Krutika Adani
After struggling to recover in the current year, ADA has now lost almost all of its bull market gains.
Further, it has sunk to the 11th rank as per market cap rankings. This clearly shows there is only a slim chance that ADA might perform well this bull season.
Fundamentally ADA has a very robust blockchain but it suffers badly from low adoption rates.
ADA’s technical charts show that it has ended its downtrend and now lies in a neutral zone. An alt rally could prove beneficial for it.
ADA might recover its lost levels in the near future. However, its recovery depends a lot on its adoption rates.