Ada showing very nice support levels this month.
With the support levels we can see, I think a good majority of holdings are staking and will not panic sell. We did see a double bottom with a bull flag forming before the mini-crash of all crypto.
Pros
- Huge partnerships
- Smart contracts
- Huge mainstream awareness and listing on the biggest exchanges
- Huge investor group holdings for stability
- Large market cap for stability
Cons
- Nothing actually using ada apart from staking... Yet
Alonzo Testnet - 31st May or earlier.
People usually buy the testnet, sell the mainnet. So expect a big pump out of this. When the main net launches, I do expect people to take profits but for the price to recover very quickly.
When this main net is up and running, we are looking at possible supply shocks, which could send the price mooning. $10 by the end of the year I think is a fair target.
With the support levels we can see, I think a good majority of holdings are staking and will not panic sell. We did see a double bottom with a bull flag forming before the mini-crash of all crypto.
Pros
- Huge partnerships
- Smart contracts
- Huge mainstream awareness and listing on the biggest exchanges
- Huge investor group holdings for stability
- Large market cap for stability
Cons
- Nothing actually using ada apart from staking... Yet
Alonzo Testnet - 31st May or earlier.
People usually buy the testnet, sell the mainnet. So expect a big pump out of this. When the main net launches, I do expect people to take profits but for the price to recover very quickly.
When this main net is up and running, we are looking at possible supply shocks, which could send the price mooning. $10 by the end of the year I think is a fair target.
More confident that this is the bottom, remember this is before the testnet.