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Cold humor captures the mystery behind the rise of ADA.
Yesterday, ADA performed reasonably well, rising slightly to 0.82, with an increase of 1.86%. Although the market seems quite spirited, the actual underlying reasons are somewhat ambiguous. Strike Finance plans to launch Bitcoin Perptual Futures on Cardano, but the market's reaction has been lukewarm, with only 62 likes and 14 shares, indicating insufficient spread. Even though CoinMarketCap gave the community sentiment a high ranking, the lack of specific triggering events makes it appear somewhat blindly optimistic.
Ultimately, the pump of ADA still makes us feel somewhat uneasy. Although there is good news on the news front, the interaction volume seems not to match the market's enthusiasm. The market still needs more solid evidence to solidify this optimistic sentiment, and I remain vigilant to avoid becoming one of the "cut" chives. Retweeting does not equal perfection; caution is fundamental.