ADA/BTC is worth watching! When will ADA finally outperform Bitcoin?
Many people watch ADA by looking only at its price in US dollars.
But I believe there’s another important indicator for judging whether ADA is truly starting to strengthen:
ADA/BTC.
This trading pair represents how much BTC you can exchange for 1 ADA.
Why does it matter?
1. ADA going up doesn’t mean ADA is actually getting stronger
If BTC rises 10% and ADA rises only 5%, then even if ADA’s price in US dollars has gone up, ADA is still weakening relative to BTC.
2. ADA/BTC is an important indicator for gauging the strength of altcoins
As of November 4, ADA/BTC was around 0.00000244 BTC, down about 7.2% over the past 7 days and about 29.7% over the past 30 days.
This means ADA is still relatively weak compared with BTC, so we can’t conclude based on ADA’s fundamentals alone that capital has already flowed back in.
3. What signals would be worth looking for?
I’d watch three things:
Whether ADA/BTC stops making sustained new lows.
Whether it breaks above the previous swing high on increased volume.
Whether ADA starts showing relative strength when BTC is stable.
If these conditions gradually emerge, there would be more reason to expect ADA to start outperforming BTC.
My take:
What makes ADA truly worth looking forward to isn’t just a rebound in its price in US dollars, but whether it can regain strength relative to BTC.
After all, in a bull market, what matters most isn’t whether the coin you hold has gone up, but whether it has performed better than the market.
Do you think ADA/BTC is currently bottoming out, or is it still in a downtrend?
$ADA #BTC #cadano
Many people watch ADA by looking only at its price in US dollars.
But I believe there’s another important indicator for judging whether ADA is truly starting to strengthen:
ADA/BTC.
This trading pair represents how much BTC you can exchange for 1 ADA.
Why does it matter?
1. ADA going up doesn’t mean ADA is actually getting stronger
If BTC rises 10% and ADA rises only 5%, then even if ADA’s price in US dollars has gone up, ADA is still weakening relative to BTC.
2. ADA/BTC is an important indicator for gauging the strength of altcoins
As of November 4, ADA/BTC was around 0.00000244 BTC, down about 7.2% over the past 7 days and about 29.7% over the past 30 days.
This means ADA is still relatively weak compared with BTC, so we can’t conclude based on ADA’s fundamentals alone that capital has already flowed back in.
3. What signals would be worth looking for?
I’d watch three things:
Whether ADA/BTC stops making sustained new lows.
Whether it breaks above the previous swing high on increased volume.
Whether ADA starts showing relative strength when BTC is stable.
If these conditions gradually emerge, there would be more reason to expect ADA to start outperforming BTC.
My take:
What makes ADA truly worth looking forward to isn’t just a rebound in its price in US dollars, but whether it can regain strength relative to BTC.
After all, in a bull market, what matters most isn’t whether the coin you hold has gone up, but whether it has performed better than the market.
Do you think ADA/BTC is currently bottoming out, or is it still in a downtrend?
$ADA #BTC #cadano
