Altcoin Bubble Case Study: ADA Cardano 66X in one year

ADA Cardano was selling on March 13 2020 for 0.018usd.
On February 2021 the price was 66X higher, 1.20 usd.

What made it so valuable during this period to worth $47,009,620,036???

Just to make an idea, CRISPR Therapeutics AG , a gene editing company, focusing on developing transformative gene-based medicines for serious human diseases worth 10Bil. Almost 5 times less than ADA.
Or Oshkosh Corporation who won the 6Bil usd contract with USPS has a market cap of 7.9Bil.
Cardano could buy 6 of those EV producers!

Who is manipulating the price?

And who is selling that massive, as you could see on the chart, that makes the price almost 10X cheaper in one day?!
Is that the real value?

During March 2020 and February 2021 Covid happened. And people stayed at home and didn`t spent their money on restaurants, holidays or cinemas. And they were easily manipulated on social media.
That`s the real fundamentals that ADA had in that period.

I am looking forward for your opinions!

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Only the best blockchain... Good enough reason?
+5 Reply
@gonnabetya, better than Ethereum or Dot?
+1 Reply
Token329 CryptoFundManager
@CryptoFundManager, it solves alot of issues Ethereum has, so yes. I can recommend ''charles hoskinson whiteboard'' video if you want to learn more.
Not at all - ADA has amazing fundamentals it’s been hugely undervalued compared to ETH - and has released some massive updates recently which alongside the bullish sentiment towards crypto have driven price action closer to where it should be.

I’m not saying the price won’t drop (heavily) at some point but in what world does a cryptocurrency that could (arguably) tackle ethereum get called out for manipulation. I mean ADA has learnt so much from the failings of ETH and was built by the cofounder of ETH Charles Hoskinson. ETH is worth 1500 (recently 2000) dollars a coin and has astronomical gas fees and less transaction capability.

If your looking at fundamentals ADA should be much higher than it is now.

Plus it’s crypto - it’s a mad space - new coins jump 1000s of percent over their first few days - it’s not manipulation it’s price action
+4 Reply
@JamesVitaly, thanks for lifting the veil of ADA.
+2 Reply
ADA should be worth $1 druing a heavy bear market let alone in a bull market it will be that way soon i think.
+3 Reply
@IanCryptoG, would you buy an asset in the real world that last year was 66 times cheaper? or do you think that was its real value?!
Token329 CryptoFundManager
@CryptoFundManager, Welcome to the cryptoverse. Remember where ETH and BTC once were.
You could be talking about the internet stocks in 1993. "How is email ever going to make money? We already have the telephone and USPS. If you need the internet so badly you can go to the library for free. "
Every evolutionary change levels the masses in the dust do to the ridged human minds résistance to change.
+1 Reply
@Earthmatrix, look at the market cap of the tech stocks in 1993 and those of cryptos in 2021. most of them beat virgin galactic.
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