Bitcoin (BTC) and altcoinStocks have fallen sharply recently due to the actions of the SEC. For SEC, Binance and Coinbase’e claimed that some altcoins are securities in the lawsuits he filed.
One of these altcoins is among the top 10 cryptocurrencies. Cardano (ADA) it happened.
It’s been down 30% since the SEC’s securities claim. ISLAND It declined as low as $0.22.
While investors were wondering if the ADA, which was at the level of $0.26 at the time of writing, would rise again, on twitter. “ADA Whale” User Cardano currently has EthereumHe said that Turkey showed the performance it showed in the bear cycle in 2020.
Accordingly, if history repeats itself, this may be positive for the ADA. Because, after the bear market in 2020, there was a big bull rally in 2021.
Despite the bear market in 2022 Ethereum Twitter user, who stated that its dominance remained above 20%, consolidated ETH’s position during the 2020 bear market, while ADA’s current performance ETHHe said it was similar to his performance in 2020.
It was also stated that despite the recent declines, ADA managed to stay above the bottom levels in the 2020 bear market and showed resistance even in a general decline.
It’s true that Ethereum dominance has impressively remained at 20% this bear market and there’s certainly a story there, so congrats to them. ADA is just doing what ETH did too last bear market (before truly establishing itself 2021-22) and is still well above the 2020 lows pic.twitter.com/huZCfo76GA
— ADA whale (@cardano_whale) June 19, 2023
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!