Ninjastic
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Re: Survey Shows ADA Is the Most Widely Held Crypto in the Bear Market
by
Xal0lex
on 14/06/2022, 19:59:40 UTC
Quote from: KennyR on June 13, 2022, 11:46:01 PM
Quote from: Xal0lex on June 13, 2022, 11:31:12 PM
Quote from: Myntist.official on June 10, 2022, 10:55:05 AM
Yet again, Cardano (ADA) won by a landslide margin in a Twitter poll against Bitcoin (BTC) and Ethereum (ETH). The poll was conducted by London Real TV on Twitter on June 6, 2022.

And what real reflection of affairs does this poll show? What is its victory as the most common coin in the bear market? ADA has already lost over 80% of its value and could lose even more if bitcoin continues to fall. It might win in the poll, but in the market, right now ETH and BTC are losing their value more slowly than ADA.
Whenever I get into the coinmarketcap there is continued decline in the price of bitcoin. Today it have reached near to $22k and if this continues $20k will serve as the major support. ADA is a good choice for the investors looking for low price altcoin on the top order. The market price at ADA have fallen to the range of $0.45 from the price around $0.6 in a week's time. This is something around 25% drop. In the same period bitcoin and ethereum have experienced a much higher percentage of drop.

What difference does it make how much an asset has fallen in a short period of time? Only speculators pay attention to that, investors look at long-term value preservation opportunities and older timeframes. And in those categories ADA loses to bitcoin. If everyone was looking at how much an asset loses in a week, we would have popular assets that aren't even in the first thousand on coinmarketcap.