📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
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🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
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In the current cryptocurrency market, ADA (Cardano) exhibits a unique charm. Although most digital assets are showing a falling trend, ADA stands out, maintaining an upward momentum. Analyzing the investment value of ADA, we discover some interesting phenomena.
After Bitcoin reached a new high, among the top ten mainstream cryptocurrencies, only Ethereum (ETH), Dogecoin (DOGE), and ADA have not yet surpassed their historical highs. Notably, Binance Coin (BNB) and Ripple (XRP) have already set new highs, while Solana (SOL) has also reached a new peak due to special events.
From a technical perspective, both ETH and ADA are facing monthly level pressure. ETH has successfully broken through the key resistance level of $4100, while ADA is still struggling to break through. However, ADA has shown strong performance recently, with its price action forming a converging triangle, which has now converged to the limit.
Considering that Bitcoin has completed its correction, the market generally expects that once Bitcoin resumes its upward momentum, ADA is likely to experience a significant rise. This potential explosive power of ADA makes it a focal point of interest for investors.
In the volatile encryption currency market, ADA's performance is remarkable. It not only demonstrates strong resistance to fall but also stands alone in battle. Investors should closely monitor ADA's subsequent performance, as it may bring surprises to the market.