#cardano #SquareBinance
Bygone may not be bygone
In the same month of 2023, altcoins like Cardano were not completely out of the depression phase. However, 2021 was different as the token price rose 13.7%.
But there was a difference, given that the market was in a bull cycle at the time. Many altcoins have achieved incredible numbers this year. However, ADA was one of the top 10 brands that struggled.
As of this writing, ADA has changed hands at $0.65. On a year-over-year (YTD) basis, this was up 4.48%. For many market participants, the current phase of the market marks the beginning of a bull cycle. So will Cardano choose to repeat 2021 in future years?
According to AMBCrypto's on-chain analysis, active addresses when Q2 2021 began were in the hundreds of thousands. There was such a case in 2022. However, 2023 was slightly below the other two
