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Is Cardano a good investment today?
Cardano is a highly controversial cryptocurrency that draws mixed opinions within the industry.
Most proponents believe that Cardano Cardano
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Cardano is the future, citing its fast speeds, low transaction costs, decentralization, and the fact that it is the only peer-reviewed crypto project.
Critics, however, argue that Cardano is an overvalued ghost chain, boasting a market cap of over $20 billion with little actual network activity. So, is Cardano a good investment?
Cardano has underperformed top peers
Historically, Cardano has not delivered strong returns compared to other major cryptocurrencies. Its price has dropped from an all-time high of $3.15 in 2021 to $0.60 today, a decline that wiped out over $70 billion in market capitalization, from a peak above $90 billion.#Write2Earn! #ADA #BreakoutTradingStrategy #DayTradingStrategy $ADA