Buy the dip! Bottom in site.

The cryptocurrency market is down, but that isn't necessarily a bad thing.

Always Buy the Dip

The savvy crypto investor is always looking to buy when their coin of choice takes a dip. What this means is that investors are more likely to purchase cryptocurrencies that recently lost value in hopes of selling when they make a comeback. My coin of choice is ADA and over the past two weeks it has dropped over 20% and is looking like a comeback is in order.

When Will ADA Make a Comeback?

Since we are talking about the cryptocurrency world, no one should be surprised to see Cardano (ADA) making a comeback during the upcoming days. However, the cryptocurrency market is also impossible to predict which is why investing in altcoins is risky. Nonetheless, we can’t tell when or if Cardano (ADA) will ever make a comeback at the moment.

Overview

This is a PoS (proof-of-stake) cryptocurrency that utilizes the Ouroboros hashing algorithm. The total supply of Cardano (ADA) measures in at 31,112,483,745 and the circulating supply at 25,927,070,538 tokens. Nonetheless, Cardano (ADA) has a massive following and a supportive community that can be found on #Reddit.

Considering that this huge price drop has occurred over the past two weeks, we can safely say that Cardano is following along with BTC as are most other alt coins and will rebound soon.

Cardano (ADA) has a history of losing most of its value and then making a quick comeback. Therefore, Cardano (ADA) asset holders should consider this price drop just a bump in the road.