"One of the followers asked me: Do you recommend investing in the $ADA (Cardano) coin?
My point of view is very clear:
1. Market size and liquidity:
ADA is considered one of the major currencies with a high market size and liquidity, which makes it less susceptible to manipulation compared to small currencies.
2. The currency project and its team:
Cardano is a strong project led by a distinguished team such as Charles Hoskinson, and works with a clear scientific methodology to develop a sustainable blockchain system.
3. Community support:
The Cardano community is very active and supportive, which gives the currency continuity and positive momentum.
4. Partnerships:
ADA has influential partnerships, especially in the educational and financial services sectors in developing countries.
5. Market position:
The price of ADA has exceeded $ 1 currently, reflecting a recovery. In a bull market, the currency may continue to achieve good growth, but like others, it is affected by the volatile market.
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Tips and strategies:
For long-term investment, ADA is an option Promising if you believe in the project.
If you are interested in trading, watch the support and resistance levels and take advantage of the fluctuations.
Invest only what you can afford to lose, and invest gradually to reduce risks.
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Price predictions:
Short-term: It may reach $1.5 - $2 if the positive momentum continues.
Long-term: As the project develops and partnerships increase, it may exceed $3 and more.
Conclusion:
ADA is a good option for investment, but the decision depends on your understanding of the project and your investment strategy.