Do you consider Cardano a bad investment?

[Fidelia]

I was just studying the Cardano crypto and I realized that in 2021, it's price was about $2. One would have expected it to continue rising and not fall the way it has fallen till it is just 32 cents as at now. Do you consider Cardano to be a bad crypto investment?

 

[Augusta]

From the look of things now it can be seen as a bad investment. But that's crypto for you it would raise again

 

[magnus2022]

Cryptocurrency market can be very volatile and very unstable. To be successful in cryptocurrency market you must study the market very well and make right decisions. I still believe that cardano will still rise. Just be patient.

 

[Nomad]

Until a year ago, I loved Cardano. I was frequently buying ADA and staking ADA to earn rewards but I have lost faith in Cardano

 

[King Belieal]

I don't think that Cardano is still a very good investment option as at now. It would mean quite a lot for it to rise again though.

 

[Webster]

I was just studying the Cardano crypto and I realized that in 2021, it's price was about $2. One would have expected it to continue rising and not fall the way it has fallen till it is just 32 cents as at now. Do you consider Cardano to be a bad crypto investment?

Short answer: if price is any indication, it would appear so.
Long answer: its' crypto. The prices will go up and down untethered to anything but the broader economy and unless you're either one of Bitcoin, Ether or Solana more so.

 

[Xtynehappy]

For one to make any investments they must have done a due diligence before taking some actions

 

[Suba]

Even during 2021 the price of Cardano reached $2.9, and is currently only at 0.96, Initially I had ADA worth $500 which was staked in a wallet, but now it has decreased a lot, if I withdraw it of course I will lose, so I better wait for the altcoin season moment.

 

[Niyi Br]

When you look at how cardano has fallen, it is fair to say that the project has really failed to kick off.

 

[riberet19]

It is really not a bad investment, it all depends on your point of purchase, if you bought at 0.20 cents it is not a bad investment at all, that is why the point of purchase is something extremely important.