Cardano (ADA) simply did one thing it hasn’t achieved in a very long time — crossed the $1 mark. This rally got here after the announcement that ADA was included within the proposed U.S. Crypto Strategic Reserve, a transfer that despatched shockwaves by the market. However earlier than you rush to purchase ADA simply because it’s within the information, ask your self: Do you really perceive Cardano? Or are you simply chasing inexperienced candles?
The information of a possible U.S. crypto reserve, which might maintain Bitcoin, Ethereum, XRP, Solana, and Cardano, sparked a recent wave of shopping for. ADA, which had been struggling to interrupt out of its vary, all of the sudden discovered itself on the transfer, gaining over 50% in simply days.
However right here’s the arduous fact: Cardano has been within the highlight earlier than, and it hasn’t all the time delivered. Whereas tasks like Solana have seen large adoption and DeFi growth, Cardano has spent years making guarantees and delivering slowly. The tech could also be stable, however the execution? That’s one other story.
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