Cardano has maintained its position in top 10 cryptocurrencies by market capitalization
The Cardano community continues to hold on to a positive outlook for the network to have a “best day” ahead. A Cardano-focused Twitter account ada whale Bear has gone on to make astonishing predictions of what could happen to the network once the market ends.
ADA whale predicts that in the next bull run, the best DeFi trading platform will be on Cardano. Additionally, he foresees that the biggest book NFT platform backed by well-known companies in publishing would be on Cardano, as well as a fast-growing mobile network and the biggest DID project.
He says that Cardano has faced both “bull and bear” situations, so he is confident of making such predictions.
Cardano has maintained its position in the top 10 cryptocurrencies by market capitalization for the last seven quarters, according to an infographic released by Cardano Daily. This remains an achievement in both the bull market of 2021 and the bear market of 2022.
negative sentiment is on the rise
Cardano fan and founder of Crypto Capital dan gambardello There are claims that many people are abandoning cryptocurrencies, especially on Cardano. He stressed that even though this season probably presents the most opportunity, this social sentiment data point should be taken into account. This is necessary because the negative sentiment is a comparable data point to the lows of the previous bear markets.
Before this, Gambardello predicted that the bear market may be in its latter stages and that Cardano will thrive during the ensuing bull market. The ADA price has underperformed this year owing to the prevalent bearish market conditions. At the time of publication, Cardano (ADA) was changing hands at $0.368, down 3% in the last 24 hours.
In positive news, the Cardano DEX Sunday Swap has marked a historic milestone in its expansion journey with its recent Hydra implementation.
