One of the top questions we’ve received this week from our delegates is “how come the price of ADA is going down?” If this year is your first time ever investing in Cryptocurrency, then you’re probably wondering the same thing. Here at Lido Nation, we don’t pay much attention to the day-to-day price of ADA. This is because price is an ephemeral and unrealistic measure of success of any of the things Cardano or LIDO Nation strives to accomplish.
Since we’ve been asked so much, we wrote a general article in our blog section talking about why the price of crypto falls so steeply. Visit our blog to read the article. We try to make the article fairly generic, a reference for future comers arriving at these same questions. The patterns and theory presented will remain true for a long time.
tldr; what goes up must come down. One more truer metric than price to be excited or heartbroken about is your purchasing power.