InvestingIdeas9

Cardano

Short
COINBASE:ADAUSD   Cardano
Projects like Cardano are only held because of their staking and potential vision going forward.

Without staking they've literally delivered nothing.

No reason to hold this until they deliver something, sad reality.

Trade closed: target reached:
Closing this short here, I got the bulk of the trade, I don't need to close this short at the bottom which I still believe will be around .30.

Some thoughts: Cardano is a dino project, there's a community but they only come around if the price goes up - to be 100% honest I don't see any usecase for this project. They tried to have a DEX = no one cared, everyone used Uniswap or now Orca (solana project). People gravitate around founders, and Charles is not a founder I've ever learned anything from - Cardano imo is just a peer review paper ico with a goofy founder who has a dream but honestly it's not being used no one cares and strong communities will be the only ones that survive going forward. If this goes up, sell the rips, buy the dips, no one cares about cardano and no one will unless the price goes up or staking etc... ignore the noise price action and use case is everything.
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