Don’t bet on ADA/BTC just yet

ADA has recovered already its loss in BTC terms from last week and it looks like it might be set to resume its upward trend. But ADA/BTC is well below its February high.

We’ve posted the following question to Hybrid Intelligence:

“The cryptocurrency Cardano (ADA/BTC) settled at 0.00002279 BTC at 10:02 AM UTC at the binance exchange on Monday, April 26. In your opinion, will ADA/BTC trade above 0.00002621 BTC (+15.0%) at any time before May 15?”
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Assurance: 58%

While it's somewhat bullish, this means that Hybrid Intelligence does not have a strong conviction about ADA/BTC.

The relatively low BTC dominance of about 50% is favourable for alts yet perhaps ADA shouldn’t be the primary choice for a short-term trade.