ADA price surges, is it an opportunity or a bubble? Find out in one article!
In the past 24 hours, altcoins generally rose, and ADA soared 10%, approaching the $1 mark.
People wonder whether this is a real breakthrough for ADA or just a speculative bubble. ADA's previous performance was out of touch with the market, and Bitcoin holders were not interested, resulting in its poor performance.
At the beginning of the new year, the market rebounded, ADA followed the rise, and shorts were liquidated. But ADA still needs to cross the $1 threshold to attract new funds and investor interest. Many previous attempts have failed, and the lack of retail capital has frustrated ADA.
In contrast, XRP has performed more steadily. Although the withdrawal of 3.5 million ADA by large holders may drive recent gains, it is difficult for large whales alone to maintain the rise. Bitcoin's performance and investor confidence will determine whether ADA can hold $1. If not, the short-term rally may collapse quickly.
Cryptocurrency circle dry goods, click my avatar to follow me and learn more. Bull market 100-fold potential coin deployment and daily spot strategy sharing!
