The Sky Is Falling – Sell All Your ADA NOW!

Just kidding.

In fact, you should use the current dip – which saw ADA reach a several-months low of $1.95 (the live Cardano price at the time of this writing) – as an incentive to buy more ADA.

Of course, if you bought in at $2.50 or even $2.20 (or thereabouts), you’re probably kicking yourself right now.

But calm down. Seriously.

It’s remarkably easy to get caught up in the daily/weekly ebbs and flows of the volatile crypto market, but you do so at your own peril. For ADA swing trading, of course, it’s imperative to be caught up in the Cardano news and to follow it closely.

But for everything else, it’s imperative that you don’t.

Instead, simply make sure that you delegate all the ADA you hodl and that you’re earning free ADA every epoch. This alone can make 10-20% dips seem less scary and less pressing, but it’s also a core part of why Cardano’s investment potential is so high compared to many other crypto coins.

Granted, we’re not saying you should focus exclusively on ADA. We’ve done that at times ourselves, and we’ve missed the boat on other assets as a result.

We were slow on the uptake with Cardano rival Solana, for example, and we’ve seen Polkadot pop off when we weren’t looking. We also missed the Dogecoin hype train, failing to capitalize on its 10,000% gain year-over-year.

But at the end of the day, none of that actually matters.

So again, don’t panic, and definitely don’t panic sell your Cardano. If anything, at just two bucks per ADA coin, you should panic buy some more of it.

Remember, exciting things are happening. Cardano partnerships are growing in number by the day, as is the network’s influence.

NFTs are on the way, thousands of smart contract solutions are being rolled out, and the Cardano metaverse promises to be a fun and profitable (virtual) reality for all involved.

Of course, we’re big on ADA. That’s kind of our thing.

However, for those of you interested in other coins (albeit to a lesser degree than Cardano, because Cardano is king), we’ve been thinking on a fun little diversification experiment.

As laymen, of course, we want this to be as simple as possible. And while past performance is not an indicator of future gains, it’s the best metric we have.

To be clear, we don’t know what the outcome of this academic exercise will be until we finish it. So you’ll get to experience the results alongside us in almost real time.

Here we go!

30-Day Crypto Investment Experiment

So you’re new to the cryptocurrency game and want to get into multiple cryptos to “guarantee” yourself a nice profit, do you? Well, so do we.

Our tack? We’re going to take a look at the top 20 cryptocurrencies by market cap (via CoinMarketCap) as they stand today, and we’re going to assess their performance over the past month.

Our premise: If we’d put $100 on each of the top 20 cryptocurrencies thirty days ago, we’d have made a substantial gain on aggregate from then till now.

Let’s see if that pans out, and then we’ll use the tack to determine whether this is a move we – and you! – ought to make over the next 30 days.

The sole caveat, of course, is that the current top 20 crypto coins aren’t going to be the same exact top 20 coins from a month ago.

Still, there’s enough stability at the top end of the charts to make this a decent approximation.

Also, were not including “wrapped” cryptos or stablecoins, as the former coin (WBTC) is accounted for via the price of Bitcoin itself, while the latter coins (USDT, USDC, BUSD) never waver from a value of one dollar.

Finally, for simplicity, all values are rounded to the nearest hundredth of a percent, and exchange/transfer fees are not considered. Thus, these estimates will be slightly liberal rather than slightly conservative.

Without further ado:

  1. Bitcoin (BTC) – 37.10% increase, $100 = $137.10
  2. Ethereum (ETH) – 32.96% increase, $100 = $132.96
  3. Binance Coin (BNB) – 34.04% increase, $100 = $134.04
  4. Cardano (ADA) 9.64% decrease, $100 = $90.36
  5. Solana (SOL) – 32.63% increase, $100 = $132.63
  6. Ripple (XRP) – 10.48% increase, $100 = $110.48
  7. Polkadot (DOT) – 49.00% increase, $100 = $149.00
  8. Dogecoin (DOGE) – 22.89% increase, $100 = $122.89
  9. SHIBA INU (SHIB) – 834.58% increase, $100 = $934.58
  10. Terra (LUNA) – 5.01% increase, $100 = $105.01
  11. Uniswap (UNI) – 9.26% increase, $100 = $109.26
  12. Avalanche (AVAX) 5.88% decrease, $100 = $94.12
  13. Chainlink (LINK) – 26.20% increase, $100 = $126.20
  14. Litecoin (LTC) – 24.37% increase, $100 = $124.37
  15. Polygon (MATIC) – 66.56% increase, $100 = $166.56
  16. Algorand (ALGO) – 8.18% increase, $100 = $108.18
  17. Bitcoin Cash (BCH) – 12.80% increase, $100 = $112.80
  18. Cosmos (ATOM) – 2.19% increase, $100 = $102.19
  19. Stellar (XLM) – 25.13% increase, $100 = $125.13
  20. VeChain (VET) – 46.36% increase, $100 = $146.36

Taking the above and adding up all our gains, we would have turned $2000 into $3,264.22.

Now, nobody ever heard of SHIBA INU before a month ago, and its still a bona fide shitcoin with a current market price of around $0.000068 or so.

That’s the biggest gainer on the list, and we’ll go ahead and remove its tally from the total (while still including the $100 spent, giving us a very conservative result): $2429.64.

In summary, over the last 30 days, our $2000 would have turned into $2429.64, for an increase in value of 21.48%.

A 20%-plus return in a month is pretty dang good.

Now, if you extrapolated the above out over the course of an entire year, you’d be sitting much, much prettier.

And that’s exactly the point.

So try this: Take the top 10 or top 20 crypto assets by current market cap, eliminating any wrapped assets, stable coins, or obvious shitcoins (i.e. SHIB) from the list. Then, put $100 on each of them, and wait a while.

And while you’re at it, buy more ADA, too.

You’re welcome.