It appears Cardano (ADA) is coming up short following last week’s bullish rounds.
Bitcoin broke the $5,000 mark following several months in the doldrums. The currency had fallen to the mid-$3,000 range in late November 2018, and hung there until early April, when it jumped by nearly $1,500 in just a few short days. Many believed the bear rally over and had high hopes for what bitcoin could do.
Cardano’s Bull Run: Short-Lived?
In addition, the currency saw itself joined by several of its crypto-cousins, such as Ethereum and Litecoin. Ether tokens were trading for well over $174 each, while Litecoin is alleged to have jumped by over 200 percent in a single week. The currency broke the $80 mark, then spiked to $87, $90 and finally $100 respectively. Between the currency’s latest partnerships and a little attention on Twitter from the likes of Mike Novogratz and Charlie Lee, Litecoin has undergone a few surges of its own.
Cardano, on the other hand, is a different story. While the…
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