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Cardano has been doing really well lately, so let’s talk about what’s going on.
Developments
Recently, Cardano’s value has gone up, which is normal. Yesterday, it reached the lower end of what we expected, around 42–46.5 cents. It’s been moving up nicely, and I thought it might stop, but it seems there’s still room for a bit more increase. I think Cardano will keep going up, but it probably won’t go past 46.5 cents.
If it doesn’t go that high, unfortunately, it might go back down to where it was before, maybe even lower in the next few months. But hey, that could be a good chance for some people to invest!
Since September 11th, Cardano has been doing well, going up with some ups and downs. Now, though, we might be reaching the top part of that and start going down.
Talking about Cardano’s price, it’s been good, but it’s too high on many timeframes — like looking at a calendar for a month or a week. We need to see more people wanting to sell than buy. The same goes for Bitcoin, the big player in the market. It reached new highs yesterday, but it might start going down, and Cardano too.
Looking at how prices are going up and down, we need to remember that when some people make money, others lose it. Most of the losses, about 84%, are from people betting that the price would go down. It’s not a crazy amount of money, around $420,000 on Cardano, mostly on Binance and OB Exchange. But Cardano is holding up okay.
Total Value Of Cardano
The total value of Cardano being used is growing nicely. So overall, Cardano is in a good place.
But in the next few months, it might go down again, and that could be a chance for people to buy at a lower price. I’ve been saying that it might go down to around 10 to 15 cents — not sure if it will be that low, but it’s a…
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