$ADA is down 8.6% on the day while Cardano ships the two things tokenization desks actually ask for.
the Cardano Foundation spun out Veridian with its shares tokenized on Cardano. a real company putting its equity on the chain, which is a lot more than a pilot slide.
then the new token standard lets issuers freeze and seize assets. the crowd will call that anti-crypto. i think it's the feature that gets regulated issuers to show up at all, because nobody puts shares on a chain they can't claw back from.
it's still up 5.18% on the week, so today looks like a giveback, not a break.
$ADA trades at $0.2336 right now, well off the 24h high of $0.2581. if it holds $0.2238, the 24h low, i think the weekly gain survives and buyers come back for the tokenization story. if it loses $0.2238, i'm wrong on this and there's nothing to defend, and anyone already long is staring at a fresh low for no reason.
holding $0.2238 or losing it?
follow me for more calls like this.
the Cardano Foundation spun out Veridian with its shares tokenized on Cardano. a real company putting its equity on the chain, which is a lot more than a pilot slide.
then the new token standard lets issuers freeze and seize assets. the crowd will call that anti-crypto. i think it's the feature that gets regulated issuers to show up at all, because nobody puts shares on a chain they can't claw back from.
it's still up 5.18% on the week, so today looks like a giveback, not a break.
$ADA trades at $0.2336 right now, well off the 24h high of $0.2581. if it holds $0.2238, the 24h low, i think the weekly gain survives and buyers come back for the tokenization story. if it loses $0.2238, i'm wrong on this and there's nothing to defend, and anyone already long is staring at a fresh low for no reason.
holding $0.2238 or losing it?
follow me for more calls like this.