My people! Attention, attention! 📢 If you were worried about Cardano (ADA) and its position in the top 10 cryptocurrencies, you can breathe easy! It seems ADA is in 'I’m not moving from here' mode and is showing a resilience that has us all amazed. 🤩

Just a few days ago, things were a bit tense for ADA. Last week, it couldn’t break the resistance of $0.68, and it even dipped to $0.61 on June 5th! 📉 To make matters worse, the famous 'whales' of Cardano, those investors with the fattest wallets, sold off more than 270 million ADA coins in a week. That was a huge 'scare' for many who thought ADA was going to crash to secure profits! 😅

But as the saying goes, 'after the storm, the sun always comes out.' ☀️ And the sun shone for Cardano this Sunday, June 15th, as if nothing happened! The price of ADA moved between $0.63 and $0.64, and at the time of writing this, it’s already at $0.645, a 3.1% increase from the previous day! What madness! 🎉

The most impressive thing is that the daily trading volume of ADA shot up by 25.7%, reaching an impressive $471.9 billion. 🤯 This tells us that there are a lot of people interested in buying ADA and that confidence in this asset staying among the top 10 by market capitalization is stronger than ever!

What’s happening with ADA for this 'bounce'?

Well, here’s the key to the move:

  • The Bitcoin Effect: As always, when the father of cryptocurrencies, Bitcoin (BTC), is doing well, the other cryptos follow suit. BTC rose by 1.9% and reached $107,131, which gave a huge boost to the entire market, including ADA! 🚀

  • The Cardano ETF is Coming! This is the juiciest gossip. Bloomberg analysts have raised the probability of a spot Cardano Exchange-Traded Fund (ETF) being approved to 75%! 🥳 If that gets approved, it would be a game changer for ADA and give it a brutal status in traditional financial markets!

  • The Cardano Ecosystem Doesn't Stop: Besides all this, the Cardano ecosystem has been on fire. It now has more than 2004 active cryptocurrency products based on its smart contracts! That means there are a ton of projects and applications being built on Cardano, attracting more users and adding more value. 🛠️

So, my dear ones, Cardano (ADA) has not only recovered but is also showing that it has the drive and support to stay in the top. Let’s keep a close eye on it!$ADA $BTC $ETH