Is Cardano finally catching up with Bitcoin, Ethereum’s uptrends
The last few days have been quite rough for Cardano. Just recently, ADA lost its third position on the rankings board to BNB. Since then, its price has mostly continued to shed value.
Bitcoin and Ethereum, on the other hand, have registered upticks of 12%-16% in the last 7 days alone. Given the low correlation that Cardano shares with the market’s large-cap alts, the recent ‘negative’ reaction on its price charts comes as no surprise.
Nevertheless, quite a few intriguing trends have been observed of late, opening the doors for a price-trend reversal.
Traders’ interest with respect to Cardano has evidently been picking up. The OI value, at press time, was already at its one-month high level [$747.33 million], underlining the brewing speculative
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