Is Cardano still a good investment? - page 4.

o48o

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Quote from: mich on July 04, 2023, 04:15:21 AM

Cardano has just completed 70 million transactions on its network. So I do not think any fud in the news is going to slow down the project. I will still hodl my ADA and hope for big gains in next 'bull run'.

There is still 1261 projects being built on it. And only 131 projects this far have been launched. https://ambcrypto.com/cardanos-latest-weekly-development-report-reveals-this-about-the-network/

Fud often hits the price, not the chain activity. And even if it was a security, it wouldn't kill ADA. It would just mean that exchanges trading it would need to be able to handle trading securities. Which most of the exchanges trading cryptos are not. Imho this will just make crypto exchanges complying more with regulators. In some ways it's a good thing. But i can see plenty crypto users seeing this as the end of free crypto. There are ways with ZK tech to comply with MICA for example. We just have to build us ready for regulators.

v3liana

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For amazing coin like cardano there is no doubt about the potential for cardano to reach that price. But the important question is "How long?", it gonna take so long for cardano to reach that price. I guess you still don't really know about cardano, i advice you to do more research before you put your money into this.

mich

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Cardano has just completed 70 million transactions on its network. So I do not think any fud in the news is going to slow down the project. I will still hodl my ADA and hope for big gains in next 'bull run'.

There is still 1261 projects being built on it. And only 131 projects this far have been launched. https://ambcrypto.com/cardanos-latest-weekly-development-report-reveals-this-about-the-network/

CapGelatik

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Quote from: lobo13hf on July 01, 2023, 07:07:58 PM

i'd ditch this as investment since there is significantly better alternative out there, currently sui is losing its value and plummeted so hard, I'd instead invest in this coin since there are still many events in the future that could cause the value to increase, I just don't think ada is good investment anymore but that might be only me, after all ada still having quite the market capitalization and volume which means its not gonna be dying anytime soon.

Yes, again, everyone has their own opinion regarding Cardano,
and for myself i still see Cardano as a potential coin and for investment,
We'll see how far Cardano movement will go.

lobo13hf

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i'd ditch this as investment since there is significantly better alternative out there, currently sui is losing its value and plummeted so hard, I'd instead invest in this coin since there are still many events in the future that could cause the value to increase, I just don't think ada is good investment anymore but that might be only me, after all ada still having quite the market capitalization and volume which means its not gonna be dying anytime soon.

bitgolden

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Quote from: o48o on June 27, 2023, 06:29:09 AM

Countries in plural but just one country like Indonesia?

I mean it's good news for trading it but support of one lower middle income country doesn't really cut it, nor i see it affecting the bullrun, as the altcoin bullrun could happen either way. Charts are already showing some support for it. Fundamentals are scary but ada isn't delisted from anywhere yet and court cases could take years with cexes like binance. They are not going to be able just going to shut it down. All exchanges trading ADA and other altcoins defined as securities are still following a lot of regulations and one issue isn't enough for shutting them down.

It is good news even if it is just one country but of course I agree with you that it is not as much as people would make you believe. It is just one nation and even though they are heavily populated that doesn't mean that we are going to see too much change all at the same time. I believe that the best thing to do in this case is to make sure that people have enough money to go around, and if they can do that then they are going to end up with a good profit one way or another.

I personally hope that the best return would be ADA finally realizing they are a company of devs and they need to keep coming up with new features that will excite the base. If they do that then the price will definitely go up with the joy of the investors.

lunnatic

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Quote from: Dr.Osh on June 26, 2023, 11:32:17 PM

Quote from: dansus021 on June 26, 2023, 09:47:42 PM

after BNB ARPA CHAINLINK now Cardano Grin

share a chart.

Just like the chainlink and bnb i have same common thought my short term target would 0.3 or alteast the gap need to be filled first at that certain of level and my mid target is 0.38

I also checked on CMC that the Cardano chart had a significant drop this year. however, I think it's quite reasonable if we look at the development of the bitcoin price as well which tends to stay at the level of $ 25k to $ 30k. this clearly affects the price of altcoins, such as Cardano. However, in the long term, the potential for Cardano is also quite large, perhaps like other popular altcoins. it's just that we can see if he really holds Cardano for a long time.

True, however, the decline experienced by Cardano was not without cause,
so I react to this calmly and don't need to worry,
regardless of what it is Cardano is still a coin that has potential I'm sure of it.

