The recent surge of ADA is quite intense! The latest price is $0.4635, with a market cap of 16.6 billion, soaring by 7.56% in 24 hours. But don't let these numbers get to your head—it's down nearly 20% in 30 days and over 50% in a year, truly a 'roller coaster' market!
In the short term, although the bulls are rebounding fiercely, the bears are even harsher: over $3000 was liquidated in just 1 hour, with short positions accounting for 97%, and the bulls are suffering greatly. In the long term, it's even more heartbreaking: down nearly half in 90 days, a 45% drop from the beginning of the year, with retail participation shrinking by over 90%. The locked value in DeFi has plummeted from 900 million to 250 million, and institutional buying hasn't revived the popularity.
But Cardano is not to be underestimated! The Vasil upgrade has made smart contracts more efficient, and ADA is being used for cross-border payments in Africa, with transaction fees reduced to below 1%. Swiss banks have also issued compliant stablecoins. The Hydra scaling solution is on the way, potentially boosting transaction volume to 1500 per second, ten times stronger than now!
I see long-term potential, but caution is necessary in the short term. The technology is impressive, but regulatory risks and market competition have not stopped. For ADA to break through $1, it must first withstand macro headwinds and the selling pressure from altcoins. Don’t be fooled by the 'thousand yuan prophecy', stay steady, and we can win!
How to capture the points? I can't discuss everything here, it's too sensitive and easy to follow. If you genuinely want to learn, find the city lord, and I will teach you hands-on.
