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Reasons Why Cardano didn't fall much during the bearish period

  • Thread starter Thread starter Josemendez
  • Start date Start date
Any crypto currency that can have a community that will use social media to communicate with its investors is really a good example of a good customer service provider, who will not be encouraged to invest? Cardano has really tried.
 
Josephjossy said:
Some times the best coin to invest on is always low valued coin. It is the best when ever it coins to low valued cryptocurrency. Just invest on it and hold it on for a long. You need to have patience no matter what the market looks like. Just hold your coin
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From my little experience with crypto currency, low valued coins are the safer option for one who doesn't have big funds to invest in crypto because the more value of a particular coin one can accumulate, the more the profit.
 
Cardano is one of the strong and silent cryptocurrency assets in the marketplace. Majority of the people I'm not putting this cryptocurrency on their white list. this is the reason why it does not get affected most during the bearish season in the market.
 
With your information right now it clearly shows that ADA is a good coin to invest into in the crypto currency exchange Business because it will definitely rally higher than the others during the bull market.
 
The reason is that there is a less speculation about the cryptocurrency in the marketplace. It is one of the underdog coin people are not looking after as money maker. This is the kind of cryptocurrency allowed to invest into, it is good to go against the market.
 
You have actually put a very impressive article that clearly stated the major reason for the small dip in the price of cardano despite the bearish movement in the cryptocurrency market.
 
It is a nice cryptocurrency sha but the point is that I don't even know if the cryptocurrency will attend a reasonable price because of its huge circulating supply. That is too much for me.
 
Cardano is one of the best project in the cryptocurrency market and in that case it will not be so much affected in the bear market. Currently it has been doing well and the price is quite okay compared to a lot of other low-cap coins.
 
Chibson said:
Cardano is one of the best project in the cryptocurrency market and in that case it will not be so much affected in the bear market. Currently it has been doing well and the price is quite okay compared to a lot of other low-cap coins.
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Many projects like this are always cryptocurrency with a very low circulating supply , but a situation in which it's has a huge circulating supply may not always suitable for investment since they won't necessarily attend a higher price
 
Sincerem said:
Many projects like this are always cryptocurrency with a very low circulating supply , but a situation in which it's has a huge circulating supply may not always suitable for investment since they won't necessarily attend a higher price
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The circulating supply of a cryptocurrency is not always an issue because I have seen a crypto with a lot of circulating supply and it is doing very well. What I always look at is the potentials and the market cap.
 
Chibson said:
The circulating supply of a cryptocurrency is not always an issue because I have seen a crypto with a lot of circulating supply and it is doing very well. What I always look at is the potentials and the market cap.
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I will challenge you to list out any potential cryptocurrency with a very high circulating supply . 90% of cryptocurrency with more than 5 billion circulating supply is a shitcoin. High circulating supplies makes it difficult to attend reasonable price.
 
Sincerem said:
I will challenge you to list out any potential cryptocurrency with a very high circulating supply . 90% of cryptocurrency with more than 5 billion circulating supply is a shitcoin. High circulating supplies makes it difficult to attend reasonable price.
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LoL, there are several cryptocurrencies that has high circulating supply that are not shitcoins. some of the time I don't look at the circulating supply rather what I look at is the market cap and the potentials.
 
Chibson said:
LoL, there are several cryptocurrencies that has high circulating supply that are not shitcoins. some of the time I don't look at the circulating supply rather what I look at is the market cap and the potentials.
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Personally when carrying out crypto related research , the most important thing I look for is the circulating supply because I don't just want to be spending my Time to invest in cryptocurrency that won't attained good price tomorrow.
 
Sincerem said:
Personally when carrying out crypto related research , the most important thing I look for is the circulating supply because I don't just want to be spending my Time to invest in cryptocurrency that won't attained good price tomorrow.
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Circulating supply is not the most important thing to look at when making a research. Market cap is even much more important the circulating supply. it is important for you to look at the team behind the project and check the kind of wallets holding the cryptocurrency. it is also important for you to check their social media to know the kind of activities going on there.
 
Chibson said:
Circulating supply is not the most important thing to look at when making a research. Market cap is even much more important the circulating supply. it is important for you to look at the team behind the project and check the kind of wallets holding the cryptocurrency. it is also important for you to check their social media to know the kind of activities going on there.
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Hmmm. The point is that so many people will check out all that but at the end they still fall a victim of crypto scam.. It is never a guarantee that could help you as avoid scam. You should not expect cryptocurrency with better future potential to have trillions of circulating supply
 
Sincerem said:
Hmmm. The point is that so many people will check out all that but at the end they still fall a victim of crypto scam.. It is never a guarantee that could help you as avoid scam. You should not expect cryptocurrency with better future potential to have trillions of circulating supply
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When it comes to cryptocurrency nothing is 100% actual. That is why if you are investing you need to be very careful and take your profit at the right time. I'm always very sceptical on everything difference including Bitcoin.
 
Chibson said:
When it comes to cryptocurrency nothing is 100% actual. That is why if you are investing you need to be very careful and take your profit at the right time. I'm always very sceptical on everything difference including Bitcoin.
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The point is that even if bitcoins depreciate , it will be very much difficult for you to see bitcoins decreasing by 90% but it is possible in other cryptocurrency with low market cap. Cryptocurrency like phantom has decreased by almost 95% which can't happen with Bitcoin.
 
Sincerem said:
The point is that even if bitcoins depreciate , it will be very much difficult for you to see bitcoins decreasing by 90% but it is possible in other cryptocurrency with low market cap. Cryptocurrency like phantom has decreased by almost 95% which can't happen with Bitcoin.
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Yes, the volatility in low market cap crypto currency is very high. Bitcoin can actually not do that within a short time range but a lot of other cryptocurrencies can do it.
 
Chibson said:
Yes, the volatility in low market cap crypto currency is very high. Bitcoin can actually not do that within a short time range but a lot of other cryptocurrencies can do it.
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What I have been observing is that when the price of bitcoins drop by three-per-cent , other cryptocurrency drops by 4, 5 to 6% and sometimes 12% depending on the type of cryptocurrency. Does it mean that bitcoins control other cryptocurrencies ?
 
Josemendez said:
Cardano is the fifth coin by market Capitalization and the fourth of the stable coin Tether is removed. .

If you have been a true follower of Cardano , you will understand that Cardano has been able to maintain 1$ price value throughout the bearish period against coins like Ripple that dropped up 70 cents. Questions have been asked as to why this happened and the possible solutions includes ;

1. The Staking platform of Cardano :
Cardano offered it's users an opportunity to stake their coins and receive passive reward . Research carried out on the network showed that about 30% of the circulating supply of Cardano has been staked . This indeed contributed to the reason why it didn't drop below $1 as the present circulating supply is lower than the total circulating supply. This made it difficult for investors to sell their fund during the dip as they have to wait for the staking period to be over before they unstake their tokens.

2. The large Community Support. Charles Hoshkinson founder of Cardano has endeavored to carry the community members along through his tweets and YouTube videos ,thus giving them the confidence they need in the project.

If I should give you a financial advise base on my experience , I will encourage you to invest in these amazing cryptos ; bitcoin , ethereum , Cardano , Polkadot and Matic. They all have use cases that will make them survive in the cryptocurrency market.
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Cardano is a currency I have been mining for a while and this news only gives me more confidence and encouragement to mine more which is great. I, for one, believe that Cardano is a coin with very good potential which can be solid in the future
 
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