It would appear most of the top cryptocurrencies – except for Bitcoin, Ethereum, and Litecoin – are going through a very positive spell right now. In the case of Cardano, its value has been on the rise for several hours now. Positive ecosystem developments tend to have such a positive effect, although the uptrend can easily be negated with negative pressure.
Every single time an altcoin tends to gain value, there is a genuine concern over this trend’s longevity. The year 2018 has been incredibly sour for Bitcoin, assets, tokens, and altcoins alike. As such, there is a genuine lack of confidence and expectations when it comes to altcoins rising in value. Cardano while still moving up, may fall into that same category in the coming days.