Published
2 years ago on
October 05, 2021
Bitcoin (BTC/USD) was 12 percent up and Ethereum (ETH/USD) was 10% also in the green compared to last week’s close - while Cardano native token ADA (ADA/USD) was trading at exactly the same level as it was when the last week begun. There was that breakthrough Cardano Summit that brought us a host of new announcements, partnerships and altogether more than 40 speeches on the last weekend of September and immediately after it finished, the CEO Charles Hoskinson has gone on his holiday (when he returns, he will be visiting many African countries in his quest to get his blockchain widely adopted). It might seem like the price action of Cardano has gone on holiday also, or at the very least it decided to kind of stay idle and take a well-deserved rest after a busy month of breaking the ATH above $3 and subsequently getting a correction all the way down to below $2.
Currently the 3rd biggest cryptocurrency by marketcap ($71B according to coingecko.com) is trading around $2.20, its price action stuck right between the 50 and 100MA.
