ADA enters the German market & displays relative outperformance
The Cardano_Konfidio strategic collaboration appeared in the Press on Thursday morning in the press between 05h00 and 07h00 and in the German press on Friday morning. The reaction in Germany, Europes largest economy was positive. On Thursday we saw some buying which went against the market sideways and downtrend. Thursday evening and Friday morning saw Cardano has been performing better than Ethereum and the other Turing complete chains for the first time in weeks,
In previous weeks the correlation of ADA with the market has been overreacting on the downside. Over the last five days, ADA has kept pace on the upside and it currently performing as well as all other Turing complete smart contract chains.
Over the next month we will measure the perceived value of the partnership that allows entry into the German SME market which makes up more than half of the German economy
