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What could this later mean for the ADA price in the next bull market? I think I am not going to buying.
Correct me on this one, but Cardano is following the likes of EOS, XEM, NEM and IOTA where they're at one point at the top, and while ADA is still at top 15 in terms of market cap, at one point the coin is at 6th, and now it's slowly going down, and I will not be surprised if in the future this coin will go below top 50 or even top 100 in terms of market cap.
Nobody's talking about it anymore online, the development around the project is very, very slow, and there's no marketing behind it. Aside from that, the project is just like a copycat of Ethereum. They're only using different platforms, but they're performing just the same. I don't see any difference between the two at least for me, and I'm a huge believer of ADA at one point and I even bought a huge amount of ADA and staked it. I made a few bucks though, but it isn't worth the time that I spent just to hold it.
What happened might be a sign that the project is on a downfall. Although I might be wrong because this is Charles Hoskinson that we are talking, but it's on the verge already. Like you, I will not buy this token anymore.