a year ago ADA was over $1 today its under $0.50. my previous prediction of needing to see 40 cents before we can really take another look is here. even when i look back at my notes from 2021 i wrote down that we would need to address the 17 cent elephant in the room and today i personally dont see how we avoid it and if anything we can build a stronger argument today than we could in 2021... i think at this point its only a matter of time...it might seem like a stretch but my bottom for ada is around 8-10 cents.
*doom and gloom thoughts*
the economy isn't even in recession yet... people are still being hired...jobs are still being created and wages are slow to catch up.... the money is still technically flowing. so i think with this string of thoughts ...what happens to the price of assets when it does get worse? even if we dont fall into recession ...inflation above 3-4% is going to slowly bleed the economy... unless the mean wage is capable of combating against it.
*doom and gloom thoughts*
the economy isn't even in recession yet... people are still being hired...jobs are still being created and wages are slow to catch up.... the money is still technically flowing. so i think with this string of thoughts ...what happens to the price of assets when it does get worse? even if we dont fall into recession ...inflation above 3-4% is going to slowly bleed the economy... unless the mean wage is capable of combating against it.
Comment:
nothing has changed but i now believe if my view on sp500 is correct then ADA will probably have to take a peek under 10 cents... maybe even under 5 cents.. hard to imagine... but i think its theoretically possible. market is shaping up to have a 10-20yr stun period...and i will honestly be looking at the growth of the middle class cause that will be the main indicator i believe that will be the ultimate indicator of a potential market breakout.
