Is there a chance that the value of Cardano could drop to 0?

ALL cryptocurrencies can drop to a value of zero or very near zero. This has already happened before and will keep happening.

They are NOT commodities with real world use or shares in a productive business. There is no backstop to their price. The price is purely based on what others are willing to pay for it.

I would advise STRONGLY against “HODLING” any cryptocurrencies, with a special emphasis on altcoins. This is not a wise long-term investment.


previous analysis:

Pump the idea for more trading ideas.

Kommentera:

Highly likely it will go to near zero if not zero.

Kommentera:

Once the time comes I will be buying this and bunch of other shitcoins, once the fed pivots. It will be probably around September this year .

Kommentera:

to zero