ADA chart looks amazing, pointing towards $4+ but my gut tells me to stay away...

I have no idea why people would pump a coin with such a ridiculously high supply of 32,112,340,740 (32 Billion coins).

I will happily miss this move, because I think the valuation is getting crazy at this point.

The total marketcap of ADA would be 130 Billion and it would then be the third largest coin. For coparison purposes: HIVE would be worth $316 per coin at a 130 Billion valuation...

I don't see this kind of value in ADA, but the market is always right. We will find out soon.

One thing is for sure though, the correction from the coming highs will be deep and painful...

Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...

Have a nice day :-)

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