Unlike most altcoins with rising volume, ADA has few catalysts to support an uptrend. Weekly and monthly growth rates negatively impact each other, so sentiment is susceptible. Whether the bulls will yield to the bears remains to be seen.
the overall ecosystem trend positions #Cardano as an important #digital currency. Compared to other chains, Cardano is now largely recognized for its technology and remains a high-performing coin. According to a recent survey of thousands of community users, it is perceived as an alternative protocol superior to Ethereum and #Solana .
this perception, #ADA continues to be a very attractive coin to the whales of the ecosystem. The digital currency is increasingly showing impressive growth for whales, and if this trend continues, it could spark a short-term rally.
It is notable that Charles Hoskinson, the protocol's founder, is not trying to increase its price or value. Rather, he is trying to spread the word about what Cardano, the technology, can do for communities. In line with this, Midnight Network's technology is moving forward, with new updates related to the launch of its own privacy network token.
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