Compass Investments

– Cardano (ADA) has regained lost ground, overtaking Stellar (XLM) and climbing to 13th place in a short period of time.

ADA is now just one spot away from overtaking Zcash (ZEC).

Just recently, Stellar completely surpassed Cardano after a sharp 76% surge over seven days. This happened after Wall Street clearing giant DTCC announced plans to partner with the Stellar Development Foundation on tokenization.

However, the situation has changed dramatically over the past day: over the last week, ADA has shown significant growth of 30% . LINE_BREAK According to data provided by the blockchain company Santiment, the immediate catalyst for Cardanos sudden price surge was a strong trend of decoupling from the broader market.

Last month, the asset experienced a peak in FUD (fear, uncertainty, and doubt), fueled by a historic price drop to levels not seen since 2020.

Public concerns expressed by founder Charles Hoskinson only added fuel to the fire.

CME launches futures for Cardano (ADA) and Stellar (XLM): Are XRP and Solana (SOL) losing their edge with institutional investors?

But this panic created an accumulation zone for contrarian buyers.

The Cardano network saw an impressive increase of 14,783 new, non-empty ADA wallets, which also contributed to the price recovery mentioned above.

Cardano founder Charles Hoskinson recently stated that key development teams are working nonstop and have no plans to slow down. He acknowledged that the cryptocurrency market has not yet reached the desired level, but confidently emphasized that conditions are infinitely better than in 2018.

Midnight is designed to provide deep interoperability through initial support for the big seven leading first-tier ecosystems: Bitcoin, Ethereum, Cardano, Avalanche, Solana, BNB, and XRP. If you represent one of these ecosystems, youre welcome at Midnight, Hoskinson noted.

In a surprise announcement, Hoskinson confirmed that Solana-based meme tokens will be 100% tradable directly within the Midnight ecosystem.”,”detected_source_language”:”RU