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BACapitalManagement
Aug 11, 2023 10:55 PM

ADAUSD is the bottom in? Where could it go? 

Cardano / US DollarBinance

Description

The last time ADAUSD created a macro market bottom and rallied, it gained about 17,000%. If history holds any merit, it may make moves like this again in the future. However, it's important to highlight that ADA could be targeted by the SEC for violations. It's also the case that Metcalf's law requires more users to use ADA blockchain in order for the price to increase. It is also true that the law of diminishing returns may dampen the potential upcoming pump.
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