Cardano has seen a 45% recovery and went from $0.48 to $0.68m in a couple of days. A 45% rally in a matter of 48 hours was unexpected. But its 13% fall right after that might have fooled a few into believing that a bull run is on its way.
But on the 1st of June itself, the coin came back rolling down. This has been said to be another fake-out. In March also the coin went from $0.80 to $1.24 in just a fortnight. People who have been following the ADA said this was another fake-out and no bull run is starting anytime soon.
On the other hand, experts say that the bear market will run supreme and not make any significant changes in the coming time. With all the coins recovering slowly but surely and bull run cannot be seen anytime soon.
On top of that USDT and LUNA crashed and lost almost all of their value. This means people will be shy away from investing in crypto for a while now. Not only that investor confidence is also on the lower side of the spectrum it seems that people are also abstaining from investing in crypto.
With the market being low it is the best time to add more crypto to your portfolio. DCA will help you offset any of the losses and you will be able to get the best out of your investments. This way you will reap the benefits of systematic investments when the time comes.
