Topic: Opinion on Cardano - page 4. (Read 1283 times)

A YouTube series 'Cheeky Crypto' host named Nick has some very 'bullish' longterm price predictions for ADA.

In the video he predicts longterm ADA can be worth $26 per token. https://www.youtube.com/watch?v=sTkRtt3etg8

Cardano is weak in Marketing, that's why its development is so slow. The problem is that many users don't understand Cardano, and are far behind competitors like Dot and Solana and even Metic.
But I believe. For long-term interests, it is better to do a DCA strategy. Because I think it's a good project too. In my opinion

Same bro, I also have 25% of my portfolio on Cardano, Cardano is really cheap now. innovatively and fundamentally in the long term can grow, as a team there is Charles Hoskinson, he is one of the founders of ethereum, obviously he has experience and knows what it takes to create a blockchain platform. and even from the way of development Cardano does use a good way, making papers, peer reviews, etc., we only keep the old ones.
The fundamentals are clear, the market cap is also good, the products are there and clear.

There is a lot of hype around TFS on the net right now. I don't know about the ADA

Few Things to Consider while evaluating Cardano

1. Firstly it is launched by Charles Hoskinson, one of the co-founders of Ethereum who left the organization due to the fact that Ethereum is non-profit based
2. He created IOHK which is a for-profit organization which is behind the Cardano Project
3. Cardano uses UTXO model for its smart contracts and allows devs to write in Haskel which is a functional programming language
4. While its considered that UTXO is good for parallelization, but it is not better to create arbitrary programs like we do in Ethereum
5. Due to the fact of Haskell's complications, slow updates by the development team there is no chance that new developers might develop on Cardano, only big teams granted funds by IOHK or any other bigger organization that was compelled to build on cardano for its ecosystem may be
6. You cannot expect a new DApp coming through cardano, so there is less to no innovation (in the smart contract side)
7. While these are the concerns, Cardano's node completely written on Haskell is very secure and might be the best language to write client node !!!
8. They have roadmap for a payment channel system (Like lightning network), also updating their smart contract language
9. There was this concurrency problem in Cardano which was as expected by anyone who understands UTXOs that they are individual outputs.
10. They provide same smart contract functionality like Bitcoin-SV which tells Bitcoin Script can do similar programs like ethereum, but they may not due to the fact that Bitcoin and Ethereum are two different account models
11. There is no major Bitcoin-SV adoption so they say they are partnering with countries, governments, etc, etc which exactly cardano does.
12. there is a good future for ADA since it is a bit matured and has a good community as opposed to Bitcoin SV and it has a noteworthy founder.
13. But I can see no newbie developer adoption into its smart contract framework as it is based on UTXOs and needs a seperate design theory to develop applications.

Everyone has their own opinion on this coin, but my opinion is that it's a pretty promising coin, I have ADA sitting in my portfolio along with TFS and those two alone are still making me more profit than the other 80% of coins I own 

An online wallet app that supports crypto has given me some free credits and what I did is that I've purchased ADA. It is not that I like ADA or whatnot. But because it's cheap and hope that I can have a lucky day from it when it starts to pump. I don't know if it will but since it's just free money that's given to me which isn't a lot, this has given me interest to know some updates on it. Basically, I have no idea what this project is going to be for the next upcoming years and the portion that this have on my portfolio isn't that big.

An update is good, but what's the point of this update if the ADA penetration rate in DEXs and Dapps is extremely low and losing the competition? I'm barely familiar with the ADA exosystem, but I use DEXs a lot and it's very hard to find any popular solutions that support this network. I'm not sure that in the next 5 years we can expect some big leap from ADA in adoption among supported networks among different services.

There are mixed sentiments about cardano but the recent Alonzo upgrade has finally made cardano a mighty option for dex and dapps. The low price of cardano too can be helpful in increasing the adoption of the coin for dex and dapps. But it has fierce competition from other similar contender like Solana, which has a much lower transaction fees compared to cardano and had a range of already popular dapps and dex. The market still has a large space to grow and the success of cardano depends on weather it would provide similar if not better features than its competitors.

Well Cardanos creator Charles Hoskinson is giving us holders good reason to not sell our ADA. He has said he thinks it will become the largest cryptocurrency with its governance model and decentralization.

