By Carjuan Cruz
Investing.com – The legalization of yesterday in El Salvador as a currency, presented technical failures and rejection in a part of society, which caused a sharp drop in the price of digital assets and the sector in general.
The leading crypto currency even today continued to fall after yesterday’s high massive sales and the doubts generated by the application of the measure in the Central American country.
However, and Cardano today managed to paint themselves green and started the recovery after falling so hard yesterday and even more than Bitcoin.
Ethereum today reflected an increase in price of almost 3% and Cardano was also up 2%. After yesterday they suffered losses of 14.3% and 13.55% respectively.
A report from Standard Chartered (LON 🙂 indicated yesterday that both Ethereum and Bitcoin have great growth potential, but placed the estimate of the rise of Ether was higher, since the entity suggested that it could increase 10 times compared to current prices, while Bitcoin four times .
According to a report by CryptoNews, a digital medium specialized in the sector, the financial institution estimates that even the relationship in the participation of both assets will vary: “The Ethereum-Bitcoin cross doubles to 0.161, a level at which the market capitalization of ETH would catch up with BTC. “
Read more: Bitcoin still red: Bad start in El Salvador sinks it Can it recover?
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.