hey everyone and thanks for jumping back into the cryptoverse today we're gonna talk about cardano and it's native token ada if you guys like the content make sure you subscribe to the channel give the video a thumbs up and also check out the telegram channel which you can find a link to in the description below remember to go check out the itc NUMBER_TOKEN stake pool if you would like to earn interest on your ada if you're unfamiliar with how to earn interest on your ada go to staking into the URL_TOKEN i'll put a link to that in the description below you just come down here you click on cardano and there is a video on how to earn interest on your ada let's go ahead and jump in what is going on with as we've called it right as we've called it the racehorse of the market cycle what has been going on the last few weeks so let's actually switch this over to a chart that has a little bit more history and what you'll notice is we've come back up to the same area that we were at back in may okay so we had our you know our lull in the market we've moved back up now what is the prior all-time high for ada well it's around NUMBER_TOKEN okay i mean it's approximately NUMBER_TOKEN maybe a little bit above it it depends on what exchange you use to be completely honest but it's around NUMBER_TOKEN or so so this you know will be a pretty important level in the event that we can break it because at that point ada goes into price discovery right and ada hasn't been in price discovery in in a few months it hasn't been in price discovery since may so getting back above those levels would be kind of interesting to see where is the next accumulation zone so one of the reasons i really like ada is i mean i i you know it's it's a hedge against ethereum i you know i think uh having some hedges is a great thing uh it's a hedge against ethereum and it also has shown nothing but strength this bull market i mean it has outperformed so many different other cryptocurrencies not only not only did it has is it making a move back to its all-time high this move here a lot of coins did not experience this final move that ada did where it went from its accumulation range up to a new local a new all-time high and then when bitcoin kicked the bucket ada just went back down to the accumulation range it was in you know it didn't actually go all the way back down to you know it never went back down to these levels down here okay it never went down to these levels and there's a lot of people calling for a NUMBER_TOKEN or NUMBER_TOKEN ada you know it never went down to those levels and it continues to show the utmost strength i would say for a lot of the all coins i mean look at this what you know what more could you really ask for i feel like with it with an altcoin that is showing this amount of strength and the reason i say that is not to say that it has to put a new all-time high now because it doesn't if bitcoin goes back down we know ada
START_SELFPROMO_TOKEN if you guys like the content make sure you subscribe to the channel give the video a thumbs up and also check out the telegram channel which you can find a link to in the description below remember to go check out the itc NUMBER_TOKEN stake pool if you would like to earn interest on your ada if you're unfamiliar with how to earn interest on your ada go to staking into the URL_TOKEN i'll put a link to that in the description below you just come down here you click on cardano and there is a video on how to earn interest on your ada END_SELFPROMO_TOKEN