Topic: Cardano is most likely an outdated an overvalued coin (Read 343 times)

I agree here, some overpriced coins will result in huge losses if people don't sell at a good time. Many people are in profit and will sell, it is always inevitable. We have seen it very often already.


You are funny!
Developers are liking Ethereum for a reason! It is because Ethereum is very developer and user friendly, easy to integrate in existing computer science and easy to transfer such coding projects.
Nobody will use outdated coins like Cardano, developers don't like it because every one is using Rust and C++


You should really do some education for you. You are an dumb idiot, what you wish here, will come back to you and you are not entitled to speak for someone else or you will be caught red handed! I suggest to remove your foolish post from my topic!
Your post is not only wrong, it is also a huge disappointment to see people here writing such shit like you do! Big shame for your lack of education!

Main issue for Cardano is still a technological lack of innovation. While new projects deliever answers and solutions, Cardano only delievers promises and nice sounding marketing.

I think cardano is still having a good support in the market, it among the top five with price less than a dollar. $0.91 exactly and a little bullish in 5% .It is still a choice to make, for mean I think it is not overvalued, it is a nice project but the team need to work hard more.

The main issue Cardano has that it will eventually grapple with even in the event that it should succeed is that it provides for unequal access to information about metadata of transactions. This is a feature that is presented as providing some utility and solving some problems but it is not the best way and eventually leads to centralized control through regulation as nearly admitted by the creator himself. He says that information is useful to regulators but by not providing it to everybody it preserves privacy. This is a partial truth. If the information is available to some but not all it naturally concentrates and centralizes around those that it is available to over time. The better method is to design for the system to regulate itself well without human intervention and prove that it is not necessary.

ETH, ETC and ADA best in all three tiers. ETH went 2.0, which makes room for ETC to takes its place. ADA is a whole new type of crypto with a socio-economic aspect to it. It was made by one of the developers of ETH and it learned from all the mistakes from it’s predecessors to make currency “for the people”. Too much to type but do your research on Cardano (ADA), get into staking right now if you can. ADA is almost a dollar, and rising quickly and at that price the growth potential is very nice.

I assumed he was a dumb person, and it seemed that what I thought was absolutely correct. Just ignore his point of view, as he doesn't seem to be getting a good return on ADA or worse, investing in it at a loss.

If it's not good no one will need it, which is an inevitable rule, and in terms of technology, OP has the capacity to evaluate the success of a project. It has great growth and potential, so if he doesn't accept the truth, he will be a dumb guy.

LOL.. this is really funny. OP claims that Cardano is an outdated coin, when compared to "advanced" coins such as Ethereum. I am 100% sure that he hasn't compared the technology of these two cryptocurrencies. ETH is a second generation cryptocurrency, which uses languages such as Rust, C# and C++. On the other hand, ADA is one of the most advanced third generation cryptocurrencies we have in the market, and it uses an advanced algorithm written in Haskell. When ADA first came online, they faced a few issues such as storage. But those issues are resolved by now, and that is the reason why it is going up nowadays.

I guess you don't hold it and it is sour grapes to you but you are the one who will turn out to be the loser. Unless you are trying to buy more before it explodes and trash it so others wouldn't raise price, then nice try

I don't think so, because I value it very potential in the future. It can be said that many people do not like the way it is doing in this market, since a coin is in the top 10 that its ecosystem is completely empty. I have a different mindset than that, that maybe they're preparing everything and when we're ready we'll see how it explodes.

It will be a huge loss if you only watch the movement of the ADA token without taking advantage of the conditions of the increase, because so many people have been able to gain profits through ADA tokens, especially at the beginning of this year.

You need to work with your knowledge about this project and start moving.

The train is moving again and if you are just going to watch without doing anything, you'll see yourself again being left and all you got
will regret by looking into this kind of perspectives without taking action, if you do believe that ADA have a good future ahead better to
act and move your investment and wait for your sweet gains.

ADA is now mooning again 🚀🚀🚀 better start watching the ADA

Quoting for future reference. Neither you nor I have a crystal ball to say crypto community won't use their products once their smart contracts are launched. Time will tell.

