With Cardano ecosystem growing steadily and fundamentals in the green, I don't see any reasons that ADA could not reach it's all time high against Bitcoin one more time.
With that scenario in play, the price of ADA at the end of next bull run should finish somewhere between 6 and 12$. The final result depend of Papa BTC of course :)
If this price of ADA/BTC hold this support (and from now it looks solid) I would say it's a great opportunity to accumulate as much ADA as you can.
And if the support doesn't hold, well, it will be even crazier to buy ADA cheaper !
Happy holding to every one!
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Market is holding it's breath. If the support doesn't hold, ADA may take a -50%, like most altcoins in a super rekt attitude! Buy point would be around previous support between 400 to 500 sat. At this point it will be the opportunity of a lifetime. Until then, Stay safe. Final target in 2025 are still valid!
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seems like BTC dominance is skyrocketing, liquidity getting sucked out of altcoins, Bitcoin stay king until then !
If you want to hold ADA in the next bull run, now (and since June) has been the time to DCAing. Of course it can drop more and if it does, that’s when I’m going to make the BTC/ADA trade. Not going to wait for a potential drop and then fill my ADA bags since it might not come
I don't know about that, i don't think that's the tramline to be thinking about. I believe there will be a point in next 3 to 5 months were you can pick it up for half the amount of satoshi's. You have to consider Altcoins as a bit of an Oscillator in their BTC pairs and that range can go as low and as high as the last cycle
CryptoJulio
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@np12, thanks for your genuine answer ! I'm also carefully watching ADA/BTC pair in the daily timeframe to follow any break out to the down side from this support. However, this thesis that altcoin against BTC pair are to be considered as oscillator tend to be totally false with altcoin that grow in network effect. Let's take the example of ETH and BNB. These altcoins against BTC only went up in value, and never came back to previous low. LTC/BTC in the opposite, tend to act as oscillator. So, let's just follow the charts and see, but this theory tend to not always be true with solid project that can grow network effect.
np12
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@CryptoJulio, I dont agree at all. Sure you can pick out a few examples but at best the majority bleed consistently and terribly against Bitcoin and are just osculating from high to low, cycle to cycle. Its hard for people to accept as the want to be constantly bullish even when the facts are staring them in the face. Just look at the last week with this ADA chart, Bitcoin pumps and destroys its Satoshi value yet again! Were heading much lower and time will prove this correct yet again