Cardano remains the only green asset as the crypto market sees red.
A temporary price dip in BTC led to fall in altcoin prices as well, except ADA.
Charles Hoskinson is pleased to see the slow and steady approach for Cardano pay off.
The crypto market experienced a short dip in price leading to Bitcoin dipping below $96,000 temporarily. With this short BTC dip, the prices of altcoins dipped along with it leading to red throughout the crypto market. However, Cardano remains the only green asset amongst the many red signs. This shows Cardano’s growing prowess and the highly bullish potential of its native altcoin asset ADA.
Cardano Remains the Only Green Asset Among Red Dips
The crypto market saw a short dip in price that took BTC below the $96,000 price range. This slight dip pulled down the prices of almost all other altcoins showcasing a sea of red. However, one altcoin remained a contrasting green showing that it remained bullish despite the collective short market dip, and this asset was ADA, the native altcoin asset of the Cardano blockchain founded by Charles Hoskinson.
https://twitter.com/NALAp20/status/1918816519267426407
As we can see from the post above, this crypto enthusiast highlights how ADA remained green while the rest of the market was down. The responses to the post shows the growing popularity of the altcoins asset. In previous cycles, ADA remained red while the rest of the market was greens. Cardano’s slow and steady progressive approach has finally brought the asset close to its visionary potential.
Traders and analysts are all very bullish on Cardano this bull cycle leading to the growing anticipation over Cardano ETF and Cardano Spot ETF approval. The chances of Cardano ETF being approved by the SEC has been growing steadily stronger this quarter as Cardano founder Charles Hoskinson confirmed that Solana-style speed is coming for the Cardano blockchain with the deployment of its upcoming Leios Upgrade.
The Leios Upgrade is the latest of the many upgrades that deployed on the Cardano blockchain. Since the previous bull cycle, Cardano upgrades have brought many new peer-reviewed functionalities to the ecosystem. These upgrades brought NFT minting, DeFi protocols, smart contracts, and will now bring high speed to the already interoperable and scalable environment.
https://twitter.com/NALAp20/status/1918816519267426407
Cardano always aimed to be a truly decentralized system. As we can see from the post above, Hoskinson comments saying that "it's about time that we get to enjoy being the fastest cryptocurrency on the planet. I love the fact that we never compromised our rigor. We decided to be the tortoise, and we're going to win the race because of it". Indeed, Cardano’s slow and steady approach is putting the project on a pedestal, will this be the year of ADA?
