It’s very curious that in a recent interview, Elon Musk announces that by 2036 we won’t need money; it’s not the first time he’s talked about this.
$TSLA
He’s been commenting for a long time that AI will become so effective that there won’t be jobs—this isn’t bad, and he says society will live calmly with a "Universal Income".
But getting to that point won’t be easy, as indicated by the famous chart of "Periods of When to Make Money"—it’s estimated that in 2035 (±1 year) a panic will occur that triggers an economic catastrophe.
Perhaps this will be the perfect excuse to implement the new financial system Elon talks about. $SPCX
I see a lot of #TrendingTopic with $KAITO and $BANK . Personally, I urge you to be careful when trading this kind of pairs that are so volatile. Based on my experience, trading projects like this 90% of the time is not satisfactory.
In 2021, Cardano reached its peak, with massive on-chain transaction activity driven by an enormous wave of new adopters.
Since then, however, the number of transactions has continued to decline. At the same time, we’ve also seen a significant drop in social media posts and in discussions by cryptocurrency influencers about $ADA .
Data like this shows how dynamic the cryptocurrency market is and how changes in narratives can affect not only prices, but also the flow of new investors into each project.
Could slow implementation, unfulfilled promises, and excessive optimism have damaged Cardano’s reputation while other projects moved faster and delivered more innovation?
It’s also important to consider that the current lack of interest could represent an investment opportunity. During bear markets, social interest usually drops significantly.
However, networks such as Ethereum #ETH , Hyperliquid #hype and Tron #Tron continue to show strong activity and high transaction volumes, raising important questions about Cardano’s historical performance.
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$KAITO i think an entry in Short from these points, with bearish confirmation on the 1D timeframe, could provide enough strength for the bearish move to extend beyond the MA21. A healthy pullback within its bullish trend.