Is Cardano (ADA) a good coin to invest in it for long term?
Cardano was my favourite altcoin and i was got huge profit from Cardano on last year. now cardano price again dump too much for the bad market condition . so i think now is a another opportunity to invest on cardano and another coin like this. and if you can hold this coin long time then i believe you will able to get a good return but you must hold it long time.
Yes Cardano is a good choice if we plan to buy it now because now the price has gone down during bear market so it is a good momentum for us to buy Cardano coin at lower price and then hold it for long term, recently they have been successful did a Hard-Fork-Vasil but the event did not have a positive impact on the price movement maybe because it was caused by a bear market.
Cardano and another coins can drop more . coz bitcoin still in a danger zone. and bitcoin price still dropping . I don't know how long this will continue . Investing in any crypto is risky unless the market stabilizes or returns to normal behaving . so i think we should wait more then make investment decision . we shouldn’t make our-self panic