If $BTC slows down, $ADA's bull rally is next
Bitcoin did a strong upwards impulse this week and as on other occasions the rest of cryptocurrencies didn't move to much, this is because people sold their altcoins in order to buy BTC. If Bitcoin calms down a bit next week, I'm expecting demand to come in other big cryptocurrencies that are still cheap.
ADA is one of those big cryptocurrencies that didn't move to much after BTC's rally. ADA is still extremely cheap in comparison with other similar cryptocurrencies such as ETH, taking into account that Cardano has been the crypto project with the fastest grow during the last months and is clearly outpacing Ethereum in terms of development while ETH's market cap is still x12 bigger than ADA's.
So, as soon as BTC starts lateraling and turns boring, I'm expecting demand to start entering ADA and thus ADA to start a significant bull rally.
ADA is one of those big cryptocurrencies that didn't move to much after BTC's rally. ADA is still extremely cheap in comparison with other similar cryptocurrencies such as ETH, taking into account that Cardano has been the crypto project with the fastest grow during the last months and is clearly outpacing Ethereum in terms of development while ETH's market cap is still x12 bigger than ADA's.
So, as soon as BTC starts lateraling and turns boring, I'm expecting demand to start entering ADA and thus ADA to start a significant bull rally.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.