Cardano in the Crossfire: Why I’m Still Bullish Despite the Chaos

Cardano is facing a wave of negative press and internal division, shaking community confidence and fueling price uncertainty. While critics question Charles Hoskinson’s leadership and the project’s direction, I remain bullish on Cardano


Cardano (ADA) has been receiving a lot of negative press currently from all angles and it has divided the community in multiple directions.
Anyone who knows me, Knows that I am a major fan of real world assets, and I remain bullish on Cardano for the long term, maybe long long term now, as there chain is by far one of the best out there.
However, with all the uncertainty within Cardano currently, and people starting to speak up against Charles, and his eccentric ways, and trying to decide the way forward now for Cardano, the price action is somewhat uncertain.

Cardano has use cases far and wide with law enforcement using it in the UAE for storing of sensitive digital data, and ensuring that it remains tamper proof, there is talks about how Cardano can help at a governmental level with Argentina, although there is no confirmed news or actual case mentioned as of yet, Charles has mentioned he is under an NDA, and posted images of him outside SpaceX, further speculating rumours of a potential real world use-case for Cardano. And lets not forget the unlocked Bitcoin liquidity we now have access too... It is hard, not to remain long term bullish on Cardano. 

However, on the hourly time frame we have this head and shoulders pattern starting to play out, I completely missed it yesterday when I opened up a long position, and got caught out - Which happens, however, on the short term, I would advise some caution as more downside is expected to play out here, and until the uncertainty and in-fighting halts, Cardanos price may suffer.
 


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