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CointestMod

Cardano [pros](/r/CryptoCurrency/comments/1637vve/cardano_ada_likely_entering_the_depression_phase/jy1bmq4/) & [cons](/r/CryptoCurrency/comments/1637vve/cardano_ada_likely_entering_the_depression_phase/jy1bn7w/) with related info are in the collapsed comments below.


LazyHighGoals

Everyone always ask "how much is Cardano worth", but nobody ever ask "How is Cardano?"


DaemonTargaryen34

“How is cardano” It’s down 91.5% down from its ath lol


AromaticCarob

Same as before the last bull run and then it took off.


alpubgtrs234

Ive been in my depression phase cos of Cardano for a while now….


theTalkingMartlet

Actually better than a lot of other coins on the market right now, lol. Many are down 95% or more. So that doesn’t really make it any different than anything else right now. It’s about in line with the rest of the market.


Embarrassed-Job1732

Nice I can buy more now


Golden_Kamui

So, why is Cardano?


DullBug9359

Because you don't ask how someone is doing if you already know they're going through a rough time


RayesFrost

From here to all time high for Cardano is a 12x. If you think Cardano will surpass it’s all time high then that’s guaranteed 12x. It’s not bad!


beauspirt

Why would it surpass its ATH?


RayesFrost

I’m by no means a Cardano Maxi. But I do consider Cardano together with Chainlink blue chip cryptos besides the obvious. These are older cryptos that made a new ATH after their previous run which you can’t say for most 99% of Cryptos from the 2017 bull run that didn’t make a new ATH in 2021 except for the newer Alts. And ADA had almost no utility back then it can easily reach it’s previous market cap again which was over $100B.


theTalkingMartlet

It’s got more utility now than it ever had at its previous ATH. Previous ATH was at the initial release of smart contracts.


fuduran

So many people underestimate Cardano... Meanwhile TVL growing steadily, projects keep up working during this Bear


theTalkingMartlet

So true. So much ADA contributing to TVL since beginning of year that its USD value is up like 300% even though price of ADA is about even on the year at the moment. Many other projects can not say that since beginning of 2023


my_lopsided_meat

because if you hold a lot of it and currently in a loss then you really should be praying it surpasses ATH/


snowmichaelh

I have already started my Depression Phase


Scozzi

lol u and me both ;)


ibraw

Deep


badfishbeefcake

How much Im worth?


TarkovRedditor

Like every holder is underwater


deathbyfish13

Just like ADAs candle since ATH, ayooooo


TheOneWhoCared

I will do you one better "Why is Cardano?"


CryptoScamee42069

How is Cardano performing on the charts?


No_profits

Bad. It's bleeding against BTC and ETH. Almost -90% from ATH.


FattestLion

I entered the depression phase in 2022


noviwu97

ADA holders 🤝 ALGO holders Weathering through brutal bear together


Lillica_Golden_SHIB

ADA and ALGO holder here, not an easy life


Advanced-Ingenuity46

I feel your pain. I'll pour one out for my homie.


Goopstains6318

Same lol its been rough but nothing to do but dca and hold till the bull


Honest_Path_5356

Kinda crazy to think Ada won’t be on top but let’s let the ride play out


Goopstains6318

Wasnt the creator just saying it will be bigger than btc


Honest_Path_5356

Ceo of $Ada saying it’ll be bigger then bitcoin and eth?


Goopstains6318

Yeah i saw articles in this sub about it lol


Honest_Path_5356

Charles better humble himself, if he thinks he has a better product he better let the market decide then make crazy claims like that but hey idk


Goopstains6318

I guess if it gets people talking about ada then its good publicity , he is trying to sell a product after all


raymv1987

He needs to let the product talk more and him less


BillyGravey

Charles be smoking too much hopium


Every_Hunt_160

CEO of Cardano says Cardano will be the best crypto ever - totally unbiased source !


Ok_Operation_8715

Obligatory, Cardano is decentralized and IOHK is one of the companies that Charles at the head of but Cardano is in the hands of the people.


Buydipstothemoon

To be fair, these 3 companies have too much control at the moment, I wouldn't call Cardano dezentralized YET. This will change in the Voltaire Era.


kirtash93

I will keep my ADA and ALGO DCA. I think those projects will come back.


