ADA/USDT Chart and fundamental Analysis
This Cardano 4H chart is incredibly bullish.
However, due to the fact that we did not retest previous resistance as new support for quiet a while this could mean the next drop is a really big one.
Cardano is fundamentally very bullish because:
- The Shelley update in middle 2020 started the decentralisation of Cardano with staking opportunity.
- The upcoming Goguen Update in Feb/Mar 2021 adds the ability to build decentralised applications (DApps) on the Cardano blockchain. The first time when Cardano becomes a real plattform.
- Within the next two months Cardano will be fully decentralised as the IOHK foundation does not participate in the rewarding system anymore. So Cardano belongs to the community.
- Potential Coinbase listing.
- There is an All time high at 1.3$ at a time Cardano was basically speculation only. Now it becomes the main competitor to ETH.
Personally looking for 2-10$ within 2021.
Cheers
However, due to the fact that we did not retest previous resistance as new support for quiet a while this could mean the next drop is a really big one.
Cardano is fundamentally very bullish because:
- The Shelley update in middle 2020 started the decentralisation of Cardano with staking opportunity.
- The upcoming Goguen Update in Feb/Mar 2021 adds the ability to build decentralised applications (DApps) on the Cardano blockchain. The first time when Cardano becomes a real plattform.
- Within the next two months Cardano will be fully decentralised as the IOHK foundation does not participate in the rewarding system anymore. So Cardano belongs to the community.
- Potential Coinbase listing.
- There is an All time high at 1.3$ at a time Cardano was basically speculation only. Now it becomes the main competitor to ETH.
Personally looking for 2-10$ within 2021.
Cheers
ADA crushes the market.
Keep cheering.^^