Cardano is wriggling away from its losses, but are HODLers in full support?
Cardano is not alien to bullish price jumps, and despite the gloom in the broader industry that has seen the combined crypto market cap slump by more than 4% for the week, the likelihood of ADA printing a solo upshot cannot be ruled out. Thus far this week, Cardano has not met or shown enough grit to meet some of the projections from market leaders.to insight from Elliott's wave indicators.
Herein lies the key roadblock to the imminent bullish revival of Cardano, and that is antagonistic actions from key HODLers of the digital currency. Another roadblock foreseeable in the long term is any imminent delay in some of the growth initiatives outlined by Input Output Global .Dangers of playing more than second fiddle
In the race for dominance as the most versatile and robust Layer 1 smart contract enabler, Ethereum is still considered the largest blockchain protocol. Cardano, riding on the strength of its technology and consistency in innovations and upgrades is considered the next in line.is a major threat to the ambitions of the protocol both now and in the future.
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