It's interesting to see ada holders making some good profits while bitcoin holders experiencing impermanent loss.
Ada reached its all time high today with $2.15 sharply around 11 pm in the morning IST 15th May 2021. Ada is 15% up in the last 24 hours. Where as bitcoin is down to 5% in the last few hours. Also bitcoin fell down below $50k.
No one knows the exact reason why bitcoin is falling, some people say it's because of Elon Musk tweets about fuel Burned as energy to produce Bitcoin in mining. It's good to see Elon is concerned about the environment.
It's all because of the panic sellers and short term traders that's selling bitcoin everytime a bad news about bitcoin comes out.
Irrespective of the market crash Ada is growing continuously to its all time high. It seems like ada is a stable coin and does not depend on bitcoin market crash. Price might go low because of short term traders, ada might become more stable coin for investments in the future.
Panic sellers sell their crypto, where as long holders and whales make all the profits, #proofofbrain . I personally do not own any ada as of now but I'll buy some soon since it's one of the hottest coins on the market right now.