Cardano (ADA) has been struggling lately, with its price dropping significantly. This has left many crypto traders feeling gloomy about its future. But one analyst, Ali Martinez, believes this might be a good time to buy.
“Buy the Dip” for Cardano?
Martinez argues that Cardano’s current “depression phase” could be an opportunity. He suggests that now is the time to accumulate ADA, as the pessimism surrounding the coin could eventually lead to a price rebound.
“Cardano investors seem really down about the market right now,” he says. “But that’s often when you find the best deals. Selling now might not be the smartest move. Instead, buying ADA while everyone’s feeling negative could pay off in the long run.”
Ethereum at a Crossroads
Martinez also points out that Ethereum (ETH) is at a crucial point. He believes that if ETH can hold above $2,300, it could surge towards $6,000. However, if it falls below this level, a drop to $1,600 might be on the horizon.
The Bottom Line
It’s important to remember that investing in cryptocurrencies is risky. Before making any investment decisions, do your own research and consider your risk tolerance.
