This is a real-time development and it is more probable that it would go up and not down.
BUT WAIT THERE IS MORE:
Objective ADA Background check:
I've been following the charts and although there is much debate regarding overpricing of the ADA coin, after studying Quora, Reddit and various pages in the search for the truth, the Twitter accounts of Cardano and reading the whitepaper, I have come to the conclusion that the features that Cardano will incorporate are going to have a beneficial impact to the blockchain tech. This leaves the issue of the actual implementation, will the devs do it?
This is where I hope to help you.
I am a Software Engineer so I have access to further data regarding the code commits ( the open source development of the Cardano Blockchain as a whole. After doing some digging in the Github and after reading the code reviews and comments I saw that there is a healthy progress:
- The number of Merged Pull Requests increased
- The number of Code Forks increased from 61 in late November to 231 today
- The number of watchers also slowly increased (this may signify more developer interest in the tech)
- The code issues increased but the number of closed issues eclipsed them meaning that while more people working on the project open up issues they are quickly resolved.
- The total number of code commits also increased a lot.
While this is not a real sign of price increase, it clearly shows developer interest in the technologies behind Cardano and signifies a future for it. It slowly builds value, the devs are working and progress is being made.
So I expect to see this increase reflected in the next Roadmap update. I guess we will see.
I will keep you posted, I bought a relatively small amount of ADA to put my money where my mouth is.
Sources:
Analysis is original work
A Tradingview real time candle graph
A Github printscreen of the latest issues regarding Cardano
I might research the code of XLM next. Cheers!