Why It Makes Sense To Buy More ADA
Why It Makes Sense To Buy More ADA
Buying more Cardano ADA now, before another potential pump.
Why Should I Be Buying More ADA?
We’ve recently seen a nice 26% pump in the price of ADA over the last 7 days, should we be buying more or waiting for the next dip?
If you haven’t been paying that much attention to crypto prices recently you should know that ADA and the majority of the Cardano ecosystem has had a nice rise in price over the first week of 2023.
If you take a look at the chart below, it looks like it’s started going sideways again over the last 24 hours and the 7 day chart shows a retraction after the peak of the pump.
As we head more into January with the release of 2 new stablecoins on Cardano, DJED & iUSD there is a high chance that the price could continue to rise up.
What Can We See From January 2023
There is no doubt we are still in a bear market and will continue to be until around April/May 2024 when the next Bitcoin halving is due to take place.
That being said there is plenty of new development going on within Cardano and so many new users, wallets and applications.
Cardano will keep on building throughout 2023 and beyond, so use this time to keep accumulating and enjoy the pumps. Don’t let the price movement put you off DCA’ing in as it will still provide gains in the long run.
An Easy 10x
Remember that we’re still 10x away from a previous all time high, so even after this 26% increase any purchase now will still give you a great return.