Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Unsure if anyone else is present... LSE board not great for Crypto
Cardano projects building out nicely. Shame I don't have any more cash to inject, would really like to increase holdings in GENSX, GENS, MIN, NMKR, WMT, etc
@Cooper: Gutted I never bought MILK after raising last year. It's gone around 4,500% :( Only have small holdings, but anticipating several of these to at least 10x in the next bull run
Interesting, interesting... ADA looks like it's trying to break out of depending pattern formed since last October on the daily chart. A daily close above the 20MA (daily) would be taken as a high possibility of a strong bounce. A weekly close at $0.5+ would also suggest good bounce incoming. I'd expect initial resistance around 50 cents, with that being where the 50 day MA is heading down towards. Assuming that breaks, 65-70cents this month looks v likely. That being the depending 100 day MA, previous peak high, and depending 20 weekly MA
If it were simply down to technicals, this looks positive
Unfortunately, high chance this will be short lived. Until recession fears are calmed and wider markets stabilise, we could still be in for a rough ride. Let's see. Excellent time to observe with a bag, yet have a little extra cash available just in case
Again, technical call out for BTC at 21/22k achieved, with a dip actually slightly below the level that quickly got bought into. Good probability for the lows to now be cemented and used as base. Difficult to say for sure.
Cardano performed better than it could have. Rather than a further dip like other coins, ADA appears to have formed a double bottom and is beginning to signal a trend reversal. Certainly not out of the woods. Expect turbulence
I was considering a significant top up to around 100k ADA if we went to sub 30 cents. Doesn't look like that will happen now ... unless things unexpectedly continue to deteriorate. For now, I personally anticipate quite wild fluctuations with rapid climbs followed by some steep drops. Adding at sub 50 cents may be as good as can get. Personally not going to go all in as things can always turn. I've sufficient in here to be happy wherever this lands in a few years time. That way, still reserving a few pennies should the unexpected happen and op for lower price materialises.
All the best to hodlers, long and new. Cardano is just getting started and looking forward to the next bull run, whenever that will be
I quote my post from 11th April:
"For the near term, I'm personally anticipating a further drop to around $0.5 (weekly 200MA). Bitcoin is obviously dropping down towards either support around 30k, its 200MA weekly or 50MA monthly. ADA will drop with it me thinks"
Despite the headlines, this was obvious
Interesting to see what happens from here. BTC does have potential to drop to 26k (the 61.8 fib) or 21/22k which would be the 76fib, 50 MA monthly support, near previous ATH support AND the critical juncture where big players like MicroStrategy will be seriously adding to avoid crippling scenario... Classically trading comes in 3 candlestick formations, so further lows this month quite possible, with a bottom next month. Let's see
What this means for Cardano? Hoskinsons comment on bear market the other day didn't help the immediate term. Maybe stabilisation and rise in June with the next update?
If we get down to 30 cents again, I will be buying more for sure. Let's see
Hi Bobbie, Sundaeswap launch appears to have been very poorly managed. The delays were expected and coin price was always going to drop after the hype the project had received, but the public fallout around the launch was terrible for the project. Minswap has since come on scene and already attracted significantly more attention + trading volume (a key metric to look into is 'TVL'). Ultimately it's all new, so platform performance will be highly volatile over the next 6-12 months. Apparently there're around 500 projects being developed at the moment, with several hundred of them expecting to release mid-summer when the next major update comes out.
Just personal opinion, but I wouldn't expect big returns from Sundae or Min. If you take a look at the equivalent of their market cap upon full dilution, Sundae is almost $0.4bn and Min is about $0.9bn... Given that Uniswap is a beast in comparison and just $6.5bn, Cardanos DEXs are either priced at future usage 1+ year from now, or they are vulnerable to further decline.
The nature of cardano's ISPO presents a drop on ADA price, but also a volatile entrance to market for any new project as many holders ditch at first opportunity. It's a safer model/approach, and probably better for a multi-year long term outlook, but not amazing for price performance in the short (i.e. few months) window.
I'm quite intrigued by the metaverse space. Cardano has several projects who've come out but not fully launched yet. People who bought early are selling out of boredom, but this is a space that will likely go through revolutionary change / growth in the next 6 months...
