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What Cardano, Polkadot’s opposing price actions mean going forward
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With Bitcoin gaining momentum as it closed in on its ATH, several altcoins seemed to shy away from gains. On the contrary, Polkadot recorded a rally of almost 15% in less than three days. The same came on the heels of the parachain auction launch announcement by Founder Gavin Wood.
Now, a previous article had highlighted how ahead of highly-anticipated upgrades, altcoins tend to see rallies fueled by highly positive social sentiments. Ethereum and Cardano’s trajectories noted something similar too. However, as anticipation died down, the prices consolidated and waited for more hype to pump the tokens.
Notably, DOT too had lost much of its momentum at press time.
However, that wasn’t the only thing that both DOT and ADA had in common. In
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