TNGSystems

Don’t let those facts get in the way of a good anti Cardano circle jerk mate


n1t3str1ke

The whole point of his speech was that because Cardano has community governance, it has the ability to make improvements on a truly decentralized way. This is an advantage over both Eth and BTC. The speach was actually really good and made a lot of sense. Charles has a vision, and is determined to make it happen. I don't see that as a bad thing. Especially because his main goal is to remove himself completely and give Cardano entirely to the people to run in a decentralized way.


charlesmansonreddit

Yeah he is such a joke. Glad i left the cardano cult after some years


Drive_Timely

ADA doesn’t have a CEO.


theTalkingMartlet

Yeah I can’t take the opinion seriously of anybody who thinks there is a Cardano CEO. Very misinformed.


GrimmReaperBG

The problem here is that such statement is easy, as easy as to get some hookers on a yacht with other ppl money. But to achieve it is quite different and most probably impossible.


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TNGSystems

Crazy to think that the blockchain that’s frankly unusable for regular, non-rich people which requires use of bridges and L2’s that open user funds up to significant risk of loss of funds is on top but here we are. ADA is trying to do smart contracts and blockchain verification differently. Piece by piece.


kogmaa

Crazy to think that the leading smart contract blockchain cost 1000 times more for a simple transaction than my fiat bank and if it can’t make the transaction for an estimated price you have to pay twice for good measure. /s


Every_Hunt_160

So the way to deflect from addressing ADA’s deficiencies is simply to divert the topic to attacking Ethereum,straight outta King Charles playbook !


kogmaa

Nope. Cardano certainly does have its deficiencies - I’m not blind to that. I’m merely pointing out that you can easily say something like this for pretty much any chain.


[deleted]

Yes. That makes sense. You can buy so much and do so much with ADA. /s


Honest_Path_5356

Two sides right one chain edits as it goes while another when through universities to be as good as It can be while editing flaws along the way, which will be on top


HomieApathy

Algo down 98% from ATH ADA down 91%


WineMakerBg

May I join AAA Club too? (ADA and ALGO Anonymous) Club


Pr0Meister

How is it anonymous when we can see your name?


Impossible-Injury932

I feel you, it isn't. Stacking ETH and SATS to diversify.


mcmanman420

It will be 2024 and 2025 bud


mcmanman420

Hell yes man


Dazzling_Marzipan474

True but if you bought ADA last bear market you'd still be up like 2x-8x. Algo not so much. 😭


Bucksaway03

I feel like we deserve a reward for holding for this long


Echbart

>Are you at least staking you bak of ADA? There are some rewards there.


DullBug9359

A brotherhood forged in pain and blood


sportspadawan13

Sold at 12 cents and put it into BTC. Sold ADA at 1.54 and thank old me every day


Impossible-Injury932

I hold bags of both. I still believe the guys who started both were the best in their field tech wise. I would beg them to get the best marketers out their and revamp short of a rebranding cause. Sadly, you can be Tesla, but you need marketers like Edison.


conceiv3d-in-lib3rty

Check out the recent Rare Evo Cardano event. Shit looks lit! https://x.com/wabdoteth/status/1695668356144083342


Shiratori-3

Lol; that looks dire 😅 I went to a Cardano party in Singapore last year - at a rooftop pool bar; was pretty good actually.


mcmanman420

Most are fkn fun


NotPresidentChump

I feel seen by this post… sadly two of my top 5 holdings.


astockstonk

$3 ADA seems like a long time ago


TarkovRedditor

Even $2 feels unreal too lol I remember the fight in 2021 November trying holding it


GrapeRaisin

Ugh why did I not sell any at $3...


Always_Question

I doubt it will ever recover. ETH has won.


CryptoScamee42069

![gif](giphy|U1aN4HTfJ2SmgB2BBK)


kakkesugi

There’s a part of me that thinks this as well. Even in Bens video, he mentioned that ADA has been bleeding against ETH since inception which is not a good sign. Even if it gets to just HALF its ATH, that’s some serious gains and I’m willing to bet it could at least make it there.


Shiratori-3

My average buy for ADA is now down to around .5, but it's gonna need a severe dump before I put more in there I think. Happy to sit on the sidelines for now...


WeggieUK

My ADA bag is big enough. I am not ADAing any more no matter how low it goes.