Ultimately, we are still near the beginning of everything. Therefore there are lots of op's to have, but I'd be weary of buying into things that are priced ~half a billion dollars when they have only just launched
@Milkytray, a FTSE trading platform would be a massive boost. It would push crypto more into mainstream investment decision making, and make it considerably more accessible to your average Joe who is weary of high entrance fees. Whilst already legitimate, it would bring a major correction to image in the mainstream also, another plus
On another note, I think big investors have been driving ADA down for a while. It was having 10s of billions in $s transaction per day, far exceeding Bitcoin & ETH combined. Yet average trade was around $40k. That's II activity! Assume it was the recently launched funds driving things down to get their entrance
For the near term, I'm personally anticipating a further drop to around $0.5 (weekly 200MA). Bitcoin is obviously dropping down towards either support around 30k, its 200MA weekly or 50MA monthly. ADA will drop with it me thinks
Would love to be wrong. Not selling anything cause long term is golden regardless, but I'm not putting in any new cash until charts appear oversold on the monthly
@ Bobbie, just search on youtube and there are several videos walking you through the steps. Didn't watch through this one, but a quick glance looks like it does: https://www.youtube.com/watch?v=HqeXOQUWt1Y
That's using Yoroi. It's basically the same process on Daedalus
@Michael, snapshot is taken at the beginning of every epoch (i.e. 5 days) over 5 epoch period. If you miss the first couple, you can still receive rewards for the last few. Equally, given the hype over sundaeswap, I personally don't expect much reward from this. Most of the pools are oversaturated and the rewards are probs going to be shared across a significant proportion of the cardano community who are trying to get in on this.
@Cooper, managed to get crypto.com to work now too and have synced that up with my Yoroi wallet. Think it's a little under 3% to buy on Crypto.com and then a fraction of an ADA to transfer to chosen wallet... I bought most of my holdings in Q1 last year. A lot went up, but with ETH fees going over $1000s and whatever else, didn't bother selling. Should have taken the hit with the fees though as holdings have dropped $50k or so since then.
TBH, wish I'd started my crptyo journey just 2 weeks before I did. Started reading into it in Dec 20, but didn't really start buying until mid-Feb. ETH+ADA prices had already multiplied several fold in those few weeks. Would have made significant difference to where things are today - but can't always get what we wish for
Have tried to purchase some crypto from fiat for first time in about a year... it is unbelievably difficult! Tried 4 exchanges. Bank has blocked them all! Ended up using the direct purchase function offered on Yoroi via Changelly. ~10% fees to buy some ADA. Crazy!
Besides the frustration, it does make one think.... Crypto has performed so well during 2021 despite all of the * thrown at it by the traditional financial sector + policy makers. Once ease of use is genuinely available, just imagine how huge this is going to be
Hey Cooper, I'm expecting there to be quite a few spikes / FUD around several of the launches. For example, Sundaeswap has so much attention, that it will likely launch with a market cap equivalent of a few $billion. Thing is, there'll be so few plays about for the next couple of months that transaction volumes on the exchange are unlikely going to merit the initially high price. Quite likely to have a chance to buy in cheaper late Feb / early Mar I'd expect (I also see BTC dropping this month to give the classic '3 candle' signal prior to a bounce). Similar thing with WMT with a market cap of around $1bn even AFTER the drop. LIQWID is currently trading for $26, giving it a market cap of around $0.7bn which'd make it top 125 cryptos globally, even though it's not officially launched... Could you imagine what these would be valued at on conventional markets?
May be wise to remain picky amidst the hype ... could be wrong though. Who knows
Hm... well, already up over 200% now
Oh well
Indeed, I have avoided it as it looks underdeveloped
Equally, being the only dex, I see it gaining momentum quite quickly which is also reflected by the 100% increase in MILKS underlying price since end of last week... with an mcap of around 5mill$, can see it being an easy 10x from here even if it doesn't perform well
Haven't bought cause it does look rather poor... if they do build it out to include launchpad etc, would have potential. Wonder if latter releases like sundaeswap will just consume the market though when they launch
Good job with WMT. Valued around 0.8$ a coin atm
Anyone any thoughts on MuesliSwap? (ie. first launched Cardano DEX)
It's a tidy holding Cooper
Pairing back your ADA just before the $2.5 to $1 drop has served you very well
How's the NFT project you were working on a few months back coming along?
Exactly what we wanted today!
A drop to the 50 day SMA accelerated by stop losses etc and followed by a sharp bounce of 25% in under 5 minutes!
Again, feel sorry for the nubies out there being liquidated on leverage plays, but this move has been shouting out for days now
See fairly high probability of ADA dropping to around the $2.5 this week
Purposefully opening with that sentence cause it's the type of thing where people get defensive, and then nubies see something like that happen and sell out at losses.
