rafiirfan

CARDANO ADA $1 is just a start. Targeting $2 easy next month ?

Long
rafiirfan Updated   
BINANCE:ADAUSD   Cardano
Reasons:
1. Gougen era incoming, hoping Mary hardfork will begin in end of february/early of march.
2. the "Mary upgrade" will make ADA a multiple uses asset like ethereum & polkadot. soon will bring many developer to built Dapps, NTF, DeFi on Cardano.
3. Elon Musk might buy ADA. assuming the correlation on his tweet mentioning about "some crypto coin was pegging the dollar" & his profile picture of "fork on the way".
4. Cardano fees already small and that is suitable & appealing for DeFi industry. take a look what happen to Binance Smart Chain due to their cheap fees.
5. ADA potentials aren't just "vampiring" other crypto market cap, and not just casual new crypto investor incoming to buy ADA, but there is new big fresh money on the way due to Africa deal.
--
!! That is my personal hope & observation nor financial advice. I am not self-claimed pro/wizard TA analysist lol.
just documenting my own reasons of my investment & trading.
Comment:
3 more catalyst: bloomberg terminal added cardano + coinbase pro listing ADA, trade will be live tomorrow + keynote for Africa blokchain conference by tomorrow.
Possibility: coinbase listing days after coinbasepro live? more bridge for Africa? more bridge for American with their stimulus money? Coinbase need cardano so their IPO price will get higher value?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.