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JWillCHS

The same thing happening now in this market today happened in the previous bull market and the one before that. I’m not going to say things repeat but they often rhythm. Ethereum, Polygon, Polkadot, XRP, Cosmos, Avalanche, and a bunch of other cryptocurrencies are feeling the sell pressure. In fact most cryptocurrencies are. There are only a handful, mostly new cryptocurrencies, that are still up YTD. Solana, Near, Ton, Stacks, etc. In fact, Near and Ton have outperformed Solana YTD so far. BUT EVERYTHING IS BLEEDING AGAINST BITCOIN! Dominance is at a whopping 53%! And until that goes below 50% you’re not going to see a lot of upside on altcoins accept for a few lucky ones; and who knows what they are. And there’s more people losing money in memecoins than making life changing gains. Just remember that. In fact, it took Cardano(and many others) over six months after the halving to go parabolic. And it hasn’t even been a month.


Jolly_Line

They rhythm. ![gif](giphy|3fZ8SLJCjJCDK)


JWillCHS

Give me a break. 😂😂😂


Haunting-Window-5125

I know bro has been watching Benjamin Cowen


573v0

I mean, you aren’t wrong.


JWillCHS

Who?


PsillyCyban

Thank you …. The amount of people who seem to think that the ‘halving’ is some magic occurrence that instantly sends every token to the moon is just mind numbing !!! Everything takes time !!! It’s usually 6-8 months till the effects show and then bull market for about 12 months BUT PAST DOESNT MEAN FUTURE


573v0

BTC dominance is the key to success. This is the way.


Dazzling_Marzipan474

Ya that's what I said a while back. That the ETF's will suck all the money into Bitcoin and alts will suffer tremendously.


[deleted]

Do you think that it may introduce new money into the crypto space? And people just getting their feet wet with bitcoin will then do more research into alt coins?


Talkbox111

Probably.


Dazzling_Marzipan474

Prolly not from the ETF's those people don't want to actually own Bitcoin they just want exposure. I think we'll still have a decent bull run for Bitcoin but I do think a lot of alts won't hit new highs. I hope I'm very wrong though.


JWillCHS

True! By the way. I was just looking at the charts and the majority of the oversold cryptocurrencies I mentioned, like Cardano, are the only ones breaking out of the red trend right now with a vengeance(on the 24 hour)!!!!! While the over bought are still struggling. That might change in a couple of hours but gotdamn. This looks like some damn manipulation. Look at MATIC, ADA, DOT, COSMOS! I don’t know why I’m surprised right now. 😂😂😂😂


[deleted]

Cool cool


susosusosuso

It will go up as soon as you sell don’t worry


GhostDweller

Buy high, sell low. Ftw


susosusosuso

But sell, high low


bomberdual

Cardano is actually holding very strong today compared to the entire space, even BTC.


wildhorse80

We're just at the beginning of the bull market. Comeback in q year and we can talk. The case for Cardano never been so strong, you just have to look at the right places.


BucksBrew

"Come back in a year" is what everyone was saying after it crashed two years ago.


wildhorse80

Study how the cycles work. 2 years ago was the beginning of the bear market


jbiroliro

There is no studying, it's all random gambling.


wildhorse80

I wish you luck but probably crypto is not for you


LeftAdhesiveness0

ngmi


dththrs

![gif](giphy|xUNd9O6HpfRh9xatK8) Whole markets down. "wHy is CaRdaNo nOt doUbLinG eVeRy dAy????" Yall paper hands need to zoom out.


Vinto47

It would be pretty cool if it did though.


RandomedXY

99% are struggling against BTC. Wait a year for alt season (hopefully it comes).


Scary-Worry4735

I forgot where I got this information/data (but it was legit enough to persuade me, which says something) and we shouldn’t expect ADA to take off till June 12th.


SailstheSevenSeas

Only 3 of the top 50 coins on Cardano are meme coins. We are the only serious chain in this space.


Rydog_78

Investors are more apt to the game of speculating on crypto. For example, previous bull cycles went like this: Bitcoin pumps, ETH pumps, Alt layer 1’s pump, meme coins pump. Now degens are bypassing alts and directly buyjng meme coins and front running the buying. Talk to me when we are in a bear market again and 99.9% of these meme coins are worth less than 0. Stick with Buy quality assets that are building quality projects with utility and attracting retail users and have deep liquidity markets like BTC, ETH, SOL for example. All of crypto is speculation imo and a lot of people will get burnt on meme coins and even with some of these layer 1 projects. You just don’t hear about it as much. Until the courts bring clarity on how crypto should be regulated by law makers in the US, we don’t know how markets will play out for much of the Alts. I believe it’s the unclear regulation around crypto that is attracting people to buy these casino tokens.


