Cardano’s exchange-traded products have attracted $400,000 from institutional investors in the past week, contrasting the $978 million and $176 million outflows from Bitcoin and Ethereum respectively. Despite a 14.3% drop this year, Cardano has outperformed Solana and Ethereum.
Currently, ADA is nearing a critical resistance level at 0.730 USD. Analysts suggest that depending on market reactions to the Federal Reserve’s interest rate decision, ADA could either surge further or retrace.
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