Crypto Community Shares Its Thoughts On ETH’s Impact On ADA PlatoAiStream Data Intelligence. Vertical Search. Ai.

Crypto Community Shares Its Thoughts On ETH’s Impact On ADA

  • It is probably the most bullish catalyst for ADA when ETH breaks all time highs.
  • Some believe ETH will lead the next bull run in the crypto market.
  • ADA is down by more than 14% over the last seven days.

The well known crypto news and opinion platform, Altcoin Daily, took to Twitter early on December 18 to start a conversation about the effects of Ethereum (ETH) on Cardano (ADA).

The post specifically posed the question to Cardano fans, and asked  why the Cardano community likes to “dunk” on Ethereum so much if it is probably the most bullish catalyst for ADA when ETH breaks all time highs.

Naturally, this sparked a debate in the comments of the post with some crypto fans agreeing with Altcoin Daily’s opinion while others took on a neutral position. Some even stated that they believe ETH will lead the next bull run in the crypto market.

On the other hand, Cardano fans did not like the sound of this with some commenting that ETH’s price has nothing to do with ADAs performance. One commenter even went as far as to say “ I want ETH nice and strong right before ADA bleeds it dry”.

Ethereum / TetherUS 1D
Ethereum / TetherUS 1D Source: CoinMarketCap

CoinMarketCap indicates that ETH is currently trading at $1,187.54 after a 0.56% increase in price over the last 24 hours. The altcoin is, however, still in the red by more than 6% over the last week.

Cardano / TetherUS 1D
Cardano / TetherUS 1D Source: CoinMarketCap

ADA is also in the green for the day so far after a 1.63% increase in price to now trade at $0.2679. ADA is also still down by more than 14% over the last seven days. ADA’s 24 hour trading volume is also in the red zone and now stands at $231,041,613 after a more than 50% decrease.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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