ADA has a few more months of pain! I see it dropping down into the $1.20s and possibly testing $1.00 or below. There is no reason for it to go up further because 1) No positive news and 2) it exploded in growth during 2021 and is still retracing. Long-term, I am concerned about Cardano's interest in Africa. Growth in the crypto space and adoption is much more probable in other geographies. The project needs to target tech-savvy markets with spending power.
Given the size of the project and technical indicators, I do expect a rebound in price to start around February or March, with or without improvement in the 'fundamentals'. However, without any major development or break throughs in 2022, I do not think we will see an ATH.
Given the size of the project and technical indicators, I do expect a rebound in price to start around February or March, with or without improvement in the 'fundamentals'. However, without any major development or break throughs in 2022, I do not think we will see an ATH.