Tomcolor

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Quote from: Shobhikhan_007 on May 22, 2023, 07:27:09 AM

Advice :- If you do not know what you are investing just keep away from it.

Instead of cardano just look at ARB, SUI, BNB

No need to try over serious because op want details about cardano, which is good or bad investment issue. Away so cardano still have good invest in my mind because they have many investors community and there have many service where investors can makes some profits. Just a old project sometime believes us even you can buy dip, if the price of cardano gonna to down.

raidarksword

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It doesn't mean it has not moved yet, it's not good to venture anymore on Cardano. It just that ADA is just riding the market sentiments which is a bear market, not just ADA but all atlcoins not yet making moves. ADA still a blue-chip project that not gonna be ignored by anyone. Hence, bear market it's a good buy for ADA for sure because it's gonna make a move once market will slowly recover and head to the next bull market.

o48o

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Quote from: mich on June 27, 2023, 04:43:36 AM

Well even with Cardano issues with SEC calling it a security, there is still other countries who do not agree with this. Crypto Capital Venture founder Dan Gambardello still thinks we can see big profits from ADA cause of country of Indonesia.
He says the country is perfect to become Asia's crypto capital. Indones an government has added ADA as a commodity not a security so next 'bull run' could be big for hodlers of the coin.
https://www.cryptoglobe.com/latest/2023/06/cardano-ada-now-recognized-as-commodity-by-4th-most-populous-country-says-prominent-crypto-analyst/

Countries in plural but just one country like Indonesia?

I mean it's good news for trading it but support of one lower middle income country doesn't really cut it, nor i see it affecting the bullrun, as the altcoin bullrun could happen either way. Charts are already showing some support for it. Fundamentals are scary but ada isn't delisted from anywhere yet and court cases could take years with cexes like binance. They are not going to be able just going to shut it down. All exchanges trading ADA and other altcoins defined as securities are still following a lot of regulations and one issue isn't enough for shutting them down.

mich

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Well even with Cardano issues with SEC calling it a security, there is still other countries who do not agree with this. Crypto Capital Venture founder Dan Gambardello still thinks we can see big profits from ADA cause of country of Indonesia.
He says the country is perfect to become Asia's crypto capital. Indones an government has added ADA as a commodity not a security so next 'bull run' could be big for hodlers of the coin.
https://www.cryptoglobe.com/latest/2023/06/cardano-ada-now-recognized-as-commodity-by-4th-most-populous-country-says-prominent-crypto-analyst/

Dr.Osh

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Quote from: dansus021 on June 26, 2023, 09:47:42 PM

after BNB ARPA CHAINLINK now Cardano Grin

share a chart.

Just like the chainlink and bnb i have same common thought my short term target would 0.3 or alteast the gap need to be filled first at that certain of level and my mid target is 0.38

I also checked on CMC that the Cardano chart had a significant drop this year. however, I think it's quite reasonable if we look at the development of the bitcoin price as well which tends to stay at the level of $ 25k to $ 30k. this clearly affects the price of altcoins, such as Cardano. However, in the long term, the potential for Cardano is also quite large, perhaps like other popular altcoins. it's just that we can see if he really holds Cardano for a long time.

dansus021

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after BNB ARPA CHAINLINK now Cardano Grin

share a chart.

Just like the chainlink and bnb i have same common thought my short term target would 0.3 or alteast the gap need to be filled first at that certain of level and my mid target is 0.38

judaspriest

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Quote from: Psynthax on June 24, 2023, 07:18:04 PM

Quote from: Romeotom on June 24, 2023, 01:10:25 PM

Yes cardano like a good investment because they have lot of volume with larger investors community. Just a one bull waiting then cardano price will rising more in my opinion. Anyway new technology lot of good effect for a old project so if they have then they will long run.

I think when it comes to investing in relatively more established coin we should also be looking
at their performance based on past chart, though this coin was favoured by many it stuck for so long already that I doubt its gonna be that great in the future.

Basically it's normal that doubts will arise and I think it's about trust,
regardless I still see Cardano as a coin with potential,
we'll see what it will be like in the future.

Doan9269

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Quote from: royalfestus on June 25, 2023, 12:05:16 PM

To select a project for investment, rely on both your intuition and the available information. When someone asks such questions, it often appears as if they are seeking someone to blame in case the project fails. It is always recommended to diversify your portfolio when investing by choosing projects with varying levels of risk, both new and old. This strategy helps mitigate any potential losses in a project. Keep in mind that any project can face challenges, and no one has access to all the information all the time.