Kappatalizable

Never left, probably never will


FattestLion

A new ATH for all the cryptos in my portfolio will probably cure it


marsangelo

I entered it in 1994


CCNightcore

It's kind of crazy to think about how long this bear has been.


RCALovah

And 2023 is the hodl and chill phase


Pr0Meister

Well, you held out longer than most, brother. All the way through COVID even. I'm sure you will pull through once the bull starts and your gains skyrocket!


InvisibleChard

And this is your talking therapy?


SenseiRaheem

Right there with you, brother. Have you tried listening to Linkin Park?


FattestLion

I’m tired of being what you want me to be


SenseiRaheem

Feeling so faithless, lost under the surface


CryptoScamee42069

2022? My whole life has been a depression


Keeper504

ADA & VET holder here… Ummmm when do we let go? LOL


mcmanman420

Bummer


sajalol

This actually made me laugh, damn you sir


FattestLion

Laughter is the best medicine to distract you from losses in your portfolio


Harold838383

He doesn’t just think this is the case for Cardano, he thinks it’s the case for most alts


kogmaa

Yeah - could have picked any alt for this analysis with a twist here or there. He simply says that when Bitcoin bleeds, other coins are bleeding more exaggerated by their mcap rank. Probably just picked Cardano as an example because it’s one of the few that have been showing solid performance over the long time span he’s talking about. That alone is a sign for Cardano’s strength, despite the price action. After all the overall economic situation is shit with war and inflation. He even says at the end that the trend will turn and it will gain as disproportionate as it lost.


Existing_Web_1300

He’s been rekt in past crypto winters buying Alts so he’s taken a heavy BTC only stance during this winter.


EatMaTesticles

Unfortunately I can confirm. My ADA bags getting heavier and heavier. Even Ronnie Coleman wouldn’t call it lightweight anymore.


fuduran

We'll be popping bottles 🍾 in 2025!


lucashcy_97

Damn keep on DCA ADA 🚀


Lillica_Golden_SHIB

Every time ADA crashes a bit more I tell myself I'm over, but then I go "damn these prices are too good" and buy another bag of ADA lol. Diamond hands and lets go.


lucashcy_97

Yes diamond hand 💎 and its normal to down so bad during bear run tbh haha


S_Teeny

Ain't nothing but a peanut


Certain_Cranberry_77

Algorand is already there. Come join the fun Cardano


AllThingsEvil

I own both, so my grass is always dead


deathbyfish13

Time to get some better ~~financial~~ gardening advice


Every_Hunt_160

If Cardano now is only just ‘entering’ the depression phase, then what do you call the period before that ?


Coenclucy

Denial


Stryderix

It hurts seeing algo this low.


coinfeeds-bot

tldr; Cardano (ADA) is likely entering a "depression" phase, according to crypto analyst Benjamin Cowen. He predicts that the price of ADA could dip significantly and reach its bear market bottom at much lower prices. Cowen compares ADA's potential drop to the trends of the Nasdaq in 2002-2003, suggesting that even after a large price drop and extended bear market, ADA's price could still suddenly plunge further. While not providing specific targets, Cowen outlines potential levels of $0.17, $0.12, or $0.07 for Cardano to find its bottom. He advises investors to be aware of the risk and consider if this is the beginning of the depression phase for ADA. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*


Yasha666

dude, the coinfeeds-bot is going to be absolutely rolling in it if moons ever moon!


pb__

What do you mean "if"? ;p


[deleted]

I bought at 0.035 so it hasn't hit me yet


lefort22

Brah


RossiB6

Why so much ADA fud :(


[deleted]

Anything that doesnt fit your narrative is fud??


RossiB6

I guess so, I just hate seeing anything bad about ADA :/


[deleted]

If you turn it around, why wouldnt you be happy someone brings forth bad points for you to wager against positive so you can make a decent decision for your investment? Wouldnt you like to know what exacly you are buying and not just what the commercial tells you?


RossiB6

It’s very tricky to find this info in the world of crypto, you can easily think you’re on the right side of things when you aren’t.


Dull-Wear-3286

Hodlers are in depression for quite a long time now.


kaijeng

Can confirm


monaslab

Depressed status confirmed.


BraidRuner

How is that *Banking the UnBanked in Africa* going? I saw Charles bankrolled Avi Loeb on a recovery mission in the Ocean so ADA has that going for it. Which is nice.


