- Cardano (ADA) continues to perform well on resilience at a time when other cryptocurrencies are about to crack under pressure.
The bear market continues to suppress all crypto, causing the majority of cryptocurrencies to be trading at prices not seen since mid last year.
However, this drop has created an exciting opportunity for crypto investors to bottom-buy attractive crypto assets that are expected to perform well in the coming months.
One of the most robust and reliable blockchain networks in the cryptocurrency industry. Cardano (ADA)is a tried and tested real crypto asset. The platform’s founder, Charles Hoskinson, describes ADA as a “robust, futuristic technology” with a programming team that prioritizes integrity over speed.
Cardano remains a popular altcoin
Influenced by the partnerships made and the continued interest of investors in the asset as the financial system shows signs of recovery ADA price It climbed dramatically today and is as high as 10 percent in the last 24 hours.
Hoskinson by the Twitter account of the media company LondonRealTV carried out commented on a recent poll.
Cardano always shows up in force https://t.co/RkygV4YvbR
— Charles Hoskinson (@IOHK_Charles) June 7, 2022
The survey shows that despite poor market conditions, nearly 80 percent of respondents chose Cardano’s native token ADA over other major cryptocurrencies.
London Real selected 4 options in the survey for people to choose from: bitcoin (BTC), Ethereum (ETH), cardano (ADA) and “others”. The purpose of the survey was to identify which tokens investors held the most during this bear market, with around 78 percent of respondents choosing Cardano’s native currency ADA over other major cryptocurrencies. Bitcoin and Ethereum received 11 percent and 5 percent, respectively.
On June 3, the token rose more than 20 percent to dominate the market as the biggest winner among the top 100 cryptocurrencies by market cap. As stated by KoinFinans, the altcoin that performs well today has outstripped other major altcoins. The reallocation rate was higher than other chains, both in proportion and momentum.
Whales continue to accumulate ADA
As the platform approaches a development, Cardano whales are carrying massive amounts of ADA just before this development, which is expected to see a significant price increase.
The ADA development team is currently expected to be released in July. Vasil hard fork working on it. This update aims to improve Cardano’s support for smart contracts.
Known as a strong network with great future potential, Cardano’s Hydra update is expected to be released in the third quarter of 2022. This rise, which is expected to consolidate the platform’s reputation, is expected to increase the adoption of Cardano, bring money to the ADA market and raise the price. In light of this, Cardano is seen as an excellent buying opportunity in the current bear market, according to experts.
cardano blockchain, satellite TV provider DISH Network ADA has surpassed its competitors in the last 24 hours, after making progress in its cooperation with ADA.
According to data from Coinmarketcap.com, ADA surpassed the top ten cryptocurrencies, rising nearly 10 percent to $0.66.
DISH will expand their relationship that started late last year by issuing a decentralized identity and loyalty token based on Cardano technology.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.