Josemendez
Verified member
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 ?
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 ?
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