I agree with you, but the data about her are quite interesting.
In the last few days, the price of Cardano began to rise steadily above the resistance of $ 0.7000.
ADA rose above the level of 23.6% on the fib correction of the recent decline from $ 0.9860 to $ 0.6919.
A successful break above the resistance of $ 0.8500 and the trend line can start a new upward momentum.
Topic: Cardano is most likely an outdated an overvalued coin - page 2. (Read 343 times)
You have mentioned already Cardano in this Thread about Outdated coins
https://bitcointalksearch.org/topic/we-should-not-buy-outdated-and-overvalued-coins-5317811
Yet you created another single thread to point out Cardano individually to push that outdating issue .
have you wearing a problem against cardano team ? because it looks unusual for a account to make this act for a single coin.
https://bitcointalksearch.org/topic/we-should-not-buy-outdated-and-overvalued-coins-5317811
Yet you created another single thread to point out Cardano individually to push that outdating issue .
have you wearing a problem against cardano team ? because it looks unusual for a account to make this act for a single coin.
I do believe Cardano is overvalued but so is almost everything in the world now because of inflation, what helps Cardano is that it has a committed and dedicated holders that are staking their tokens instead of dumping them on exchange. I will wait to see how many project move to the platform and if they can have their own Uniswap moment just like Ethereum
Cardano needs to come up with a better idea, their team should gather together and start brainstorming.
It's quite difficult to happen. The business model that already proposed by ADA will not be changed again. I remember when this one was following the trend to create the smartcontract. This project is not bat at all but consider the valuation for a copy cat project worth multi billion dollars and that sounds really strange for me personally. There are lots of good projects outta here. I'm a bit surprised to see that it's not me who are feeling this project is over valued at this moment dude.
Cardano needs to come up with a better idea, their team should gather together and start brainstorming.
Why are they hanging out if they just want to get another new idea? Isn't it that Cardano's current price is still in a very good domain even though the price has decreased several times but the difference is only a little. 
Cardano got recently some attention by speculants but for fundamentals, Cardano is very weak:
Cardano is an old coin and based on outdated models, compared to advanced coins like Ethereum 2.0, Cosmos or Avalanche.
What made you say it's an outdated model? It's on POS and they are scheduled to release smart contracts next month. The same models being used (will be used) by the same blockchains you call as advanced.Cardano is an old coin and based on outdated models, compared to advanced coins like Ethereum 2.0, Cosmos or Avalanche.
I would compare Cardano to BCH, Tron or EOS. Cardano is a very similar age. All coins failed to deliever and will be dead coins soon. Tron is already abandoned because Justin Sun failed to meet his expectations.
Poor comparison. Ethereum failed so many times to meet deadlines on ETH 2.0 but you still call them advance.Because most coins, when initially started, have a vision and try to look if it works. Cardano failed to deliever it's initial vision (it started already 4 years ago and failed last bull cycle). New coins will replace it and people holding Cardano now will pay a high price.
What's their initial vision that they fail to achieve?
Cardano needs to come up with a better idea, their team should gather together and start brainstorming.
Cardano got recently some attention by speculants but for fundamentals, Cardano is very weak:
Cardano is an old coin and based on outdated models, compared to advanced coins like Ethereum 2.0, Cosmos or Avalanche. I would compare Cardano to BCH, Tron or EOS. Cardano is a very similar age. All coins failed to deliever and will be dead coins soon. Tron is already abandoned because Justin Sun failed to meet his expectations.
Because most coins, when initially started, have a vision and try to look if it works. Cardano failed to deliever it's initial vision (it started already 4 years ago and failed last bull cycle). New coins will replace it and people holding Cardano now will pay a high price.
We should avoid FOMO and instead have a look for FACTS because facts matter if a coin is succesful. Cardano is a very old coin and outdated coin here, it promised so much and delievered so little. Similar like Tron a hyped and overvalued coin.
