Many cryptocurrencies have lost more than half of their value from all time highs this year. From Polkadot to Uniswap to Dogecoin. Carano is not special.
I've been studying historical crypto patterns and they all have one thing in common, once the bubble pops, most of them tend to lose more than 90% of their price.
Carano is a fairly new project compared to Bitcoin & Ethereum. Therefore, should the same historical patterns play out, there are few support levels on the way down.......
This is a risky play equivalent to catching a knife mid-air. Play safe, this is not financial advice.