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Future of Cardano: Is ADA Still Profitable
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[QUOTE="Jasmine, post: 246514, member: 49159"] I think holding Cardan is better than panic selling. If you bought ADA for $1 and if you are worried that it might become worthless like Terra Luna and start selling at 50 cents each, you will make substantial loss by selling (provided you have bought a lot of ADA in the past). However, if you hold ADA, you might be able to make profits in the future. It will be difficult to say, when the price will improve and when you will start receiving profits, but if you believe in long term investment, you need to continue holding. You can also stake your ADA to earn profits when the market is down. There are a lot of platforms where you can stake ADA but in my experience, Binance is the best, you will earn rewards every day and you can stake between 30 days and 120 days. ADA is not a meme coin, it does not have unlimited supply, it uses the same proof of stake that bitcoin uses. Therefore, the price of ADA moves according to Bitcoin. This is also one of the tip 10 coins by market cap. I don't think anyone should worry about the price drop. [/QUOTE]
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Future of Cardano: Is ADA Still Profitable
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