ADA has been maintaining positive gains in value after experiencing massive growth in 2020. More investors are interested in the crypto token, and it is a good idea to keep an eye on the crypto asset.
Cardano blockchain has been dubbed as “Ethereum killer”, as it has the potential to overtake Ethereum. The recent upgrades of the decentralised proof-of-stake public blockchain and crypto project set the foundation for more use cases on the Cardano blockchain, such as non-fungible tokens, Stablecoins, and decentralised finance.
Although ADA’s market cap stands at $45 billion, which is still far away from ETH’s $256.08 billion, ADA prices have increased more than 500% since the beginning of this year. ADA began 2021 at $0.18 and was trading at $1.434 during the intraday.
The bear market thesis could be invalided if the increasing number of buyers outweighs sellers, and this may see the crypto climb to the $1.49 resistance zone. This holds some truth because there has been gaining interest in ADA, which results in it witnessing an uptrend.
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