Recent surveys and polls among cryptocurrency communities have highlighted Cardano (ADA) as the leading altcoin favored by investors compared to notable competitors such as XRP, Hedera (HBAR), and Algorand (ALGO). One poll conducted by TheBlockchainMedia attracted nearly 10,000 votes, with ADA commanding approximately 60% of voter support, marking it as the most bullish altcoin in the survey.
The sentiment captured in these polls comes amidst a broader market context where most altcoins, including Ethereum (ETH), are still struggling to reclaim their previous all-time highs, while Bitcoin (BTC) continues hitting new record levels. Cardano’s founder, Charles Hoskinson, acknowledged the poll with a positive remark, calling it "a nice poll," suggesting community support and confidence in ADA.
Hoskinson also recently proposed a swap of 100 million ADA tokens for Bitcoin, a move that sparked some controversy but was defended on grounds that it wouldn't negatively impact ADA's price. Market experts remain optimistic about ADA's potential, noting that if it maintains price levels above key thresholds, it might experience upward momentum towards $0.85 and even $1.17.
In contrast, XRP's recent price performance shows a slight decline over the past week, trading at around $2.15 with modest daily gains. Meanwhile, ADA is trading at about $0.59 with a recent weekly decline, but market sentiment polls suggest a bullish repositioning in investor preference favoring ADA over other altcoins.
