$ADA becoming even stronger during the bear market and hitting a new local high
displays signs of independence from the broader market. This decoupling from major cryptocurrencies like Bitcoin and Ethereum highlights the growing strength of Cardano as an individual asset. With a unique price trajectory and an uptrend that has persisted for more than a month, ADA has shown a remarkable ability to rise even as broader market trends subside.
In the last two days alone, Cardano has experienced an 11% increase in its price, further solidifying its status as a standout asset in the crypto market. This decoupling is noteworthy, as it indicates a maturation of the Cardano ecosystem, with investors placing their confidence in the project's long-term potential and utility.
Recent data suggests that Cardano's decoupling is not just a fleeting occurrence. Over the past five months, addresses holding 10,000 or more ADA have collectively accumulated 1.03 billion coins, representing a 3.3% increase in holdings.
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