Thanks to regulatory uncertainty around Ethereum $ADA is able to gain some traction against $BTC and even USD
Despite the mild recovery we saw on the cryptocurrency market only a day ago, most digital assets remain in the red. Bitcoin has lost 14% of its value during one week of trading, which, however, is not a number that experienced crypto traders are afraid of.
The price performance of one of the most notable assets on the market against has been more than successful in the last few weeks and even months. The main reason behind it is the upcoming Vasil hard fork and the questionable future of Ethereum that switched off the PoW mechanism for good.From a technical standpoint, Cardano is also showing a prominent price performance, gaining over 8% to its value in the last seven days. At press time, it is breaking the upper border of the ascending triangle for the third time this month.. The cryptocurrency lost over 60% of its value since the ATH and has not had a chance to recover, especially with the market conditions we have lived through in the last few months.Cardano also shows that it is not only rallying against Bitcoin but is also showing a better-than-average performance against the United States Dollar despite its strengthening against a bracket of foreign currencies.Another important factor is regular lack of clarity around
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