Unexpectedly, Cardano easily beat top-tier digital assets like XRP, ETH and BTC, thanks to the lack of leveraged positions open on the market and lower institutional exposure, as they appeared to be two main reasons behind the strong plunge of the market.Both neutral performance on the ADA/USD pair and a plunge below $900 for Ethereum is fueling the 75% gain. The strongest plunge on Ethereum since 2020 helps with ADA's short-term rally against major players on the market.
With the constant updates and relatively low pressure from investors because of the low-leveraged nature of the asset, Cardano has all the chances of being among the leaders when the cryptocurrency market sees new funds inflows. This may take another couple of years, especially with the hawkishness of the Fed.
The market smells of rising, but do not rush, the dollar should be down tomorrow, and the s & p500 is rising because bitcoin is more stock.
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