Cardano defi summer is fast approaching and we are already getting hints of it in the Cardano ecosystem. Besides what this could mean for ada price, this is a macro narrative that is sure to prop up Cardano as a lead player in the next bull cycle.

    Intro 00:00
    What is Defi summer? 00:50
    Cardano on the rise 1:20
    Snek 2:55
    Cardano 6:00
    What is this happens? 6:50
    Cardano daily resistance 8:00
    Cardano weekly 10:30

    What is Defi Summer? https://blockzeit.com/what-was-defi-summer/#:~:text=The%20fabled%20%E2%80%9CDeFi%20Summer%E2%80%9D%20was,we%20now%20know%20of%20today.

    Cardano vs. Doge – https://www.crypto-news-flash.com/cardano-based-memecoin-snek-dogecoin-competitor-surges-100-in-7-days-is-now-the-time-to-become-a-millionaire-report/
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    #cardano #ada #crypto #cryptocurrency #cryptocapitalventure #blockchain #finance #stock #investment #crypto #altcoin

    25 Comments

    1. Bitcoin has been a resilient and valuable asset, and it will continue to shape finance some say bitcoins performance is tied to the stock market. but I disagree! Bitcoin Unique properties make it a great hedge against inflation, regardless of the stock market. keeping up with current and strategies can help traders stay ahead of the curve and make informed decisions. it is important for beginners in trading and investing to understand the success in these fields. this gives me confidence to trade the assets and it's only a matter of time before bitcoin outperforms every other asset?

    2. Dan own 21k hbar and 18k Ada. 35 Quant and some polygon MATIC. I've always been a strong believer in Ada CARDANO always will. But HEDERA hbar is an absolute enormous beast fixing to absolutely unleashed. I will be F-ING HUGE πŸ€‘πŸ€‘πŸ€‘πŸ€‘πŸ€‘πŸ€‘πŸ€‘πŸ€‘πŸ€‘πŸ€‘πŸ€‘

    3. You can't look at the ADA in a vacuum. It moves with Bitcoin, because all the exchanges have the liquidity in Bitcoin. Most of them even say it. Put the Bitcoin chart on top of ADAs and you will see it matches. AAAAAAAAAAAAARGH!!

      We also know that because of the spread rule, cardano's price can only move by 10% at a time while still being tethered to Bitcoin. For whales to raise the price, they would literally have to make millions of tiny transactions always to the upside of the 10% spread – why, because ADA and every other alt coin's price is tied to Bitcoin.

      What really needs to be looked at, is what outside the exchanges can cause a rise or fall in price. This will cause the breakout. That's the mystery.

      I look forward to the day when the exchanges get reformed to base their liquidity on the dollar, euro, or some other stable asset. That way the alts can stand on their own.

      First half of the video is EXCELLENT! πŸ‘πŸ‘ TA without putting in it in context of Bitcoin πŸ‘ŽπŸ‘Ž

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