Hi to all.
As we all, i am also watching the situation of cardano coins and i would like to ask few questions, regarding this topic. Please consider that am quite new to crypo currency…
I buy some ADA when it was 0,85 and since then the price dropped almost double.
1.) What is defining price of cardano ( or any other ) coin ?
2.) How much is Cardano related to Bitcon or Etherum ( in other words, if one drop down why should the second one drop too ) ?
Let me, explain a bit more why am asking this.
Am watching the ups and downs of BTC / ETHERUM / RIPPLE and CARDANO.
BTC dropped down from cca 16K to 10K and according to this the rest of the coins dropped down also, but why are some coins falling “stronger” and some not. As some example i would like to put ripple.
This coin has fail down from 1,60 to 1,13 ( 2 weeks range ) and in the same time Cardano drop was from 0.73 to 0.49.
When i watch this 2 weeks range, ethereum has also strong ups and downs but the beginning and the end of this two weeks interval, are not so much different. What I ment is, it didnt fall so much like others coins. So, how is all this bonded and what is defining this prize range ?