For several years now, Cardano has been a top 10 cryptocurrency.
And despite its major growth to a $3.09 ATH in the second half of 2021, Cardano has still largely been influenced by Bitcoin. Every coin has.
Even as the Cardano network – and other third-gen PoS networks (i.e. Solana) – have far more utility than BTC and cost far less to use than, say, Ethereum and ETH-based coins, ADA still isn’t the crypto standard.
It’s part of it to be sure, but only a small part.
Cardano simply isn’t the tide that raises all boats (yet), but – barring a LUNA-like collapse – it’s not going to crash appreciably harder than anything else in its range, either.
It’ll usually go up and down with the other coins in its range.
That being said, over the last few weeks, Cardano has been steadily outpacing all the other big players on the crypto leaderboard – including Bitcoin!
While we’re naturally delighted by this, we’ve also been a little burned by how quickly the ADA price has climbed in comparison to other assets of interest.
It feels like we’ve been checking our exchange app every 15 minutes for the last week and change to pounce when the price of Cardano drops back down to $0.55.
And, of course, we keep getting hosed.
Right now, ADA is trading at $0.66 per, and our “losses” keep mounting.
Yes, we want Cardano to skyrocket sooner than later (that retirement isn’t going to fund itself!), but is it too much to ask to see a 15% dip in the next 24-48 hours before the inevitable liftoff?
At any rate, here’s how ADA has been performing over the last 10 days (i.e. since May 30) compared to the other top 20 non-stablecoins:
- Bitcoin (BTC) – $30,397.33 > $30,499.36 = +0.36%
- Ethereum (ETH) – $1891.51 > $1811.78 = -4.22%
- Binance Coin (BNB) – $320.14 > $292.60 = -8.60%
- Cardano (ADA) – $0.5193 > $0.6585 = +26.81%
- Ripple (XRP) – $0.4029 > $0.4024 = -0.12%
- Solana (SOL) – $45.65 > $39.82 = -12.77%
- Dogecoin (DOGE) – $0.08481 > $0.08024 = -5.39%
- Polkadot (DOT) – $10.39 > $9.13 = -12.13%
- Tron (TRX) – $0.08299 > $0.08091 = -2.51%
- Avalanche (AVAX) – $27.73 > $24.61 = -11.25%
- Shiba Inu (SHIB) – $0.00001169 > $0.00001074 = -8.13%
- UNUS SED LEO (LEO) – $5.1505 > $5.28 = +2.51%
- Polygon (MATIC) – $0.6268 > $0.6157 = -1.77%
- Cronos (CRO) – $0.182 > $0.178 = -2.20%
- Litecoin (LTC) – $65.48 > $62.39 = -4.72%
- Chainlink (LINK) – $7.0102 > $8.60 = 22.68%
- FTX Token (FTT) – $28.48 > $28.20 = -0.98%
- Uniswap (UNI) – $5.3525 > $5.19 = -3.04%
- NEAR Protocol (NEAR) – $5.6782 > $5.22 = -8.07%
- Stellar (XLM) – $0.1371 > $0.1422 = +3.72%
Of course, in the short term, what goes up must come down. So here’s hoping for only the briefest of dips.
After that, we’re just going to delegate the ADA stash, set it, and forget it for another year or so.