Cardano Outperforms Ethereum and Solana in Key Performance Metric
Analyst Cardano Hieronymus claims that ADA has outperformed ETH and SOL over the last 12 months, supporting his assertion with charts from CoinMarketCap.
Key Points
- ADA has shown resilience despite a drop of 82% from its all-time high, while ETH and SOL have dropped around 50% each.
- In the past year, ADA is up 45%, whereas ETH is down 28% and SOL is up 1.78%.
- Current trading price for ADA is $0.5540, having declined by 1.86% in the last 24 hours.
- ADA must maintain support above $0.50 to keep bullish momentum; potential long-term target is $2.40.
- 24-hour trading volume for ADA remains strong at $600 million.
Investors are closely monitoring ADA's performance as it shows stronger price stability compared to its competitors.