As the top three cryptocurrencies continue on their recovery, Bitcoin appears to be showing more impressive momentum than ETH and ADA.
As the cryptocurrency market is showing recovery in a bid to recover from the losses experienced in the past week, the rate of performance of the top three cryptocurrencies by market cap is not aligned. While each of the coins including Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) have their own personal fundamentals, the market dynamics for all differ slightly.
In the prior week, the market recorded a crash in tandem with a massive dip in the price of Bitcoin. Ethereum respected the correlation, while Cardano recorded bullish behaviour, which drove its price to new highs above $1.48.
The market is largely in a better position this week, although the crypto market has been riddled with volatility. The hurdle to returning to price levels before the week-long crash has been daunting with significant pull-backs seen from the three digital…