The saying about bull runs is that a rising tide floats all boats. That means even the shittiest of coins will rise in value during a bull run with rising global M2 money supply.
The truth about Cardano is that its massively over valued because it has far less users than Solana and Sui yet is valued at a whopping 37 billion dollar market cap right now. For reference Solana is at 121 billion market cat right now and has something like 150x more users than Cardano.
That is what you call a very strong community. Despite being massively inferior to Solana on many metrics, Cardano has a very strong community base and can keep the price momentum going (at least for now). The holders of ADA are the early crypto investors (relatively speaking) and I think has the craziest community for better or worst. They made a lot of money back in 2021, felt like geniuses, fell in love with it and now are married to it. Cardano bag holders are die hards.
Basically if you're a crypto youtuber and you say anything bad about Cardano, you're setting yourself up to get roasted, harassed, or worst receive death threats.
I think they're crazy.
As an investor I am not married to any coin or project. I identify new potential big winners early on, get in early and hard at new disrupters, new tech, etc... and get out when it reaches a very high valuation and simply repeat. Simply because anything that reaches a very high valuation, loses its growth momentum. For example something valued at 10-25+ billion market cap is much harder to grow because its so big already, whereas something valued at a 15-100million dollar market cap has much more potential for 10-100x gains.
Cardano and XRP holders are the exact opposite. They're die hards and are married to their coins like fools. They held onto their bags for 4+ years when other coins were moving far higher and faster. Had they simply sold it at it's previous highs, and rotated it to the new winners, they would have made far more money. Sure ADA and XRP has done really well in the past few weeks but remember that it was literally on a brutal 4-6 year slump with little to no significant price action.
Anyways with that said, thats not me. I'm not crazy like them. I know that there are faster and newer blockchains and those ADA, ETH, and XRP holders are crazy and delusional considering how far superior Solana, Sui, Sei, and other new blockchains are on all metrics.
Anyways good luck. Not financial advice of course.
And btw, that guy Charles Hoskinson is extremely sus... And as much as I like Michael Saylor I can detect some craziness in him. One wonders if he truly believes in btc or if he's just extremely determined to become a trillionaire and become the world's richest man by far.
