- Altcoin ADA remains the only green token during crypto market dump.
- This gave Cardano rank 1 as the top trending token.
- Analysts expect ADA price to move in a bullish upward trend soon.
The crypto market experienced a fall over the last 24 hours as the price of BTC tumbled from a new $124,000 ATH to $119,000. In response, the rest of the crypto market fell as well, with the price of ETH falling from $4,700 to below $4,500. Amidst this dip, all altcoin prices fell in a sea of red, except Cardano’s ADA. To highlight, ADA remains the only green token during the dump, giving Cardano rank 1 as the top trending token in the market.
ADA Remains the Only Green Token During Dump
The crypto market saw billions liquidated in a few hours because Bitcoin failed to break past its latest new ATH price, and instead sank back to below $120,000, going as low as $118,000. Similarly, the price of ETH fell from the price of $4,700, so close to reclaiming its previous ATH price of $4,800, and sank all the way to below $4,500. However, ETH recovered to $4,600 levels, showing greater strength over BTC.
This fast recovery in ETH price is a bullish sign for altseason’s peak phase. In fact, it is an overall good sign for all altcoins to follow Ethereum’s lead and retake their last ATH record and surpass it to enter the price discovery phase and finally set a string of new ATHs of their own, much like Bitcoin (BTC) has been doing so far in the ongoing bull cycle. Amongst the many bullish altcoins in the market, one of the top assets with high expectations is Cardano’s ADA.
As we can see from the post above, the image in the post shows that while the entire crypto market was in red, one asset remained green, despite the market dipping. This shows that the asset is Cardano’s ADA, and that the price of ADA stayed strong despite the rough waters. With ADA still in green, the atcoin barely saw a dip in prices, unlike other altcoin assets, making ADA a highly bullish investment for altseason.
According to CoinMarketCap analytics, the price of ADA recently reclaimed the $1 bull target and slipped slightly to the $.094 price range. Currently, it boasts a total market cap of $33,739,409,229.14 with a 24-hour trading volume of $5,224,904,113.91. The altcoin is also just under a 70% pump away from reclaiming its previous ATH price of $3.1, an event most traders believe will arrive soon.
Cardano’s ADA Ranks 1 as Top Trending Token
The Cardano ecosystem has made several progressive upgrades since the last bull cycle, making ADA one of the most promising altcoins to pump and hit new ATHs during the bull cycle’s altseason phase. As we can see from the post above, Cardano’s ADA ranks number 1 as the top trending token in the world. Analysts and traders are hoping to see the blockchain’s success reflect on the price of ADA soon.
