By looking at the charts I will say yes, take profit and move to ETH, however considering all the recent good news of ADA, developments, projects moving from ETH to ADA, and rumors of Elon buying ADA, plus considering 70% of circulating supply of ADA is in staking, I would think very carefully about that move...
@erickaviator, charts never lie but.. only time will tell
bullcavern
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@Johniekilimer, well the other day cardano chart had rsi into overbought, macd crossing down, double tops, and it proceeded to be the only crypto resisting btc drop and doing a +30% at that.... so while it's usually a good indicator, a chart analysis should always be looked at togheter with the fundamentals..
bullcavern
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@erickaviator, i'm considering a move like this but into btc... even with all the good news how much could it go higher this cicle? to 2.7? 3? And thats stretching it imho... On the other hand if btc follows the usual trend it could go 4/5x to 200000...
Furthermore I was on cardano developer reddit and there were some solidity developers trying to make a simple hello world program work, but either the software is bugged or the docs are badly written because no one was succesful.. And considering the migration to ada should be done by those same developers that''s not encouraging..And the charles hoskinson persona i don't like it, too ego maniac. I'm 100% ada from the start and i think its biggest flaw is CH, i holded through the aftermath of 2017 and i'm not keen on repeating the same mistakes... And i struggle to say this because the project is 'good, but what goes up must come down and we did go a lot upward from 1.5 cent in march 2020.
erickaviator
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@bullcavern, that may work better than moving to ETH, however i won’t risk moving all my ADA to BTC, probably just a max of 50% expecting to find a good return point to ADA later
bullcavern
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@erickaviator, also i'm not to sure elon rumors are true. It seems to me it's more of the usual CH circus than truth. On the other hand kimdotcom endorsed it, and it's not a stupid either for sure
rajasmasala
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@erickaviator, I'm curious, which project is moving from Eth to ADA? I don't know of any new ones.
erickaviator
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@rajasmasala, well so far 100% confirmed, SingularityNet (AGI), Bondly & DNAtags , plus a lot of other projects expressing their interest on doing the same, so far besides the above there are approximately other 20 projects in de process of decision making.
Actually it is expected to benefit the price of AGI significantly during March, let’s see