Saad Ullah
Cardano (ADA) grabbed 55% of votes in a crypto sentiment poll, leaving XRP in the dust even as ADA's price took a beating with a 12.6% weekly drop.
ADA (Cardano) Wins Big in Community Poll
A poll by TheBlockchainMedia on X got crypto folks talking, and Cardano came out swinging. The poll asked users which coin looked most bullish from four options: Hedera (HBAR), Algorand (ALGO), XRP, and Cardano (ADA).
When Cardano founder Charles Hoskinson jumped into the conversation, the poll had racked up 7,027 votes with 21 hours still on the clock. ADA was absolutely crushing it with 3,880 votes - that's over 55% of everyone who voted. Pretty wild considering ADA just got hammered with a 12.6% drop this week and lost 17.93% over the past month.
What's crazy is that people still believe in Cardano despite the recent beatdown. It shows crypto traders aren't just looking at today's prices - they're thinking bigger picture. Meanwhile, XRP only managed to grab about 20% support with 1,419 votes, which is pretty surprising given how well it's been holding up lately.
Charles Hoskinson saw the poll results and just called it a "nice poll." That's it. Classic Hoskinson - keeping things low-key when his project is winning. You can bet he's probably pretty stoked about the community backing, even if he's not showing it.
Cardano (ADA) Price Action Shows Mixed Signals
Right now, Cardano (ADA) is sitting at $0.5975 after dropping another 1.03%. But here's the thing - trading volume is still pumping at $761.16 million, up 25.47% in 24 hours. That's actually pretty bullish.
High volume during a price drop usually means two things are happening. Some people are taking profits and cashing out, while others might be buying the dip. Once all the sellers are done dumping their bags, ADA could be ready for a comeback.
The technical setup is getting interesting too, especially with how Cardano's Bollinger Bands are shaping up. If the poll is right about people being bullish on ADA, we might see that sentiment translate into actual price action soon.
Saad Ullah
