• Bitcoin and Cardano enthusiast is pleased to see ADA continues sideways. 
• The expert says that ADA is in a steady sideways movement.
• As a revenue-generating token, he says that ADA is a good coin to hold in bearish times.

Cardano and its native token ADA continue to draw attention as the crypto market moves through the final week of the first month of the New Year. Among the many popular altcoins in the space, Cardano’s ADA remains one of the most bullish. A Bitcoin and Cardano enthusiast is pleased to see ADA continue its sideways movement at a steady pace, he expects a steady climb up for ADA price.

Bitcoin and Cardano Enthusiast Is Pleased to See ADA Continue Sideways

The Cardano blockchain currently holds a lot of respect, after years of receiving hate from the crypto community. As of the previous year, the ecosystem proudly holds the title of being the only truly decentralized blockchain in the space. This title was earned after about a decade of slow and dedicated building, a feat that was promised by its Founder, Charles Hoskinson, before the project began to develop. 

Hoskinson received a lot of criticism for his slow building of the Cardano blockchain. Yet, he stuck to his roadmap and has now delivered a blockchain that is secure, transparent, truly decentralized, infinitely scalable, and rivals promising blockchain in terms of capability and speed. With the launch of its Midnight Sidechain, Cardano also offers privacy and anonymity, making it a truly formidable chain. 

The blockchain has also hit multiple milestones since the last bull cycle and has even cemented some powerful partnerships, further boosting its name and capabilities. Both Hoskinson and Cardano passed an audit, clearing the path for an even brighter future. Having proven their integrity, their partnerships have only grown stronger, creating greater collaborations between industry names like Bitcoin and Chainlink.   

ADA Sideways Movement Continues at a Steady Pace

But despite all its success and accomplishments, the price of Cardano (ADA) failed to reclaim its previous ATH at the $3 price range. In fact, the price of ADA has been trading under $1 since the entire bull cycle, leaving ADA holders disappointed and practicing infinite patience in hoping that the success of the blockchain will reflect in the price of ADA soon. On this matter, seasoned analysts and long-term ADA traders remain confident. 

As we can see from the post above, this seasoned Bitcoin and Cardano analyst says that he is pleased to see ADA price ping-ponging between $0.3 – $0.4. He added that with BTC really not getting any significant traction here, one assumes the bear market has begun. He says that survival is key, and in the case of Cardano and Cardano native tokens, one must stick to revenue-generating tokens or focus on assets with future partnerships.