See also here: We should not buy outdated and overvalued coins
Personally, I am not encouraged with this thought. Although, ADA has the ultimate rejuvenation compared to the advantages that ETH and XRP have. However, ADA is interoperable and flexibly extends the utility from its platform. Defi is another way to see the strength of ADA. There is no reason to reject a penny with power and fulfill new requirements in the future. It is a classical thought with a traditional breath.Cardano is an old coin and based on outdated models, compared to advanced coins like Ethereum 2.0, Cosmos or Avalanche. I would compare Cardano to BCH, Tron or EOS. Cardano is a very similar age. All coins failed to deliever and will be dead coins soon. Tron is already abandoned because Justin Sun failed to meet his expectations.
Because most coins, when initially started, have a vision and try to look if it works. Cardano failed to deliever it's initial vision (it started already 4 years ago and failed last bull cycle). New coins will replace it and people holding Cardano now will pay a high price.
We should avoid FOMO and instead have a look for FACTS because facts matter if a coin is succesful. Cardano is a very old coin and outdated coin here, it promised so much and delievered so little. Similar like Tron a hyped and overvalued coin.
See also here: We should not buy outdated and overvalued coins
if you look at ethereum is also outdated, network 2.0, only used as an excuse to cover all that. While projects like Polkadot and Cardano have arrived early, ethereum has just started developing new networks, isn't it too late. but the fact is they can still compromise on all of that. which means people see not the technology used. and what about btc, from the start to date there have been no significant changes. they still use PoW, and isn't that one of those outdated technologies too? But look at the fact, BTC is the number one crypto and no one thinks that this coin is not profitable.
What was the promise Cardano made that it didn't fulfil? Is Cardano older than eth or btc or waves? And if this is about the number of users on their blockchain I think this issue is subjective and not because of the age, perhaps more dev finds eth erc20 more user friendly than using Cardano,
Between those new networks you mentioned, they are new and the hype is still very much alive, but give them some years to be around and check their adoption level (not price pump wise) by then am sure new hype are out - then you can compare their achievements with whatever new projects will be happening.
Between those new networks you mentioned, they are new and the hype is still very much alive, but give them some years to be around and check their adoption level (not price pump wise) by then am sure new hype are out - then you can compare their achievements with whatever new projects will be happening.
Not gonna say I don't agree but comparing it to some new blockchain definitely it is being outrun by them. Polkadot, Avalanche, and cosmos and even solana has totally overtake cardano in terms of expansion. The most strong candidate to at least rival ethereum is no doubt polkadot as many projects has shown interest on this and made a trend in the crypto market.
I could say cardano is one of the top but in terms of adoption they are literally behind on these mentioned projects.
I could say cardano is one of the top but in terms of adoption they are literally behind on these mentioned projects.
Cardano got recently some attention by speculants but for fundamentals, Cardano is very weak:
Cardano is an old coin and based on outdated models, compared to advanced coins like Ethereum 2.0, Cosmos or Avalanche. I would compare Cardano to BCH, Tron or EOS. Cardano is a very similar age. All coins failed to deliever and will be dead coins soon. Tron is already abandoned because Justin Sun failed to meet his expectations.
Because most coins, when initially started, have a vision and try to look if it works. Cardano failed to deliever it's initial vision (it started already 4 years ago and failed last bull cycle). New coins will replace it and people holding Cardano now will pay a high price.
We should avoid FOMO and instead have a look for FACTS because facts matter if a coin is succesful. Cardano is a very old coin and outdated coin here, it promised so much and delievered so little. Similar like Tron a hyped and overvalued coin.
See also here: We should not buy outdated and overvalued coins
Cardano is an old coin and based on outdated models, compared to advanced coins like Ethereum 2.0, Cosmos or Avalanche. I would compare Cardano to BCH, Tron or EOS. Cardano is a very similar age. All coins failed to deliever and will be dead coins soon. Tron is already abandoned because Justin Sun failed to meet his expectations.
Because most coins, when initially started, have a vision and try to look if it works. Cardano failed to deliever it's initial vision (it started already 4 years ago and failed last bull cycle). New coins will replace it and people holding Cardano now will pay a high price.
We should avoid FOMO and instead have a look for FACTS because facts matter if a coin is succesful. Cardano is a very old coin and outdated coin here, it promised so much and delievered so little. Similar like Tron a hyped and overvalued coin.
See also here: We should not buy outdated and overvalued coins
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