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brentdonnelly_spectramarkets
Nov 8, 2021 8:13 PM

Is ADA lagging or is it a POS ? 

ADA / DollarBitfinex

Description

I am genuinely curious to hear what you think. I have no view on Cardano but it's amazing that such a large and well-known part of the crypto world has been completely left behind on this bull run.
Comments
hecka
17 cents to $2 is apparently "left behind"
schwarg
@crashpartington, LOL I said the same thing to myself. Some people even got in at .02 - .05
WillFrank81
To say it’s been ‘left behind’ is rather far stretched in my opinion.

ADA started this bull run below 0.02 even at todays prices its still more than 100x up.

Since smart contracts were released in September it has underperformed the market but it had an insane rally from $1 to $3 before smart contracts were released.

IMO ADA is the race horse of this bull market
brentdonnelly_spectramarkets
@WillFrank81, excellent points... really depends what starting point I use. Since January 1, 2018.. ADA up 50X, ETH 34X, BTC 17X. Thanks great response super useful and has given me the proper perspective.
MaxGains5
@brentdonnelly_spectramarkets, Also important to note that ADA hit $2.50 around the time BTC hit 64K and ETH 4.4k, then pushed to a new ATH of $3.10 while BTC and the rest of the market were deciding which direction they wanted to go. It was bound to find an equilibrium. Its time will come. In fact, it even lagged a bit behind the merket when it went from $1 to $2.50.
eganon69
BTC started to trend higher in July 2020. ETH a few weeks after that. ADA just mostly consolidated for the remainder of 2020. When 2021 hit ADA took off like a rocket. Now BTC and ETH are trending higher while ADA consolidates in the latter half of the year. Will history repeat? We shall see but i a remain LONG ADA.
BillyFOMOS
Left behind? You must be looking at the last 3 months and not when the bull market started….in early 2020. If you start then, ADA is outperforming.
sendit-
Start your research at Plunge Protection Team investopedia.com/terms/p/plunge-protection-team.asp
mkryanj
Long live ADA.
nyhksz22
Ha
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