{"id":18284,"date":"2022-05-29T18:43:51","date_gmt":"2022-05-29T18:43:51","guid":{"rendered":"http:\/\/egrowonline.com\/?p=18284"},"modified":"2022-05-29T18:43:51","modified_gmt":"2022-05-29T18:43:51","slug":"cardano-ada-investors-should-know-this-before-they-hail-hoskinson","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=18284","title":{"rendered":"Cardano [ADA] investors should know this before they hail Hoskinson"},"content":{"rendered":"


\n<\/p>\n

\n
\n

#include <stdio.h>
int main() {
\/\/ printf() displays the string inside quotation
printf(\u201cHello, World!\u201d);
return 0;
}<\/p>\n<\/blockquote>\n

A gay face upon reading this will be quite literally acceptable- This was a useless coding attempt at saying \u201cHello, World!\u201d on the screen in C programming or to the Cardano community. You ask, what is the reason for saying \u2018Hello\u2019 to the Cardano community in that eloquent way? Well, it\u2019s their 2+2=5 attitude.<\/p>\n

ADA is 84.68% down from its all-time high. If you had invested in ADA, a year back, your return on investment, at press time would have been -66.24%. Unsurprisingly, the token\u2019s Sharpe Ratio (30D) stood at -4.06, at the time of writing. Remember, a token with a higher Sharpe Ratio is considered superior relative to its peers. Now, you wonder if the Cardano community has seen these numbers. Conceivably, no (read: yes).<\/p>\n

Fa(ith)ke high<\/h3>\n

In all seriousness, we know that Cardano is a very unique project. But ADA\u2019s actions don\u2019t seem to be speaking louder than words. In that regard, \u2018A BTC like trajectory\u2019 seems to be a far-fetched dream at the moment.<\/p>\n

\n

3\/To put it differently:<\/p>\n

If we all stick around, keep the lights on and enthusiasm going, there will come a time pretty soon where $ADA<\/a> is going to be a very scarce asset<\/p>\n

It could potentially (no guarantees!) walk a BTC like trajectory. So what about the other coins?<\/p>\n

\u2014 ADA whale (@cardano_whale) May 28, 2022<\/a><\/p>\n<\/blockquote>\n

If Picasso were alive, he would have been happy to see ADA\u2019s price chart which paints an awfully beautiful bearish picture. With the fear and greed index in the \u2018extreme fear\u2019 category at press time, the bears look charged up for a southbound journey. Notably, even though ADA\u2019s value increased by 2.59% at press time, its last seven-day performance remained in the red.<\/p>\n

Now, if the bulls fail to bring enough demand backed by volume, the token might roll down to its 25 Jan 2021 support at $0.437. But, if Hoskinson\u2019s law of attraction works, ADA might squash its opponents\u2019 views by reaching $1.237. Change of polarity ($1.237 becomes support) might see the token ride up to $2.377. But, not to forget, on a lower timeframe, there remain many resistance levels for ADA to fight off.<\/p>\n

Besides the anticipation, let\u2019s take a look at the grieving indicators. The RSI, since 8 April has been below the 50 mark. Bollinger Bands\u2019 (BB) width looked malnourished. Plus, the volume after 12 May has been on a free-fall. All this goes to say that ADA has been quite successful in disappointing its investors.<\/p>\n

\"\"<\/a><\/p>\n

Source: TradingView, ADA\/USD<\/p>\n<\/div>\n

Furthermore, the gradual fall of daily active addresses post 20 January 2022 hints at the fact that investors have been eventually losing interest in the coin. Only true HODLers have been able to survive with ADA\u2019s recent price action. Retail investors who bought the dip at $2 seem to be lamenting over their inept decision.<\/p>\n

\"\"<\/a><\/p>\n

Source: Santiment<\/p>\n<\/div>\n

Undeniably, whales\u2019 activity plays an integral role in a bear market. For ADA, the whale transaction count (1m>USD) doesn\u2019t look very decent. A spike was noted on 12 May, but it didn\u2019t match its wavelength with the huge spikes during mid-January 2022.<\/p>\n

\"\"<\/a><\/p>\n

Source: Santiment<\/p>\n<\/div>\n

Now, given all the factors, it\u2019s pertinent that the ADA community accepts the reality of Cardano\u2019s performance.<\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

#include <stdio.h>int main() {\/\/ printf() displays the string inside quotationprintf(\u201cHello, World!\u201d);return 0;} A gay face upon reading this will be quite literally acceptable- This was a useless coding attempt at saying \u201cHello, World!\u201d on the screen in C programming or to the Cardano community. You ask, what is the reason for saying \u2018Hello\u2019 to the […]<\/p>\n","protected":false},"author":1,"featured_media":18285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[340,266,3996,1299,102],"class_list":["post-18284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-ada","tag-cardano","tag-hail","tag-hoskinson","tag-investors"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/florian-olivo-4hbJ-eymZ1o-unsplash-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/18284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18284"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/18284\/revisions"}],"predecessor-version":[{"id":18286,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/18284\/revisions\/18286"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/18285"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18284"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}