news 
Cardano (ADA) Addresses Now Profitable Despite Consolidation: Details
According to recent reports, it has been observed that approximately 60.9% of Cardano (ADA) addresses are now profitable despite the ongoing consolidation in the market. This significant development has led to increased interest and speculation among investors.
A closer look at historical data reveals a potential pattern where ADA’s price undergoes a sharp correction before experiencing an upward surge. Investors and traders hope for a possible bullish run. Martinez noted that historical precedence shows the ongoing price correction could lead to a price surge of up to $6. Investors will have to hope for history to repeat itself.
However, Peter Brandt, a veteran trader, differs in his prediction. He suggests that ADA’s price could drop significantly. He referred to the anticipated drop as a “potential CAR crash,” which could see ADA drop by over 40%. The differing viewpoints emphasize the need for investors and traders to conduct their research. This could prevent significant losses on the part of investors.
As Cardano (ADA) addresses become increasingly profitable, it is crucial that investors and traders remain vigilant and adapt their strategies accordingly.
Source: u.today