Only gave the charts a quick look (lit less than 30 secs), but volume is dropping and other indicators also turning towards a consolidation. $2.5 marks the previous ATH, which needs to be established as a new floor. This tends to be a prerequisite before most bullish continuations. $2.5 will also coincide (roughly) with the rising 20 SMA, which hasn't been touched for a while. A lot of the technicals were getting over-extended, so a short pull back helps prime the pump with plenty energy for it's next burst... I'd be favourable towards a moderately red candlestick this week, finishing somewhere between $2.5-$2.8, then have volume and everything else start to pick up as we near 12th Sep. All things going well with the launch, we could have another few weeks of strong %age increase. Really, who knows where this'll be come end-of-year!?
Recon that you have far from missed the boat. Cardano has hardly begun. Smart contracts are the prerequisite for everything that comes next, so it will be a massive catalyst for the coin price once upgrade is made.
There will likely be a consolidation/sell on news attitude from some afterwards, but recon that won't last (in the same way that the most recent crash was fully recovered within under 3 months). As 1000s of new products start coming out in the coming months and another few nation state deals get announced also, the direction of this (besides potential for terrible flaw in the tech) is pretty obvious
Blockchain as a whole is only just beginning to filter through into the mainstream news. Uptake from institutional investors is well known right now, but the rest of the world hasn't even woken up to what's happening here
So, missed the boat?? Far from it. Most people haven't even realised that there is a river needing crossed, let alone started to buy their tickets or get on board. This is still early days
Probs more like buying Facebook back in summer 2013 and arguing that it's already doubled from the summer prior
Hey Cooper, still here. LSE crypto site is just a bit crappy at times
Things beginning to bounce now. TBH, I had thought that ADA would drop to 50week MA and that BTC and ETH would drop towards the 20month MA. Those were my targets... seems that many of the big banks have accidentally let slip the fact that they're buying it up cheap though and that helped kick off this bounce, the irony
The famous billionaires are mostly in here now. The giant CEOs (Musk, Twitter, FB etc are all into crypto or blockchain), the biggest banks in the world are on board, Central Banks are all getting into blockchain and releasingbonds via crypto now,. Amazon, apple etc all officially looking into crypto (allow this when price has dropped?!?!). This rollercoaster is just getting started I think. Especially when almost none of them are talking about ADA yet. This will shift quick once updates and more nation-state deals come out.
https://www.globenewswire.com/news-release/2021/07/02/2257158/0/en/Grayscale-Digital-Large-Cap-Fund-Announces-Quarterly-Rebalancing-of-Fund.html
4.26% of portfolio in ADA... That's some major buying in the past month! And that was just one fund
All good here too Cooper. Agreed that there's a lot of amateur retail investors here getting phased out + folks on leveraged getting smashed. I view this as a healthy correction, just a bit more heart wrenching than some earlier ones, largely because of the degree of emotion + leverage invested.
As you say, lots of significant breakthroughs and crypto is clearly here to stay now.
Could be healthy for this to go through a pro-longed consolidation, similar as gold + silver during the past 9 months or so. Although ideally we'll just do that within equal number of weeks rather than months. Ready to launch just in time for smart contracts and all that comes afterwards :)
ADA dropped to that first resistance I was talking about (the 200MA), although it took longer than anticipated so the 200MA had risen since my post. I'd like a month or two for the weekly to catch up to a dollar or so too. These lagging indicators are always there inviting shorters, so consolidation is healthy to build supports
I think it's interesting looking at the performance. See ETH, it's just bounced ~10% from its low, where ADA has bounced a good 30%+. There is still a very large following here just waiting to pick up more
Whilst we remain at the whim of wider crypto market sentiment, I do expect ADA to gain against it's peers throughout the remainder of this year.
Glad I've not invested any money that I may need any time soon. Sorry for those that don't think things through properly
And so the drop has begun
What does this mean for ADA? There's support at $0.9, otherwise potentially even going as far as the 50week Ma which would be heading down close to $0.6. Can't see it heading down there again personally, but it's not completely out of the question
PWC released a report on institutional activity in crypto. It suggests that high frequency trading activity may help to stablise ETH within the environment... I'm just glad that i don't need this money any time soon and went in here with a multi-year horizon. Feel sorry for people who've joined in here within the past month or two. Very painful