The future of Cardano in the United States is unclear. Cardano is gaining liquidity from many corners of the globe despite regulatory obstacles.
Cardano’s high-profile litigation against large exchanges poses regulatory issues since they originate from the US SEC’s designation of the asset as unregistered securities.
Cardano perseveres and shines despite these setbacks, drawing substantial liquidity from markets throughout the world, especially Hong Kong, where the project’s allure remains strong.
Although Cardano’s future in the United States is uncertain, the network has attracted significant liquidity from Hong Kong investors who are optimistic about its long-term potential.
The most recent report from the Crypto Index at the Hong Kong Virtual Asset Consortium (HKVAC) confirmed this trend. Cardano (ADA) was found to have a weight of 2.77% in the index, making it a prominent holding among other well-known tokens like as Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Ripple (XRP), and Tether (USDT).
Although the three most popular cryptocurrencies (Bitcoin, Ethereum, and Tether) each accounted for 15% of the index’s weight due to their widespread adoption and usage, ADA’s inclusion did not diminish the significance of the token’s rising popularity beyond the dominance of these tokens.
Cardano has accomplished something noteworthy with its inclusion in the HKVAC Crypto Index since this acknowledges the growing interest in and need for ADA. Cardano’s mission continues to appeal to investors globally, who see its potential and actively contribute to building the ecosystem, despite the fact that it may not be accepted in the US as prominent exchanges delist the coin.
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