Cardano steers to play catch-up with Bitcoin and other soaring altcoins
a significant lag when compared to Bitcoin and the other top-ranked altcoins. Riding on the broader market influence, Cardano buyers have woken up and are now accumulating the digital currency in a bid to catch the unprecedented short-term rally being experienced on the market at this time.
At the time of writing, Cardano has added 7.82% growth over the past 24 hours to $0.3594, with weekly growth also showing impressive heights. Though this growth is stellar and a good foundational build-up for a token that has fallen by as much as 3% over the trailing 30-day period, it still lags behind the more than 16% daily uptick in Bitcoin.
In order to continually drag the price of Cardano in the short term, buyers must do all they can to intensify their buy-ups in the $0.33087 to $0.35033 range. This range, according to data from crypto analytics platform IntoTheBlock, is where close to 200,000 addresses are at the money.The intense buy-up at this range will help push the price of the asset, and combined with the broader fundamentals from the market, pick a new weekly high.
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