Topic: Opinion on Cardano - page 4. (Read 1447 times)

Well there is going to be a global blockchain event in Dubai. Cardano Summit 2023 is going to begin this week, there is not many projects with so much support from community to hold big events like this. 

https://www.prnewswire.com/news-releases/cardano-summit-2023-cardano-spot-reports-live-from-dubai-301969578.html

Honestly, not that it is "failed", we could say it hasn't succeeded just yet, but it is not like they gave up and they are still trying. One thing I can tell about ADA is that they are hard working people and they are trying to make their best and they are using the most of their developers without a doubt, this doesn't guarantee any success but they are at least working on it.

In a world where every crypto project creator just want your money with as little work as possible, them trying to make it work even after the funding process is over and they got their money ,is a great achievement. Normally most projects get your money and then stop working all together and tell you to go do their marketing for them if we want it go up.

From the very beginning, Charles Hoskinson wanted to come up with a cryptocurrency for a corporate segment with all the regulations, but he didn’t succeed. But the coin had a good pump, and now we need to wait until disappointed investors sell their assets again. This can be repeated for a long time until the regulator begins an investigation.

It has a very loyal community, some might say cult. I’m not a fan, I don’t think you would lose money if you bought now because it will follow bitcoin & other major alts to new all time highs in the next year or two. I don’t think it has much long term utility though so I’d rather just stick with bitcoin & ethereum.

Cardano Founder Charles Hoskinson is welcoming his new employee for the new stablecoin venture. Sean Ford is the new CEO of Input Output Global for the stablecoin.

https://iohk.io/en/blog/posts/2023/10/23/iog-appoints-w-sean-ford-as-ceo-of-newly-created-stablecoin-venture/

Back in 2016 tokens like NEM and its competitors are on top of the ranks. We thought those tokens are going to be on top forever. But now we see they are not found on top 10. I think ADA will have no difference to those tokens.

It will eventually taken over by newer projects which has sensible use case.

Cardano has been long it's in existence and I believe that since that time it's in existence have no develop the way its so I believe that cardano is like other token who is struggling to survive or stand firm in the industry, but one thing like cardano with is that since the existence it never die off like other coins I know about in cryptocurrency life.

The thing I noticed that is making cardano not have much influence in the market is the promotion because by now cardano coin would have gotten a lot of popularity and lot of based in cryptocurrency by now, assuming they have promoters and influencers the coin would have gotten a lot of firm's

Buy nevertheless since the coin is standing it never been eliminated in the market so I believe that it will stand more firm in the market during bullish market, I know that got their values during the time of bullish market and during the time of bearish market they get devalued and their no investor that will be after them.

Well now Cardano founder Charles Hoskinson is making his point and giving up chance to speak. Because he will not attending a Web Summit he thinks is now too much political.

And now he will do a AMA instead of attending. https://beincrypto.com/cardano-founder-ama-over-web-summit/

Its like Solona only no where near as good.

Cardano has just launched its first ever Social Media app called Cardano Spot. It was built for Cardano enthusiasts and investors and for ADA projects.

https://beincrypto.com/cardanos-first-ever-social-media-app-goes-live/

When anybody searching a good coins than ADA Cardano is one of the top list coins because still now cardano trying to bring good performance in the crypto market and cardano is very old and of my favorite coins also just believe in ADA is good coins.

Well there is new data saying Cardano is topping all other crypto projects with the most significant development activity. Over the last 30 days Cardano recorded 611.47 notable GitHub commits over the past 30 days to lead other projects.

The 2nd highest was even with Polkadot and Kusama recording 500.67 GitHub commits. https://zycrypto.com/cardano-takes-the-lead-with-groundbreaking-development-activity-can-ada-price-go-to-12/

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.