Excitement flows throughout the industry as bitcoin hits $12,000, but how is Cardano performing?

• Over the past week or two, the crypto markets have been experiencing some extremely bullish activity. 
• Earlier today, bitcoin was valued at $12,000 which has seen many people wonder if we’ll ever see below $10,000 ever again. 

Over the past week or two, the crypto markets have been experiencing some extremely bullish activity. Earlier today, bitcoin was valued at $12,000 which has seen many people wonder if we’ll ever see below $10,000 ever again. 

Whereas that remains to be seen, many alternative cryptocurrencies are also acting bullish with a promising future ahead of them. Cardano is just one of his currencies that seems to be coming back and preparing itself for a critical test as the capitalisation of the market increases.

At its current level, Cardano has been strong however a rebound restrained at $0.14. The prices increased after the weekend and many people are believing that this move will gain attention from new eyes and bullish activity that could result in a short-term high for the currency. Furthermore, this would allow the coin to catch up with some of the higher coins right now.

Hype is quite high right now within the industry as the leading Cryptocurrency sparks above $12,000 but that doesn’t mean it’s going to stay there forever. The dominance of bitcoin, according to some investors, is on the breaking point and its price is in a Purgatory below $12,000 with its dominance hanging on by a thread. If the dominance of bitcoin hits 50%, many analysts believe that there is a doomsday of sorts to occur in the alternative market.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!