Cardano finally sees a lock, he appreciated 4.8%, reversing some of his losses from last week according to Coingecko.
Over the past seven days, Cardano is still down 12.1%, due to trading issues on major exchanges like Coinbase. Transfers to and from some exchanges have been disabled for a few trading days, but these issues appear to have been resolved.
The resolution of these issues, combined with the strong price action in the crypto market today, seems to be driving Cardano higher. Currently, the total cryptocurrency market has gained 2.9% in the last 24 hours, Cardano is seeing higher gains today.
Cardano Forest, a project of the Cardano Foundation, a non-profit organization linked to the management of the Cardano network, has officially planted more than a million trees. As a proof network, Cardano’s validation protocol is already one of the greenest in the world. By planting trees, Cardano sought to become a carbon-negative network, a goal that is closer to reality today than ever before.
Overall, Cardano’s investors have many reasons to be bullish today. Investors are able to trade ADA signals, and the overall cryptocurrency market sentiment is improving. Cardano is making great strides in becoming the fastest growing blockchain network glas “the planet.
Is it time to be bullish or bearish on cryptocurrencies?
The answer probably depends on the time horizon of each investor. As with any innovative technology, the growth of the cryptocurrency world will never be linear. In fact, digital currencies are likely to remain among the most volatile assets. So people who are reluctant may want to avoid this sector.
However, those with a slightly higher risk appetite can consider adding some of their holdings to cryptocurrencies like Cardano. This network contains a number of specific signal catalysts that currently look attractive. Over the long term, there is reason to believe that these catalysts may outweigh short-term instinctive market reactions on macro-catalysts. Of course, only time will tell.