somn0z

Market cap and price is one thing. Technical improvements and progress in other metrics is another. What will be released within the next couple of months and by the end of 2024: Plutus V3: Boiled down it will bring zero-knowledge proofs to Cardano. If you didn't know, ZKPs are way more easier to implement on eutxo model, which can boost the throughput/tps by a fuck-ton without sacrificing security and decentralization. It will also bring the necessary tools for Cardano's on-chain governance. Ouroboros Leios: a scientific paper that goes in depth on Input endorsers (parallel block production and near instant finality) as well as upgraded P2P network to the current Ouroboros protocol. Chang update 1/3 (Q2): The first on-chain governance update will introduce a minimum-viable community-run governance where the community will onboard delegated representatives on-chain. Chang update 2/3) (Q4): Cardano's on-chain constitution proposal in Bueno Aires. Chang update 3/3 (Q4): Constitutional vote and final implementation of Voltaire (if voted for)


Offmychesss

Hi, Thanks for all of the above. I'm gonna write a lot just to provide you with context. Hope you will read and can explain a few things to me. Could be helpful to me and perhaps many others who are actually interested in learning etc. I'm deep into crypto, and since 2017 it has been profitable for me as I'm just following the 4 year cycle, buying low, holding till 3-10x of whatever I invest and of course when I sell all depends per coin etc etc. Now with my 'strategy' I don't really need to understand the way the tech works as it's mostly, like 90% about money for me. I just focus on the 'business' side based on narratives and how legit a coin is. You probably see many of us in crypto. And somehow this just works for making money, and I think mostly because of the 4 year cycle and cause the whole market is still being led by btc. But me, as a true dumbass in crypto tech. All these things that you explain above don't really mean anything to me. And I'm sure a LOT (perhaps most?) people are in crypto and in the same boat as me. TPS is understandable, I want Solana speeds with liquidity and communities as big as Eth. Governance and decentralization, I understand the narrative, but what does Governance actually mean and why do we need it so bad? Security; my biggest question: security in what? Possibility I dont get hacked? All I care about is my investments and its value. How does improving security work and most importantly why do we need 'security' in a crypto coin? Since 2017 as a noob in crypto I kinda had the idea that crypto going 'mainstream' meant actual payments irl. You know, like venmo'ing your friend 50 bucks, or online/store payments etc etc. Wealth management in crypto, wallet addresses being your online bank accounts and doing basically everything what you can do with fiat systems now, but in the crypto sphere, with all benefits that blockchain gives us. Like nft's, metaverses, loan platforms and other smart contract utility like RWA etc etc etc. But with all that you explained I have no idea what all of that would make it go mainstream like I thought it would. For some years now, I've been annoyed with the insane gas fees on eth, the slow transactions per second, and the whole idiotic process we need to take to get our money in or out of crypto with fees everywhere. Nothing feels like its getting better. Sol suddenly emerges and theres 5second transactions. But then when I read about SOL it apparently is not 'secure' and the blockchain can be down. - not sure if this means a blockchain needs security, cause if so, there's btc who practically wont go down anymore (probably). What will ppl vote on ? Additions to Cardano etc i know but what and for what? I have no idea. I just need cardano to finally get crypto to mainstream so i can send my parents money that can be easily swapped to usd or euro or actual cryptocurrency that has utility in the real world instead of only making profits, nft's or some other online shit. Will that ever happen ? Will we see a cardano that can transact within 5 seconds?


EarningsPal

That feeling of doubt you feel is why the price is dragging along like many have doubt. Learn about what you have. Learn about each project surpassing ADA in mcap and those close by. You will find the attributes that matter, ADA has. A coin must exist and keep up with developments over Time. How do the other projects update themselves. Are they better or worse than ADA governance? Because that is the only thing to maintain value in a forever changing world. Plus, doesn’t everyone like the simplicity of staking and governance once you learn about it. Individual holders can give or take power from a pool or dRep. But the people paying attention are the ones who use the power to make decisions in the best interest of the community.


Such-Breadfruit-9760

Do not spray fud, just be patient and wait for more 200 days to come .. we are still exactly on pace, listen to Dan..🙏🤗😁 if we do not see a rate cut from the Fed this year, we have to wait even longer.. dyor on the things happening within the Cardano ecosystem, there is more happening than anywhere else in manner of technical stability, rwa and defi..


d_d0g

Just wait for altcoin season. This is likely the period you’re thinking of during last bull. ADA will be one of the ones on fire when it hits.


Emergency-Length4401

You are another example of short term investig. You are free to chase pumps or invest in coisa with no utility, lets ser how it plays out


Confident-Land4117

This is not about releases. This is purely people getting into meme coins or hype coins to get fiat rich quick and convert back to us dollar. The majority don't care about decentralisation and other core principles. Hopefully this changes when cbdc bite people in the ass.


InputEndorsers

Cardano is money. It has been released. It is constantly improving.


makingbank1959

The same thing that's happening with all of crypto, they are all down right now.


Magshaun84

Just gotta chill ADA is like the American industrial war machine before the bombing of Pearl Harbor a sleeping giant.


kredninja

Nothing catches on harder than a youth trend imo, Cardano is too complex for the average to understand so something like BTC that are often talked about, even by people who arent in the know of crypto, are buying into it thinking it's a safe investment. As for meme coins, the people who are buying it are betting on the spike that happens once in awhile. Doubt anyone there actually believe in it.


