ICYMI: despite Cardano's successful start to 2022, its profitability remains below 20% ADA $ADA CardanoCommunity
The profitability metric can also act as an"overbought" and"oversold" signal generator. Whenever an asset's profitability reaches or exceeds 90%, traders or investors are more likely to take profits, which then causes a cascade of liquidations and further reversal of the uptrend.
In the opposite case, when the asset's profitability is extremely low, it is more likely that more fresh buying power will pour into it as at a massive loss are less likely to sell at the bottom. This creates an opportunity for upwards movement.Despite being one of the most fundamentally developed projects in the industry, Cardano does not seem to be popular among retail and institutional investors as it almost completely missed the bullrun between September and November.
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