Cardano sees highest positive sentiment in 2024 despite 47% slump in five months

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Cardano records a resurgence of bullish sentiments despite persistently underperforming in comparison to the broader market.

This uptick in sentiment is particularly notable given the broader market context. The crypto market is showing signs of recovery, with Bitcoin (BTC) reclaiming the $61,000 price mark, which has bolstered optimism across major cryptocurrencies. 

Despite recently dropping out of the top 10 list of largest assets, Cardano (ADA) is one of the biggest beneficiaries of this optimism. Per Santiment, Cardano’s weighted sentiment score is at an impressive 1.69, surpassing other major assets like BTC and Ethereum (ETH).

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