✴️ How Will Cardano Perform In 2024? Bull-Market Prep, Important

7 февр.

The recovery year is over. 2023 is over and now we are entering the next Cryptocurrency bull-market year, 2024.

How will Cardano perform?

If you are a long-term reader/follower, this post will be easy to understand.
If you are new though, some context might be needed...

To accommodate everybody, let's add this context before getting started but first...
Feel free to boost and follow!

How are you feeling today?
I am hoping you are feeling great, it is a beautiful morning on this side.

The Cryptocurrency market is wide, it is big, we have so many Altcoins now, so many categories, so many options, so many choices... It is not a small niche as it used to be in the past.

What one does, the rest follows?
Yes?
Does this still applies?

In some ways, this is part of what I want to discuss (if you use the comments), share with you today (if you only read).

The recovery year is the year after the bear market bottom has been set and established, the initial bullish relief rally which normally ends with no new All-Time Highs. For example Bitcoin: A bottom hits November 2022 followed by a strong bullish wave in 2023. Now new ATHs and that's the recovery.

In 2024, the bull-market year, no new lower lows compared to November 2022, on the contrary, major growth after the final correction with maximum bullish strength.

Based on data that is already in, the main bullish wave for those Altcoins that moved strongly reached as high as the same level these were trading around March/April 2022, some higher some lower of course.

Now, here is the thing: Cardano and many other Altcoins failed to move this high...
Here is the chart:

Notice how the peak and double top in December 2023 ended around the same price level Cardano was trading back in May/June 2022... The recovery year is over, this is the important part.

I hope you find this information useful.

So Cardano can produce a new bullish wave in the future and hit as high as the other pairs did last year but when this happens if this happens it will only happen when the Cryptocurrency market enters its next bullish phase. What I am trying to say is that the initial rally is over, the recovery year is over and this is just what ADA did, nothing more, while other pairs were stronger and still others weaker.

I see you saying: This is obvious Alan, what's the point?

Relax my dear friend, you will find this useful and it can help you navigate the Cryptocurrency market in 2024 and 2025 and choose the pairs that will produce the biggest gains.

Cardano performed weakly and this is likely to repeat.
Other Altcoins such as FetchAI for example, performed strongly and this is likely to repeat.

In the past we would make an analysis and consider it a 'one size fits all,' this is not possible anymore.

The ones that tend to do good continue to do good.
The ones that perform poorly tend to continue in the same vein.

I can give you some reasons as to why Cardano did not grow much more and point fingers, but that is not the point of this trade idea, of this analysis, of this chart.

Be aware that many Altcoins will move really strong, new All-Time Highs, three to four digits growth within months... Others will stall, stay behind and never grow.

How will you know which ones to pick when we have tens of thousands of options now for your trading in 2024 and 2025? Luckily, we have the charts.

Those that showed a strong willingness to move;
That that did move;
Those that have new features, new growth, an active team and of course the price...

Those will be the more promising choices when the correction is over, I will be here nonetheless.

I am sharing a warning, don't get caught holding something that won't move just because "everything will move," this might no longer be the true.

I am saying this based on current data... In 2023 there were many, many great pairs, great growth, strong recoveries, money and fun, but many other stayed behind, they didn't do anything and that is why diversifying is so important or just being wise when making a choice.

It will be a combination of data, experience, intuition and I have to say it but even luck.

The market continues to evolve.
It becomes more complex each time, it becomes harder.
If you are in it for the money the only solution will be dedication and hard-work, or maybe trust... But even trusting can be tricky because you have to choose the right person, one that is putting in the hard-work and dedication.

It will be fun though, just remain open minded.

The bigger pairs/projects can be used for leverage while the smaller pairs can be used for spot.

Namaste.