Cardano

Coin

<ul class="news-points"> 
 <li><strong>Youtuber Cowen shared a tweet comparing the ROI of ADA in 2019 and 2023.</strong></li> 
 <li><strong>ADA’s highs in 2019 were much higher than the highs in 2023.</strong></li> 
 <li><strong>Cardano could test the support level before gaining value and spiking.</strong></li> 
</ul> 
<p>Youtuber and CEO of Into The Cryptoverse, Benjamin Cowen made a comparison of <a href="https://coinedition.com/tag/cardano-ada/">Cardano’s (ADA)</a> Return on investment (ROI) in 2019 with ROI in 2023. According to the tweet shared, it could be noted that the 2023 ROI has dwindled. In particular, the ROI rose from 1 to a value higher in 2023 during the first 50 days of investment. However, in 2019 the ROI dropped below 0.9 before rising above 1.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ADA</a> in 2023 compared to 2019 <a href="https://t.co/sOpkaSy5yw" target="_blank" rel="nofollow">pic.twitter.com/sOpkaSy5yw</a></p>— Benjamin Cowen (@intocryptoverse) <a href="https://twitter.com/intocryptoverse/status/1709298962635632676?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 3, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Notably, the 2019 ROI rose to more than 2 when the investment maturity reached 100 days. The 2023 ROI was below the 2 mark during the same maturity period. The ROI could be reducing due to Cardano losing value.</p> 
<p>Considering the chart below, ADA started the week with an opening market price of $0.2454, and shortly after gaining some momentum, it immersed itself below the opening market price.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img decoding="async" width="773" height="396" src="https://coinedition.com/wp-content/uploads/2023/10/ada-111211.jpg" alt="" class="wp-image-340715" srcset="https://coinedition.com/wp-content/uploads/2023/10/ada-111211.jpg 773w, https://coinedition.com/wp-content/uploads/2023/10/ada-111211-300x154.jpg 300w, https://coinedition.com/wp-content/uploads/2023/10/ada-111211-380x195.jpg 380w, https://coinedition.com/wp-content/uploads/2023/10/ada-111211-768x393.jpg 768w, https://coinedition.com/wp-content/uploads/2023/10/ada-111211-159x81.jpg 159w, https://coinedition.com/wp-content/uploads/2023/10/ada-111211-440x225.jpg 440w, https://coinedition.com/wp-content/uploads/2023/10/ada-111211-414x212.jpg 414w, https://coinedition.com/wp-content/uploads/2023/10/ada-111211-322x165.jpg 322w, https://coinedition.com/wp-content/uploads/2023/10/ada-111211-377x193.jpg 377w, https://coinedition.com/wp-content/uploads/2023/10/ada-111211-123x63.jpg 123w, https://coinedition.com/wp-content/uploads/2023/10/ada-111211-129x66.jpg 129w" sizes="(max-width: 773px) 100vw, 773px">
  <figcaption class="wp-element-caption">
   <em>ADA/USD 1-Week Chart (Source: <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="nofollow">CoinMarketCap</a>)</em>
  </figcaption>
 </figure>
</div> 
<p>Thereafter,…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/bears-choke-ada-prices-in-2023-can-cardano-breath-a-sigh-of-relief/">Bears Choke ADA Prices in 2023, Can Cardano Breath a Sigh of Relief?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Bears Choke ADA Prices in 2023, Can Cardano Breath a Sigh of Relief?

Coin Edition

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