ADA Status Update
In anticipation for the Alonzo Smart Contract rollout, ADA has seen the second largest weekly inflows (10.1mn based on CoinShares weekly report) pushing it to all time highs (~101B Market Cap) over the past month. ADA has been performing well even during ETH's troughs as it is an alternative DApp platform to ETH. I expect to see a near-term pullback on ADA's price with the Alonzo roll-out since there has been a lot of anticipation around it, but after I see a dip to around ~72B Market Cap I will look for re-entry on ADA for the long-term play.
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