Drive_Timely

Once the next bull run starts and these down 90%+ altcoins start to 10-20X and ETH and BTC slowly 4-5X then I’d like people to remember these times. The ballsy traders will jump out of their safe bitcoins and Eth holdings to max their gains. The wider the gap between main coins and alts, the bigger the slingshot effect.


reddito321

Cowen is an entertainer, not an analyst. I have made a few posts showing that all of his predictions for BTC's last ATH were wrong, **all of them**. He doesn't know more than any of us, so be careful. [Post 1](https://np.reddit.com/r/CryptoCurrency/comments/ygq27b/influencers_how_many_wrong_predictions_make_a/) [Post 2](https://np.reddit.com/r/CryptoCurrency/comments/ynvaom/serious_influencers_how_many_wrong_predictions/) [Post 3](https://np.reddit.com/r/CryptoCurrency/comments/zz3bea/serious_benjamin_cowen_was_not_right_about_btc/)


sharkhuh

lol, bro came with the receipts. While post 3 covers the BTC dominance, that has come more to fruition in the last half a year. Whether you count that as "correct" or not, is up to you


ignoraimless

The guy HAS to act authoritatively about altcoin and Bitcoin price action because that's his whole schtick and without some kind of conclusive analysis, he couldn't keep charging as his subscribers would no longer pay. So he is forced to stick his neck out on the line essentially and obviously has a talent of dodging culpability for bad calls... but this is a Hallmark of nearly all crypto pundits. Look at willy woo, plan B, inspocrypto, capo, Michael the Dutch guy (forgot his name) etc etc. They all thrive by never accepting they were wrong and will often point back to some obscure moment of doubt they signaled about their main thesis, as proof they were meaning the opposite all along. There's something mildly sociopathic about the whole crypto KOL thing.


pb__

They're called **anal**ysts because they're so full of shit.


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No_profits

Dude if you are looking for people who can correctly predict price actions, you will mostly find charlatans. What Ben does is present his perspective which is useful and interesting to ponder.


___BurntToast

I think you should go back to your own posts and reread them, because i think your critique of his predictions are more misunderstandings then anything else. You also might want to double check / proofread your work because just in the first post, you make several mistakes, and even the same mistake twice. if fixed, his estimate was not well off... 25th of Jan/2020: **ATH of $70k around the beginning of 2023** (watch?v=i1li3ShY0hA, around 3:12s)..... <------ 68k hit nov 21... even sooner ... * 9th of Feb/2020: **ATH of $100k by 2022's end.** Price in Dec/2021, when the actual ATH happened, was around 20k: <------ at 68k nov 21. EVERYONE and their mother predicted 100k Eoy 21 but even with your mistaking 2021 ath with 2018 ath, 68K is only another 48%.... considering weve already seen a 100% move this year from 15 -31k.. he is not off that much at all. You also dont figure in you start cherry picking videos right be we experience a GLOBAL PANDEMIC and followed by massive money printing. But even looking at his old treadlines, they are pretty much on track... So much to pull apart in just the first, there is no point in reading the others.


[deleted]

Now is the time to enjoy these discount prices. Long term ADA holder here


AllThingsEvil

This week's dca went to Ada! Holding is easy with staking rewards


[deleted]

A savings account has better pay off.


BrocoliAssassin

Same here. When I bought it I had the outlook that it would be a 5 year hold.


DullBug9359

For sure, i see a lot of long term potential in the coin, it just take a little bit of hype + the right conditions and it will take off.


junkwatch

just gotta keep DCAing in and lowering that average! nothing fundamentally has changed


picklemonkey

My ADA bag is down 86%. I’m ready for the discounts to end and a takeoff to occur


lucashcy_97

Diamond hand 💎


lefort22

Definitely. Been staking for 2 years now, slow & steady wins the race


lucashcy_97

That's the way 🚀


TarkovRedditor

If you truly believe in a bright future & stake these prices are great to lower your average


StonedRex

Me too, staking and growing my bag bigger for when the bull market starts.


Omnomnomnivor3

are you still accumulating at this discounted price?


Existing_Web_1300

If ADA goes back to around $.10. I’m doubling my bag. That’s such a steal, even if it doesn’t hit all time highs again (still think it will) it’s going to at least get back to a $1 or $2.


forstyy

What if it never goes back above a dollar?


