New friends are asking about the SNEK/ADA trading pair and its performance.

First, literally speaking, 1 $SNEK = 0.00682 $ADA , the higher the SNEK/ADA, the more ADA SNEK can be exchanged for.

In other words, the main purpose for most people holding altcoins is to outperform BTC, so you are more concerned about the Alt/BTC trend, such as ADA/BTC; otherwise, it is more reassuring to hold BTC.

If your goal is to accumulate ADA, SNEK is one of the very few ecosystem tokens that can outperform ADA.

Secondly, SNEK/ADA also represents the consensus and confidence in $SNEK within the #Cardano ecosystem.

Last year, the lowest SNEK/ADA was around 0.0006, lasting for 4 months.

In the first half of this year, the lowest SNEK/ADA was 0.0015, and in the second half, the lowest was 0.0018.

A simple calculation shows that 0.0006 -> 0.0015 (+1.5x) -> 0.0018 (+2x); before the interest rate cut in September, the bottom for $SNEK has been getting higher, gaining more recognition over a year and a half.

Now SNEK/ADA is striving to break through the 0.007 mark, with over a 10-fold increase since the low, not counting the increase of ADA from its low to now, which shows the recognition and potential of the $SNEK narrative.

In summary, $SNEK is the best-performing leverage in this wave of belief $ADA .