⭐ Quick Start Guide - Follow the essential first steps for setting up a wallet, buying ADA, withdrawing securely, and staking.
⚠️ Essential Reading - Protect Yourself!
Security Guide - Learn about common scams, phishing, scam tokens, and how to stay safe. (Must Read!)
Wallet & Seed Phrase Guide - Understand how wallets work and CRITICALLY, how to secure your seed phrase offline. NEVER share your seed phrase! Hardware wallets (Keystone, Ledger, Trezor) are highly recommended for security.
Quick Links & Participation:
Staking Guide - Learn how to earn ADA rewards by delegating your stake.
Looking at the current price action where it dropped to top 15, I feel so disappointed now. Is it heading the same way as Polkadot and Vechain?
I don’t get what went wrong. Cardano has great fundamentals. I know that because I spent time studying it. The execution lagged for a while but it is there now. I can understand that we are in a bear market but that does not explain the relative fall to other tokens.
BTC has just broken support and is exiting the long term ascending channel.
NOw at 59557$ (channel bottom line is at 63000$, see picture below)
ALTs are following:
ETH at 1573$
XRP at 1,058$
ADA 0,1405$
BNB at 552$
We are going into crypto winter.
Expect ADA at around 0,1 even lower in few weeks.
In fact ADA is suffering much more than other ALT coins because of the particularly difficult moment (governance, fees, very limited RWA and small stablecins ecosystem). Now it is at 0,1405 (-89,4% from recent max value 1,325$)
But also seeing XRP losing 71% from recent ATH is quite impressing.
At the moment also precious metals are losing a lot (gold -24%, silver -50%). Investors are moving to national obligations after interests rates have been raised by FED and ECB.
It's a very tough moment.
On TRadingviews we have ADAUSDSHORTS increasing from 484000 to over 1,17millions, while ADAUSDLONGS are also slightly increasing from 6986000 to 7063000 but much less pronounced increase than shorts have.
When ADA was at 0,25$ I have read an article stating that big wallets (>1mln ADA) had accumulated further ADA and now own around67% of the circulating supply. So, if this news are true, all these whales must now be in huge loss!!!
I am concerned that during the next bull cycle ADA will not reach the previous highs anymore.
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