Even more then Bitcoin and Ethereum. His comments did not make the coin earn gains but I think we are going to see profits next Bitcoin bull run.

https://www.fxstreet.com/cryptocurrencies/news/charles-hoskinson-says-cardano-will-beat-competitors-bitcoin-ethereum-become-worlds-largest-cryptocurrency-202308261307

Cardano is a decentralized platform for creating smart contracts. Cardano's technological benefits offer more cutting-edge technologies, just like Ethereum, which uses Ether coins as cryptocurrency tokens or currencies. Cardano is regarded as one of the ground-breaking projects in the world of crypto assets because it has an environmentally friendly blockchain network as well as layered security. ADA aims to create a third-generation blockchain that has interoperability capabilities (the ability to cooperate between several things) and scalability functions (can be enlarged). Cardano is therefore a highly wise investment over the long term.

Cardano still is one of the highly active project on Github. The developers are still invested on improving it. Cardano's niche has a lot of competition and with the bearish trend, the market of smart contracts and dApps has decreased. With such small scope and a lot of choices to make with, developers tend to focus on those platform which they are already used to developing their apps. Though Cardano supports multiple language like Plutus and Marlowe, Solidity is still a leader as it is supported in multiple chains. Cardano could be a big thing but for that we need to have a huge growth on dApps market and cardano be able to change with time's demand.

I acknowledge your fondness for the "lean machine" method. But, our paths diverge when it comes to operating as a company being an issue. See, corporate structure carries a set of regulations and the capacity to strategize that a formless community might grapple with.

Isnt the danger of bad hiring a universal truth? Your worries about scalability and red tape obstructing the coin's potential are valid, but stifling growth might not be the answer. Could it be about fostering a culture that prioritizes competence and speed?

A team limit of 10-15 folks might keep things streamlined, but it risks hampering development. In the cutthroat crypto sphere, is such a strategy really sustainable?

the dev team should be aggressive in making their network as one of the top choices when it comes to dApps. as it is currently gaining interest from investors, the team should hit the iron while it is hot. because let's admit that when new platforms are coming in, people easily forget projects that are slow in developments. so far, we are still far from their ATH. reaching again such price level is quite hard if they don't show innovative plans on the works.

Neon pretty much the same like second layer solution built in solana blockchain. It's no the same like ada which was l1 solution with has no compability with EVM. Neon will not able to be in the same place like cardano.

Ada is not even showing good movement since bitcoin has been recoring so fast.

too bad though the dapps that in there didn't varies as much as ethereum otherwise it'd be great since the fee are cheaper than ethereum as well but ethereum
with their so many quality projects are still kicking, putting the scams asides in the meantime.

Cardano is a great project, I like ADA but i feel that projects like Neon Link will outshine the market, it's a fresh air in web3

I think the problem is that even though it looks like it has so many advantages, it is not going to be that easy to make a profit from it because they are acting as a company and not a coin. When you act as a company that causes trouble, what if the company hires bunch of people who are not good at what they do? That's going to be a trouble and it is going to end up with a trouble even worse later on.

I think it would be smarter to just get smaller, sure I know they laid off a lot of people but I do not mean that, I mean like have only 10-15 people working at most, and that should be the only thing they do, just keep it alive, have slow development process, and you could end up doing a lot better because the costs would be lower and you would not be bothering the coin too much.

if cardano team will be aggressive with their mission here, they can really find their niche in this market. we all know that only few projects have actual use case in the market. and i believe, cardano platform is one of the few platforms that can offer use case in the market. but if you want to venture into this project, you need to keep up if the team is indeed doing some works to improve the price of ADA in the market.

Cardano had been in for a while now over some years and maybe before we can list the first twenty it may swindles it's way in and make the list, maybe i want to believe it's one of the most anticipated coins to make the new change before the end of this year by rising beyond they had expected, though there are alot of possibilities to choose this memecoin but the risk is also attached anyway for the main reason that altcoins can do and undo at anytime.

In my opinion, Cardano is one of the cryptocurrencies that offer attractive advantages. Not only is the price relatively cheap, Cardano also offers solutions to problems that hinder the adoption of blockchain technology through three elements, namely scalability, interoperability and sustainability. In addition, Cardano also uses technology that guarantees more security and ease of transaction processing. Even though it hasn't beaten the market capitalization of Bitcoin and Ethereum, Cardano can be used as a promising investment to make a profit.