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Why the price of ADA goes up?

Discussion in 'CryptoCurrency' started by nasia1301, Nov 29, 2017.

  1. nasia1301

    nasia1301 Junior Member

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    Hello, I have been watching the price of ADA coin (Cardano) go up these days. Yesterday at some point it went +145% in some hours.

    What I am asking is, what did the price go up so sudden? Something happened or just a lot of people invested and bought the coin and the price went up?

    And then they will all sell and the price will fall?

    Sorry, for the noob questions, I am just waching the numbers and trying to understand the market. :)
     
  2. papasound

    papasound Junior Member

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    There was concern around because of parabolic growth of bitcoin, so smart people where dumping btc into altcoins, to survive the storm if any, most of them seen 30-200% percent growth last week. Cardano is made in Japan and Japanese hold 63.96% of bitcoin so some of them dumped on Cardano. It's good product though i love Haskell.
     
  3. nasia1301

    nasia1301 Junior Member

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    So you think Cardano will go up or remain stable?
    I wonder if it's a good investment but I worry that it will crash.