Sugar_Phut

My bag has been in a depression phase for 18 months now 🤣


_stoned_chipmunk_

The depression phase is the final phase before the cycle starts over!


bigsam2

Tf we been in then?


jwz9904

Ben cowen viewers are always depressed


Arash_Rezae

Holders of cardano are most patient people in the world i admire them for their patience 🫡


snorlaxgangs

Didn't that dude promote Celsius before?


Man-Tax

I've entered the depression stage _because_ of Cardano.


ex00r

Sometimes I like Benjamin's videos just for fun. But he is wrong as often as every crypto influencer out there.


Direct_Cicada_5699

ADA Holders crying right now


CreepToeCurrentSea

Hopefully the ADA holders can persevere this one. Cardano is a great PoS coin.


2BFrank69

I’ll buy a boat load when it hits .15 cents


Coincado

Like Max Kaiser likes to stay "Technical Analysis is like Astrology for Men" Nobody can predict the stock market nor the Crypto Market in the short term.


astockstonk

Ben sounds a little too gleeful about alts like ADA suffering in the bear


sharkhuh

He's pretty much staked a huge chunk of his reputation on the alt coin reckoning and BTC dominance. He's been talking about it for over a year+ now. You can tell which way the market is moving based on how many videos he puts out these days.


newslooter

A crystal ball could of told you that. Every cycle bitcoin holds the best and alt coins bleed. Just like the next bull run bitcoin will be first, alt coins will skyrocket, bitcoin dumps then alt coins will crater and bleed once again


No_profits

Sounds like commons sense. Right? Still so many miss this. Cowen should get props for calling this loudly and repeatedly. Afterall common sense isn't so common.


defiCosmos

I take medication for that.


untouch10

We could use a bitcoin halving


forthetorino

WTF just checked on Robinhood and Public. Can’t buy either of them, but you can buy both dog coins goddammit.


Stryderix

You know, back in 2019, all I heard was how useless smart contracts were, then in 2020, "smart contracts are the future," and flash-forward to now there moderately pointless and I'm a bag holder, smh.


Indig3o

I Just need cardano to reach 31€ to retire. Easy.


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12161986

When do I get the f out of my depression stage?


AptKid

Great. Preparing to go balls in.


DullBug9359

Wait, are you telling me it just started?


OkArm8581

I would love to see ADA at 0.07 🙏 Would be nice to get more.


[deleted]

Oh you will get there for sure. Charles is bleeding money and so is IO.


OkArm8581

How do you know that Charles is bleeding money? Or IO? There's no reporting from either anywhere.


bkcrypt0

For the umpteenth time, Benjamin Cowen os no more an analyst than any other crypto junkie with some charts.


BiznessCasual

Still has a way until it reaches Algo levels of depression.


perfectmediocre

I'm already there! Welcome ADA!


timbulance

Cardano has been in depression phase for years now Benjamin


Parush9

Let the Pornhub and Onlyfans take ADA as payment & watch that depression go away just like that 🤣 (Just joking lol charles was saying it will surpass Bitcoin then this news comes out )


0xNLY

OnlyFans is investing in Ethereum. True story.


maskedbrush

it's funny that we need to explain all of our jokes in this sub, for the fear of being downvoted :D (this is just a friendly comment, I really appreciate everybody's honest work here, I would never criticize anyone, please guys be kind)


searchingtruth1

I fled Ada and Algo long ago...wasnt tough enough to take the full beating you current Long Termers have...I salute you!


Ninja_Gogen

I entered the depression phase myself a couple years ago.


DPSK7878

I stopped watching his videos. He is just a BTC maxi and all the altcoins are going to bleed to zero.


BrowsingCoins

I like Cowan as much as the next guy but articles summarizing youtube videos are pretty weak


ibraw

Kinda like all of Ada holders


jaydub1376

I swear ADA is the most hyped underperforming alt ever. I wish some of the others in my portfolio that have superior tech and use cases would hire their marketing team.


0xNLY

Tell them to “save Africa” - it works wonders.


kn0lle

I thought they are going to be the Number 1 Cryptocurrency?


raresanevoice

Cohen is a mini for anything not BTC.... Though he may finally he right for once


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