1. I don't have Cardano in my portfolio.
2. Yes, if in this season also altseason comes. Nothing is impossible for altcoins if altseason has arrived.
3. I'm not ready to invest in Cardano, I think there are still many better altcoins than Cardano right now. Safer investments would be better even if the returns are smaller.
Topic: Cardano has a lot of good news: are you ready to invest in ADA? (Read 28 times)
November 17, 2024, 03:27:43 AM
While the crypto market has been captivated by macroeconomic news and Bitcoin's price action, the Cardano Foundation has demonstrated a commitment to long-term sustainability. Its 2023 financial report [1] reveals prudent financial management and a significant asset reserve of nearly 480M USD at the start of 2024. This substantial war chest positions Cardano as a resilient force in the crypto ecosystem, capable of weathering market storms and driving innovation for years to come.
In addition, Charles Hoskinson's recent announcement of collaborating with US lawmakers to promote blockchain and crypto understanding is a strategic move [2]. This initiative could significantly elevate Cardano's profile among institutional investors. The project's meticulous, academic approach aligns well with the stringent criteria of these sophisticated investors.
Following recent bullish news and the market's FOMO, ADA's price has skyrocketed from 0.32 USD to 0.80 USD. While some investors are lamenting missing the opportunity to accumulate ADA below 0.45 USD, I believe the current price range still presents a compelling buying opportunity. ADA's trajectory for the remainder of 2024 and early 2025 is poised for significant upside, mirroring its previous bullrun. I am optimistic that ADA could reach 10 USD by the second half of 2025.
I would like to know your opinion on this issue:
References:
1. Cardano Foundation Launches 2023 Financial Insights Report
2. Charles Hoskinson shares new plans to ‘help foster' US crypto policies
In addition, Charles Hoskinson's recent announcement of collaborating with US lawmakers to promote blockchain and crypto understanding is a strategic move [2]. This initiative could significantly elevate Cardano's profile among institutional investors. The project's meticulous, academic approach aligns well with the stringent criteria of these sophisticated investors.
Following recent bullish news and the market's FOMO, ADA's price has skyrocketed from 0.32 USD to 0.80 USD. While some investors are lamenting missing the opportunity to accumulate ADA below 0.45 USD, I believe the current price range still presents a compelling buying opportunity. ADA's trajectory for the remainder of 2024 and early 2025 is poised for significant upside, mirroring its previous bullrun. I am optimistic that ADA could reach 10 USD by the second half of 2025.
I would like to know your opinion on this issue:
- Are you holding ADA? What % of your total portfolio assets does it represent?
- Do you think Cardano will make a comeback this season and ADA price will still grow extremely impressively?
- Are you ready to invest in ADA and what is your target for ADA in this uptrend?
References:
1. Cardano Foundation Launches 2023 Financial Insights Report
2. Charles Hoskinson shares new plans to ‘help foster' US crypto policies
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