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Quote from: valsy on April 06, 2023, 05:24:04 PM

Guys, I wanted to get your opinion on Cardano. I've heard a lot of good things about this cryptocurrency, I'd like to hear your opinion as well. Thanks.

It’s a good coin, has potential to really do well in the next bull run. Current price is $0.38 so it’s very cheap, there isn’t much risk in throwing a bit of fiat at it, just incase it moons hard. You don't want to miss the opportunity as it’s so cheap. What’s the worst that can happen, you’re down on a few hundred $ investment. The upside is worth the risk in my opinion.

Every coin has potential but our goal as an investor is to avoid wasting time and money to tokens which are not showing movement or growth; a matter of seeking for what's best. Cardano is a candidate for good tokens in this industry but given how stagnant it became, I would prefer engaging with XRP which is quite more on the hype. Diversifying would as well be advisable but if you are not into bigger risk, selecting a few would be good. Coins which does not have a large volume on the usual, would be more likely left behind during bullish trend so if you are seeking for a higher return once an uptrend occur, for sure there would be a better coin on your preference.

when it was launched, it seemed to be a promising project. but with the current situation, if you are not very keen to their actual developments, better move to another project that you are familiar of. though it is still in the top 7 coins in the market, you should consider their future, what's in store for them? do they have potential to survive and increase their growth in the market?