At this point we should just keep buying the dips and holding Cardano at a moderate leverage.
Operación activa:
I bought the dip :D
I base my long term crypto analysis on many criteria. (patterns are self fulfilling prophecy of traders and we should abolish it)
1. Quality of the distributive system (quality of the incentives and programs behind the currency)
2. Market cap
3. Supply
4. Total crypto market
5. Popular vote
Cardano wins 1, 2, 3, and 4 so far. 5 will be soon.
1 because their software is superior to anything on the market.
2 because Market cap is high enough for it to stick (over $25B)
3 they have a very different system for awarding the contributors (handling the pools)
4 total crypto market is now growing faster than ever due to excess supply of fiat currency and more people investing through platforms.
5 is not yet here because people don't understand how valuable this system is. Which makes it cheaper for you to buy before the price skyrockets
I have no doubt that it will reach $2 this year, and I am pretty convinced that it could get to $4. I don't see this currency failing in near future, moreover I see this as one of few currencies that will win in the actual market and that could become usable for direct payments.