Cryptocurrency analysis firm Santiment has released a report detailing the surprising price performance of Cardano (ADA). The company observed that, despite the generally optimistic Cardano community lately taking a more pessimistic stance, ADA prices have climbed by 5% during a period where sentiment has declined. This unexpected move is attributed to a confluence of factors, including patient investor buying at dips and institutional investors capitalizing on market fluctuations. Santiment analysts noted that this trend often occurs when smaller investors sell out due to impatience or frustration, while larger investors step in, pushing prices upward. As of today’s date, Cardano trades at $0.8101, a 3.64% increase from the previous day and 73.86% below its peak price of $3.10 reached in September 2021. Cardano founder Charles Hoskinson has expressed his aim for the platform to achieve greater prominence than Ethereum. This content is not intended as financial advice.