Cardano in turmoil as its profitability hits rock bottom $ADA CardanoCommunity
as an investment proposition. If fewer investors are making profits, this could discourage new buyers from entering the market, causing trading volumes to dip and, in turn, further stifling any potential price recovery.
Moreover, existing investors, particularly those who have bought in at higher price points, may start to panic sell their holdings, adding more downward pressure on the price. In fact, there is a real risk of a vicious cycle forming, with falling prices leading to reduced investor confidence, sparking more sell-offs and causing further price declines.
However, the next few weeks, if not months, will be tough for holders of Cardano, especially during the ongoing battle of the SEC against Binance and Coinbase. Investors should remain cautious and try to avoid unnecessary risks.
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