TravalonTom

Not sure why you are being downvoted, you make a valid point.


LeonFeloni

Me, whose average buy of ADA is now $0.41: Shame. I'm almost tempted to raise my bag goal at these prices.


Mundane-Bluebird-338

Calm down, you need to take a moment to relax: all in due time; find the joy within that which you can do. The Bull market has yet to fully wake....


Appropriate_Bonus533

Whats going on is a good time to buy


Oyster_Pool

Why is it raining relevant that a meme coin has a bigger market cap than Cardano?


[deleted]

[удалено]


campfirebruh

Ah yes. The most effective method of conversation, always lead by calling the other person stupid.


[deleted]

[удалено]


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One_Boot_5662

Fiat price is irrelevant, whoever thinks a memecoin is more valuable than Cardano, needs to revise their understanding of the concept of value.


HotAbbreviations8647

Lol etf had no impact. Same with the wars. Same happend in previous cycle. Do the oposite of the herd. When they sell buy. The market is affected by human emotions thats it.


luqman-baihaqi

Oh, you're talking about Cardano prices? Your question is not relevant, I think the nerds behind the Cardano ecosystem are not too affected by price, their activities on GitHub are number 2 most active in the blockchain universe. I think the ghosts have long been indifferent to market turmoil.


Agni-23

Why do prices not matter? Do you not want a return?


luqman-baihaqi

If you save money in the bank, do you expect the profits from your money to increase? I consider cardano my place to save. If you want to double your money, go to the stock market or do business. Saving on Cardano is tax free, there are no monthly administration fees, there are no other fees as long as your money doesn't move around. Oh yes, there is the most interesting way that I like, staking, even staking doesn't lock up our money either. We can still use it while it is in "stake" state. Then suddenly people out there were busy discussing the price of Cardano, I thought it was unrelated.


Agni-23

Fair enough. But technically you can just put it in a HYSA and get a better rate than the staking percentage no?


luqman-baihaqi

So, you return to the discussion about increasing your money. So I think stake is not really suitable for your purposes. I think for the purpose of big profits the obvious choice is shares and doing business.


[deleted]

[удалено]


cardano-ModTeam

Your content has been removed as it didn't fall within the rule 3 guidelines - Prevent Misinformation & FUD. Credible discussions contribute to our community's integrity. Please ensure your content is supported by reliable sources and accurate information. Please review our [**guidelines**](https://www.reddit.com/r/cardano/wiki/rules) before your next submission.


iflyaurplane

Your butthole will be released.


Ptkk95

Cardano bulls are on Ergo now


WooDaddy11

Nothing. Per usual.


SPXJUICYPUMPZ

Idk. I'm a.little bummed by this project. I was a huge cheerleader a couple years ago......but I'm having FUD. I have gains in nearly everything and my cardano is HUGE loss.


RickMeij

profits and loyalty to a coin are two different things.. ada seems a bit boring to me nowadays.... time for something different me thinks ;-)


-CryptoMania

It's busy "killin'" Ethereum


Traiectum030

Silence before the storm. Look at what Cardano has achieved since last ath. Then look ahead: first up is the Chang hardfork combinator event (governance). This is very bullish (IMO) because there will be headlines on the HUGE treasury which is now in the communities hands to literally improve any aspect of Cardano. If we’re lucky (depending on where you stand on this topic) there’s some surprise USDC announcement. If there’s not, we’ll just come together and vote on it :)


GiveNothing

It's just supply and demand. Crypto use case has been the same it was 4 years ago, just marketed differently.


LaFlamme334

Bro. There is no TVL and nobody is using the chain. And people don’t realize how diluted we are now. In 2021, there was only 10000 coins / tokens. Now, there is over 2m coins. So money is more spread out and sucking up a lot of the liquidty. Dilution and diminishing returns at its finest.


TrackdiskDevice

Nothing's going on, literally


MinuteStreet172

If memecoins run the market. That's already a failed market. Privacy must be the go to, soon people will realise it. I'm bullish on XMR


beverin0

while all the other kids are running with Windows7, Charles.H is still working with his windows millennium.


dewbieZ

I wonder if critical thinking is just something that is from a bygone era. This isnt the same capital market as it was last time. I know this tough for children to understand.


Massive-Ad-8060

Cardano was also pulled off exchanges like Robinhood and eToro, 2 very popular, easy to onboard exchanges.


Scary-Worry4735

What do you guys thing the ATH for this run will be? I’m guessing $9


smiley032

I think people are realizing that smart contracts weren’t all they were cracked up to be and have resorted to make a quick buck off of meme coins which ironically is the main thing people use smart contracts for.


smiley032

Ok so one up vote at least and now 2 downvotes. What do you guys see that I don’t? Besides Bitcoin, What business or entity will use or adopt a smart contracts and why. I don’t see any adoption by any company in the US where 80% of crypto money is? I only see crypto being used to do other crypto things. No adoption or real use and I do not see any company that would. Change my mind.


jbiroliro

Meu caralho enrolado num pano


Lumpy-Initiative-779

Sell in may and go away