BSC and PolkaDot are already sucking out projects that were originally launched in Ethereum and Cardano has a catching up to do. Users are also moving out of eth DEX and DAPPS because of the insane fees. There is also no clear timeline for Ethereum 2.0 to be launched and it might take several years. Before that happens, Cardano platform is already set for POS, DeFi, and NFT.

Some articles that you might find interesting:
https://blockchaintechnology-news.com/2020/12/cardano-building-bridges-ethereum-new-kevm-testnet/
https://artificialintelligence-news.com/2020/10/01/full-stack-ai-solution-singularitynet-ethereum-cardano/

100% agreed!
It is of huge importance to have a good idea and make it working, so many coins fail to deliever a product. We all know a picture from ICO horse, where it looks very well before ICO buy when finishing, it doesn't work and its a crappy drawing. So many coins end like it.



Based on tech and innovation, I'll quote here:


Your comparison is poor. Ethereum is a running project, has proven huge adoption which Tron and Cardano never achieved and it's a huge difficulty to move Ethereum to Ethereum 2.0. Vitalik is a genius, he has developed and and he knows very well it needs time. Ethereum 2.0 will be huge we haven't seen before.



Delievering a working product comparable to Ethereum 1.0




Yes, because it is, same for Tron: https://bitcointalksearch.org/topic/tron-is-an-outdated-coin-5317808




+100
Very good comment, best one I have read so far. So many projects are completely useless and only based on promises and empty marketing. A project is good if it's a working product.




Where are your arguments? I don't see any!
Cardano failed to deliever for 4 years now, it is insane people are setting it at place 5 on Coinmarketcap! IT IS INSANE! Pure speculation basey on empty promises and marketing. So many projects do it but Tron and Cardano are massively misleading everyone.
I want to see a SOLUTION to scalability and high fees! What did Tron and Cardano? Promises and marketing!! But no solutions.



You are clearly silly here. Someone who doesn't have a clue about what shitcoins you are defending here.
It's completely silly to deny innovative tech would not be useful.
LOL! Innovative tech is what makes a project successful. Before you submit non-educated comments next time, maybe do your research or use simply google search or common sense. Marketing doesn't improve a project, keep in mind.

High price does not mean it's a good project. Did you see when Ripple was sometimes ahead of Ethereum? Ripple was place 2 last year. And now? Ripple is gone because Ripple marketing does not work anymore.
Price is only a temporary point in time, if a project can't deliever, price will go down.
And no, it's not personal opinion, it's a fact because only innovative tech will be successful.

That's the danger with all these old projects. That they constantly have to keep developing and appear more and more sophisticated and why? Because simply they don't have the users they need.

Litecoin (and Dogecoin even), aren't supposedly so sophisticated but have a userbase. So they don't need to appear new and shiny and not be overvalued even at current prices.

Very silly judgment, I believe you do not understand anything about it. If it is being overvalued then what do you think its actual price is right now. The issues you mention are just your own perspective, your personal opinion never makes much sense for projects like these, they have their own development strategy.

More importantly, it's still doing well !!!

I am not following cardano closely but they haven't been on the spotlight for their platform or any good way that I know of.
They have been here for years, they have a good community and following, but they don't have any popular tokens, dapps or smart contract on their platform while they've been calling themselves an alternative of Ethereum. They are thriving on staking but not sure how sustainable it is.

Op you are 100% wrong about cardano, maybe you are one of those people who always expect 1000% gains from every coins they invested money on? Just a guess cos many people on here knew that cardano isn't a small project, if the project failed to meet your expectations then its nobodies fault

but what's happening in the market, we see ADA holding up pretty well. compete with other platforms and ADA has a strong market.

so you mean current ADA on the bubble stage ? , i still remember when most speculan says ADA is going to retrace by end of january, and where the retrace ? it's even x3 since middle of january. its too complited about it, i mean , ADA overvalued indeed, but market movement seems keep pump it up. how about doge btw ? its more overvalued but, market seems doesn't care. people keep buying it, no matter what, and big holder seems no interest to take anyprofit from it.

Cardano: a dApp platform that doesn't have any dapps. It's nice they currently get the fifth rank despite all they have is only promises.

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.

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.

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

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. 

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.

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.

Poor comparison. Ethereum failed so many times to meet deadlines on ETH 2.0 but you still call them advance.

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.

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.

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.

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.

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