CandleFocus 90% Cardano (ADA) Price Drop Predicted by Max Kaiser: Details
2024-10-06
Author: Content Editor
Bitcoin supporter Max Kaiser predicts that Cardano could lose 90% of its value relative to Bitcoin in the next six months. Some Cardano supporters see this as an opportunity for lucrative purchases. Bitcoin is preferred by investors seeking to preserve capital due to its decentralized structure and store of value narrative, as well as its higher liquidity, strong infrastructure, and large network effect. Cardano aims to provide a more sustainable and scalable blockchain platform, but it has faced criticism for slow adoption and development. Long-term success for Cardano will depend on fulfilling commitments, attracting developers, and building a useful ecosystem for investors.
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