerns among investors who are comparing ADA’s performance to the recently renewed bullish momentum of Bitcoin (BTC).

In the previous bull run when Bitcoin reached a peak of $60,000, ADA traded concurrently above $1. While Bitcoin has surpassed $60,000, ADA hovers around 65 cents as per CoinMarketCap. 

The post Cardano (ADA) Price Performance Raises Questions Amidst Renewed Bitcoin Bull Run appeared first on Coin Edition.