While Bitcoin tends to dominate market movements, altcoins like XRP and Cardano have also shown signs of life, especially during Bitcoin’s recent upward surge. Early this year, Cardano made a notable jump, rising by 32% within the first six days. However, it then experienced a drop in line with the broader crypto market correction. Brian Q. from Santiment appeared on the Thinking Crypto podcast and opened up about the altcoin trends. 

Decreased Network Activity for Altcoins

One concerning trend across many altcoins, including Cardano, is the drop in network activity since early December. Transaction volume has decreased, meaning less investor excitement and institutional involvement. Though this doesn’t necessarily mean the end of the bull run, it does suggest that the initial rush of enthusiasm has faded for now.

Unique Coin Circulation Shows Promise

Despite the drop in network activity, Cardano and some other altcoins still show healthy signs of unique coin circulation. This could mean that a large number of distinct coins are being actively moved, which is a positive signal for the market.

Short-Term Bounce, Long-Term Caution

In the short term, there may be a bounce if Bitcoin stabilizes, as altcoins like Cardano could see some upside. However, the long-term outlook remains uncertain. Many altcoins, including Cardano and XRP, have had massive runs over the past year. This could mean some regression is likely, especially if Bitcoin’s price remains flat in the coming weeks.

The Need for Caution

While Cardano has had a successful start to 2025, it’s important to keep an eye on the broader trend. The market has seen strong performance across various altcoins, but it’s crucial to remain cautious in the long term. If Bitcoin doesn’t experience a significant rally to $150,000, altcoins may face some downward pressure as they cool off from their recent highs.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed