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[MRizwan530]

Yesterday Ada token was pumped very high even up to 40%, and today I have purchased this token kindly suggest should I sell them or there will be chances this token will be again pumped or not?

 

[mafkoz123]

It's impossible to tell not just with ADA. I'd say you are looking too short term, if you are looking to buy today and sell tomorrow it's a recipe for disaster as with day trading you need a lot of experience, time and a bit of luck.
Pick a coin based on your own research, invest in a project you believe will be worthwhile in the future.
Listening to advice on this forum or anywhere else is not advisable as no one can tell you with 100% guarantee that something in the market will happen.

If you are already in ADA, I'd suggest to look at it long term and start staking.

 

[sagefave]

If you are satisfied with the profit you have, you can sell them. Nobody will be able to help you make that decision as it is one you have to make yourself. You could as well decide to wait and see.

 

[ipol12]

Cardano had its highs and lows. I also bought some before on Binance. At this time, its price is $0.2532. That's less than 10% of its all time high price of $3.10 way back in September 2021. It still remains one of the strong coins though, still at the top 10.

 

[silentwatch]

It is important to exercise caution when making investment decisions and to be aware of the risks involved,always a good idea to diversify your portfolio and to invest only what you can afford to lose, also important to do your own research and to carefully consider your own financial situation and risk tolerance and from my DYOR and POV it is kind of hard to fly right now, at least for this year. Very hard year.

 

[BullyMaguire]

Any crypto currency can pump.. what we don't know is when. i believe ADA is still a good coin to invest into although there's not mocu going on with the coin lately i think it's better than have lots of news regarding it but negatively. All we can do is wait . i personally have holdings in ADA still and i refuse to sell until another bullish season

 

[magnus2022]

Nobody can give you straight in this issue because we are mortal and can not predict market with precision. If we can predict market accurately, many of us can be richer than Elon Musk. . Anything can happen in next second that can upset the status of the coins, it is difficult to tell. Most of the prediction you see online is simply a speculation.

 

[BullyMaguire]

Nobody can give you straight in this issue because we are mortal and can not predict market with precision. If we can predict market accurately, many of us can be richer than Elon Musk. . Anything can happen in next second that can upset the status of the coins, it is difficult to tell. Most of the prediction you see online is simply a speculation.

that's true.. we cannot take an accurate guess. we can only wait and speculate what will happen. there's only 3 outcome. if we bought and it pump we're lucky. or if we bought and it dumps. or it pumps and we didn't buy.

 

[gammarays]

Ada had promising utilities due to it's structure and uniqueness from Ethereum. However the adoption of it's network by dapp developers and projects is still lagging behind coupled with the bear market.

 

[Ebutech]

Yesterday Ada token was pumped very high even up to 40%, and today I have purchased this token kindly suggest should I sell them or there will be chances this token will be again pumped or not?

Don't really know if it will definitely do a pump or not, but o think you should have something that will inform your decision, you can follow your instict.

 

[Ebutech]

Don't really know if it will definitely do a pump or not, but o think you should have something that will inform your decision, you can follow your instict.

 

[gammarays]

Don't really know if it will definitely do a pump or not, but o think you should have something that will inform your decision, you can follow your instict.

Cardano was intended to be a stiff competitor to Ethereum because of it's stability and new technology it offers. However with many blockchain networks around who offer good support to developers, it'll take time for Ada to reach full potentials.

 

[gammarays]

Cardano will face a lot of competitions from newer blockchain networks. Most of them focus on speed and low transaction fees. Evm blockchain networks are the most popular because they're easier to operate on.

 

[gammarays]

I agree, the competition in the blockchain space is definitely increasing. With newer networks focusing on faster transactions and lower fees, it will be important for Cardano to find a way to stand out. The popularity of EVM-based networks is also growing, as they offer ease of use for developers.

Yes it's like developers and users prefer evm compatible networks because it's not difficult to operate and people can use it with same wallet. It's always stressful downloading different wallets for different networks.

 

[gammarays]

That's definitely a common challenge when it comes to using different cryptocurrencies and blockchain networks. The convenience of using a single wallet that's compatible with multiple networks can save a lot of time and hassle. EVM compatibility also makes it easier for developers to build and deploy decentralized applications on multiple networks, which can lead to more innovation and growth in the ecosystem.

Yes another advantage of evm networks is that a dapp can be easily bridged across many compatible networks making it multichain. Most dapps run like that so can be operated over Ethereum, BSC, polygon etc

 

[gammarays]

Having the ability for a dapp to operate across multiple networks is definitely a major advantage for developers and users alike. The ease of bridging across networks is a testament to the interoperability of these networks and how they can work together to support the growth of the ecosystem.

That's the major advantage of evm compatible networks. One is that a dapp used created on one network can be used across other networks. They can easily bridge tokens or even swap across networks.

 

[Gen Evie]

Cardano Price Prediction - Why This New Eco-Crypto will Pump 30x Faster Than ADA In 2023.By 2030, though, the site suggested that ADA could rebound to $1.90, and it even made a cardano coin price prediction for 2040 of a potential $3.79.

 

[Riberet19]

Cardano Price Prediction - Why This New Eco-Crypto will Pump 30x Faster Than ADA In 2023.By 2030, though, the site suggested that ADA could rebound to $1.90, and it even made a cardano coin price prediction for 2040 of a potential $3.79.

Well I think that a prediction for 2030 can be accurate since it is not such a large time interval, and it can be representative, but in a time interval as large as in 2040 I do not think we could make predictions since it is a big time so in the market and in the world many things can happen, there may be a technological leap that will unseat cryptocurrencies, these predictions in my view are sometimes dangerous as they can confuse investors.