100,000 Indian farms have come on-chain with $ADA , yet the price is up only 0.67%. The narrative is playing out painfully slowly.
The market-wide Greed Index has surged to 63, but the market hasn’t given this piece of good news a corresponding price move. You can’t even see $ADA anywhere in the top 20 trending searches. All the money is flowing into new tokens like AERO and PENGU.
If you’re thinking of making a move in the short term, don’t chase the price. The gains haven’t even caught up with the hype around the narrative, so you’d most likely just be left holding the bag.
For the mid-term outlook, wait for the number of on-chain addresses and actual farm transaction volume to catch up. If you’re currently on the sidelines, it’s better to keep your powder dry than to shoot blindly.
If you think the real-world narrative around $ADA can take off this time, why not make a prediction on Binance Pick and earn rewards? It’s a good way to see whether your judgment is on point.
How much do you believe in the 100,000-farm narrative? Reply 1 if you believe in it, 2 if you think it’s just hype, or 3 if you think we should wait for adoption data.
#Write2Earn #BinanceSquare #ADA Cardano #TradingTournament
The market-wide Greed Index has surged to 63, but the market hasn’t given this piece of good news a corresponding price move. You can’t even see $ADA anywhere in the top 20 trending searches. All the money is flowing into new tokens like AERO and PENGU.
If you’re thinking of making a move in the short term, don’t chase the price. The gains haven’t even caught up with the hype around the narrative, so you’d most likely just be left holding the bag.
For the mid-term outlook, wait for the number of on-chain addresses and actual farm transaction volume to catch up. If you’re currently on the sidelines, it’s better to keep your powder dry than to shoot blindly.
If you think the real-world narrative around $ADA can take off this time, why not make a prediction on Binance Pick and earn rewards? It’s a good way to see whether your judgment is on point.
How much do you believe in the 100,000-farm narrative? Reply 1 if you believe in it, 2 if you think it’s just hype, or 3 if you think we should wait for adoption data.
#Write2Earn #BinanceSquare #ADA Cardano #TradingTournament