“Best days are ahead of Cardano,” community makes prediction amid price dip
In a week described as the worst in the history of the crypto space, bitcoin and other digital currencies went down heavily. ADA was not excluded from the bearish action, although it recorded smaller losses than other major cryptocurrencies.
The bane of the crypto market crash was the FTX implosion. Bahamas-based FTX filed for bankruptcy on Friday after a rush of customer withdrawals earlier this week. A rescue deal with Binance fell through, precipitating crypto’s highest-profile collapse in recent years.
The demise of FTX and the uncertainty in the sector has dealt a severe blow to the market. Noting that prices remain under pressure and more serious losses are likely, analysts believe that the extent of the damage will depend on what additional information emerges in the coming days.
Cardano-focused Twitter account ADA whale is not too happy with ADA’s price underperformance so far in 2022. He says while the short-term outcome might be the same as long as the market remains under pressure, the long-term is what matters.
He goes on to predict that “the best days are ahead of Cardano,” a radically different take on what Cardano says.
As earlier reported, Cardano whale made an earlier bullish prediction saying that the Cardano network will be a different beast altogether as big tech giants enter the industry.
Charles Hawkinson expressed his happiness that “Cardano” was not mentioned amid the ongoing crisis. ADA was the only top cryptocurrency not listed on the FTX exchange before the collapse. As reported by U.Today, crypto influencer Bitboys said at the time that the ADA listing on FTX could turn into a tragedy, due to a possible liquidation.
