*** THIS IS NOT FINANCIAL OR INVESTMENT ADVICE ***
DYOR and don't take my word for anything.
In my honest opinion, Cardano is the most undervalued mainnet token on the market. Somewhere near 70% is already staked, leaving very little on the market to purchase in the first place. It's no surprise that 30% of the circulating supply is causing large price gains.
ADA will be sideways until it is happy at the ~ $1.40 - $1.50 price point. This is another example of the overall sentiment in the project, as it is resisting the market trend selloff of the past week. ADA could easily be at $4.00 by the end of the year if the Goguen rollout is deployed without issue.
Buy the dip and hodl bitches.
DYOR and don't take my word for anything.
In my honest opinion, Cardano is the most undervalued mainnet token on the market. Somewhere near 70% is already staked, leaving very little on the market to purchase in the first place. It's no surprise that 30% of the circulating supply is causing large price gains.
ADA will be sideways until it is happy at the ~ $1.40 - $1.50 price point. This is another example of the overall sentiment in the project, as it is resisting the market trend selloff of the past week. ADA could easily be at $4.00 by the end of the year if the Goguen rollout is deployed without issue.
Buy the dip and hodl bitches.
Comment:
The trend continued, just at a lower level. I suspect that this will translate into a bigger return once the retrace is finished.
I didn't originally think it would fall to that channel, but it recovered nicely.