Cardano $ADA following Ethereum's footsteps in bear market: ADA's performance aligns with Ethereum's path during 2020 bear market
Throughout the previous bear market, Bitcoin dominance increased from approximately 35% to a whopping 73%, largely as a result of the market's flight to the perceived safety of the crypto heavyweight. However, in the last 25 months, the dominance of Bitcoin has only risen from about 39% to 49%, revealing a different pattern this time. This seems to indicate a shift in the crypto landscape, leaning toward a multi-chain future where several blockchains coexist and thrive simultaneously.
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 and is still well above the 2020 lows
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardano (ADA) Ticks Green on Key Growth Metrics, What's Next?Cardano has recorded positive upticks in its price and trading volume as revival spreads
Read more »
XRP, Cardano (ADA) Trading Given Green Light in Indonesia: DetailsXRP, Cardano (ADA) among tradable cryptos in Indonesia ADA $ADA $XRP XRPArmy XRPCommunity CardanoADA
Read more »
Shiba Inu (SHIB) Outperforms Cardano (ADA), XRP and Other AltcoinsShiba Inu (SHIB) bucks the trend by outpacing other leading altcoins including Cardano (ADA) and Ripple-affiliated XRP, according to data from CoinGecko
Read more »
The new frontier: Cardano founder Charles Hoskinson goes hunting for aliens and UFOsIn his latest adventure, Charles Hoskinson supports the Galileo Project, exploring the mysteries of space debris and potential signs of extraterrestrial technology.
Read more »
Bitcoin (iBTC) on Cardano Depegs, Here's What Happened$BTC on the Cardano network experienced a brief depeg from the main asset, and some experienced traders took advantage
Read more »
Wildly Imaginative Pence 'Hoped' Trump Would 'Come Around' and Accept 2020 Election ResultsDespite years of experience with him, Trump’s former vice president claimed he still held out hope that Trump would accept his electoral loss
Read more »