Another additional move is to thoroughly narrow the research on that coin and don't be emotionally persuaded, but rather have a good background study, Cardano has been among the digital currency one can invest on, we take the risk by investing on the currency to always have the opportunity to make profits, these projects also faces some challenges but many of them manage to stay due to rapid fundings.

RewFrew

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Quote from: JamesDaniel90 on May 22, 2023, 07:07:13 AM

I am looking to add one more Crypto to my portfolio and thinking Cardano but wondering how high this can really go during the next bull run.

I am looking for a 10x minimum between now and bull run and the current price is £0.29 with a £10billion market cap - the chances of Cardano doing a 10x next bull run are likely right?

I do not know too much about Cardano just that it is current top 10 and many rave about it, would be good to hear thoughts on this both good and bad.

Yes i think Cardano is still good coin for invest. Cardano is good position on cryptocurrency market. Now it’s position 7th on coinmarketcap. Today cardano prices is $0.29. And it’s marketcap is $10 Billion and today's volume $175 million. So i think Cardano is not as well as coin. Two years ago cardano price was near about $2.80. That was ATH for cardano. Now it’s price $0.29. I think in bull market cardano price will go moon. My thinking cardano price will easily hit $3.

So i am agree with you in bull market cardano price will go 10x easily. I also holding some Cardano and aspecting for 10x that's means $3. And i strongly believe Cardano price will go new ATH in future bull market.

royalfestus

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To select a project for investment, rely on both your intuition and the available information. When someone asks such questions, it often appears as if they are seeking someone to blame in case the project fails. It is always recommended to diversify your portfolio when investing by choosing projects with varying levels of risk, both new and old. This strategy helps mitigate any potential losses in a project. Keep in mind that any project can face challenges, and no one has access to all the information all the time.

sana54210

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Quote from: bitterguy28 on June 13, 2023, 12:18:12 AM

Quote from: TastyChillySauce00 on June 12, 2023, 11:49:45 AM

https://www.coindesk.com/business/2023/06/12/cardano-developer-iog-restructures-to-venture-studio-model-lays-off-some-staff/

Well done ADA. It seems like that this company has been turning into the small scale company. Who the fuck keep trust this garbage blockchain? So, billions of money wasted for nothing.

ADA is dead man. It tell you the truth. The company was starting to lay off caused by this is a non profit busines model. Waiting for another lay offs to come soon.

How I wish that many who tend to support Cardano will leave ASAP or they will be burned down together , just like what you said this has been a dead project and yes there are billions of dollars that already wasted and lets not add those who losses.
when we can survive investing in real and worth trusting one like Bitcoin or atleast Ethereum .

I know that ADA looks like its going to be crashing pretty hard, with all the bad news coming out of there, I know that it doesn't look good and there is rarely ever a recovery after such big cost cutting. However, I believe that if you do not have too much, then maybe sticking with it a bit is fine. I have less than 5% of my portfolio in ADA anyway, its very small, like 2-3% at most and that means even if it goes to zero, its not going to really matter to me all that much.

I believe that we are going to see it recover a bit when the bull run starts, they were in trouble due to bear run taking so long, and they need it to go back up eventually. Do not have a lot of money in there, but having something like 2% does look like it's fine.

houseatreidess

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Cardano is always a good option but I'd recommend you to keep your eye on Neon Link NEON
If you don't know what you're investing for then simply don't
Don't look at the charts and follow the hype
Dive into the subject! It's better for you

shinratensei_

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Quote from: mich on June 19, 2023, 04:38:02 AM

Well I do think it is now risky to invest in any alt coin. We just do not know when this losing of profits will end. It will happen we know this just when is the question to ask ourself.

If I am going to invest in a alt coin, it would be Cardano. It is much cheaper now and in last bull run of 202-2021 ADA has 16,000% gains. That is more then BTC 2,100% gains and ETH 6,000% gains.

I guess the massive pump was due to the fact that it's relatively new coins.
if we are comparing the percentage of gains within the previous bullruns we should also take into account what ethereum and bitcoin are initially.
they also have that massive increase but right now their increase significantly decreased because their value are already sky high enough that even the slight increase
would already make their market capitalisation added so much value.

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