Crypto Why is Cardano outperforming Bitcoin and Ethereum during the dip in market ?

[Josemendez]

The cryptocurrency market has experienced a continuous dip in the price of coins, with bitcoin dipping from $60k to $28k and Ethereum from $4000 to $2000 . Simultaneously , every altcoins is expected to fall together with Bitcoin dip and this has been the case for all altcoins . However , Cardano has been able to maintain a positive stand amdist the dip .

The coin has not fallen below $1 during the dip and has maintained a delay resistance of not above -10%. Investors have believe that this will attract more investors to Cardano, but the question is this , what could be the reason behind this strong performance from Cardano ?

The answer is not far fetched , Cardano upon launching enable long term staking of the coin with reward for stakers. This has made it to record up 60% of it's total supply staked . It is the staking that reduce the sell order on the coin thus giving it a strong ground.

What do you think about the future of Cardano ?

 

[sincerem]

Yes I saw that, the coin haven't decreased below $1 since the bearish started early May this year. I know the coin reached $1.87 in price peaked around 5th before the bearish struck it down both in price and also in its marketcap. The price is currently at $1.13 which is still better than BTC, ETH, BNB coin, Dogecoin etc. When it comes to coin which isn't deeply affected by the bearish run. It didn't go up to -100% in price, but the other ones have seen more than that.

 

[Chibson]

I see a very good future around this cryptocurrency called cardano. It is one of the few cryptocurrencies that the bearish run did not affect massively and of course this is a very good sign that it is backed up by a very good project and team. It is one of the coins that I want to invest heavily on very soon because if the bullish run starts it may get up to $5 per token.

 

[Josemendez]

The circumstances surrounding the coin rise as I mentioned in the thread is not project behind it , it is basically because of the staking strategy revised by the project ,which has seen more Cardano locked up in the staking pool thus reducing the possibility of a sells. This is why most people who do not want to have their Cardano idle in the wallet staked it and they cannot sell until the contract expires.

 

[Mika]

I read somewhere that Cardano was created by a person who was also associated with Ethereum. So be build a system that incorporated all the goodness of Bitcoin and Ethereum. I do not know how true is this but I see some valid reasons for this. Cardano and its native currency have a lot of potentials. The price has remained somewhat stable.

 

[Josemendez]

I read somewhere that Cardano was created by a person who was also associated with Ethereum. So be build a system that incorporated all the goodness of Bitcoin and Ethereum. I do not know how true is this but I see some valid reasons for this. Cardano and its native currency have a lot of potentials. The price has remained somewhat stable.

Actually it is true , one of the eight founders of ethereum , Charles Hoshkinson is the founder of Cardano . He left to develop Cardano because the other founders failed to accept his plans of improving the ethereum network. Presently , Cardano is doing very well in the cryptocurrency market will stand a chance to soar higher in coming years.

 

[Wisdom01]

Currently i think there are more development on the cardano network and coupled with the long term staking still put the coin in front , i think after the bearish market we might see a very high bullish run in the price , so its much more better to hold more of the coin and its because of the gains after the market bearish days

 

[coinsrider]

Thank you for all the Input guys good perspectives and discussions.

 

[coin456]

Well it might be due to Cardano good use case and applications and that's why investors see it as a good investment

 

[Phytology]

Speculators are expecting Cardano to match the Ethereum market if it keeps rising. I am still in confusion whether it is worth the hype or should I just stay away from it.

 

[Hooligan]

I read somewhere that Cardano was created by a person who was also associated with Ethereum. So be build a system that incorporated all the goodness of Bitcoin and Ethereum. I do not know how true is this but I see some valid reasons for this. Cardano and its native currency have a lot of potentials. The price has remained somewhat stable.

This seems plausible. But would this be the case every time when Bitcoin and Etherum don't perform well?

 

[Snaffle]

Cardano is not much behind ethereum. If its value increases a little more, it will surpass ethereum.