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Topic: Opinion on Cardano - page 6. (Read 1283 times)

full member
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May 08, 2023, 01:29:41 AM
#32
Although Cardano is growing and incomplete, it is gaining the interest of many investors and the blockchain community. Cardano's unique features and technology could make it a formidable competitor in the blockchain industry in the future. In theory, it promises a lot of potential, but in practice since it appeared until now I still wonder if the things it shows are worthy of the expectations that the fans place their trust, the environment. altcoins are competitive and Cardano's performance seems a bit sluggish, but as I've said about it, in the future it will still receive support or skepticism about the potential I mentioned.
legendary
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May 08, 2023, 12:58:31 AM
#31
Well Hydra has now gone live on Mainnet. It is long time awaiting level 2 scaling protocol that operates on top of the existing Cardano blockchain.

https://zycrypto.com/cardano-primed-for-meteoric-surge-as-first-hydra-head-opens-on-mainnet/
legendary
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April 08, 2023, 06:01:31 PM
#30
Guys, I wanted to get your opinion on Cardano. I've heard a lot of good things about this cryptocurrency, I'd like to hear your opinion as well. Thanks.
It’s a good coin, has potential to really do well in the next bull run. Current price is $0.38 so it’s very cheap, there isn’t much risk in throwing a bit of fiat at it, just incase it moons hard. You don't want to miss the opportunity as it’s so cheap. What’s the worst that can happen, you’re down on a few hundred $ investment. The upside is worth the risk in my opinion.
Every coin has potential but our goal as an investor is to avoid wasting time and money to tokens which are not showing movement or growth; a matter of seeking for what's best. Cardano is a candidate for good tokens in this industry but given how stagnant it became, I would prefer engaging with XRP which is quite more on the hype. Diversifying would as well be advisable but if you are not into bigger risk, selecting a few would be good. Coins which does not have a large volume on the usual, would be more likely left behind during bullish trend so if you are seeking for a higher return once an uptrend occur, for sure there would be a better coin on your preference.

when it was launched, it seemed to be a promising project. but with the current situation, if you are not very keen to their actual developments, better move to another project that you are familiar of. though it is still in the top 7 coins in the market, you should consider their future, what's in store for them? do they have potential to survive and increase their growth in the market?
if you will look at their graph, they have good chance to rise again, that is, if the ADA team is still active in meeting their objectives. so if one really does want to venture into this, better check if the dev team has the drive to grow their project. otherwise, look for a more promising platform.
legendary
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April 08, 2023, 05:49:31 PM
#29
Guys, I wanted to get your opinion on Cardano. I've heard a lot of good things about this cryptocurrency, I'd like to hear your opinion as well. Thanks.
It’s a good coin, has potential to really do well in the next bull run. Current price is $0.38 so it’s very cheap, there isn’t much risk in throwing a bit of fiat at it, just incase it moons hard. You don't want to miss the opportunity as it’s so cheap. What’s the worst that can happen, you’re down on a few hundred $ investment. The upside is worth the risk in my opinion.
Every coin has potential but our goal as an investor is to avoid wasting time and money to tokens which are not showing movement or growth; a matter of seeking for what's best. Cardano is a candidate for good tokens in this industry but given how stagnant it became, I would prefer engaging with XRP which is quite more on the hype. Diversifying would as well be advisable but if you are not into bigger risk, selecting a few would be good. Coins which does not have a large volume on the usual, would be more likely left behind during bullish trend so if you are seeking for a higher return once an uptrend occur, for sure there would be a better coin on your preference.
legendary
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April 08, 2023, 03:51:57 AM
#28
Guys, I wanted to get your opinion on Cardano. I've heard a lot of good things about this cryptocurrency, I'd like to hear your opinion as well. Thanks.

It’s a good coin, has potential to really do well in the next bull run. Current price is $0.38 so it’s very cheap, there isn’t much risk in throwing a bit of fiat at it, just incase it moons hard. You don't want to miss the opportunity as it’s so cheap. What’s the worst that can happen, you’re down on a few hundred $ investment. The upside is worth the risk in my opinion.
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April 08, 2023, 02:51:22 AM
#27
Many believe that Cardano's technical specifications are better than other blockchain platforms and that it has great potential for use in various fields such as finance, government, medicine, etc. In addition, Cardano has a strong community and is actively developing, including the planned release of the "Alonzo" update with the possibility of smart contracts.
However, as with any other cryptocurrency, there is an investment risk and the price of Cardano can fluctuate depending on many factors such as market conditions, government and regulatory decisions, technical issues, etc.
Overall, Cardano is an interesting project with the potential for further development and success, but as with any investment, you need to do your research and make your investment decisions consciously.
full member
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April 08, 2023, 12:31:35 AM
#26
currently cardano (ADA) is in position 7 CMC, CMC data also shows that the ADA price is currently in the range of $ 0.39 and the highest price reached by ADA almost touched $3. when the next bullish arrives there is still a chance for ADA to touch $3 again or even more. in other words investing in ADA is still highly recommended.
legendary
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April 07, 2023, 11:00:57 PM
#25
In my opinion, they are still one of the most active crypto based as Chris is still the face of it, for updates you can follow it here:

https://www.essentialcardano.io/development-update
~
I thought that the project doesn't have any updates anymore, but thanks to this.

I bought ADA when it was at around $0.13, and from that, I staked it, and still staking until now. The only problem with Cardano is that, their upgrades to their project takes a very long time, but when they release it, they are making sure that there will be no problems whatsoever. Charles Hoskinson is constantly promoting his project in different social media platforms, and is very active to the project. Currently, it is still on the top when it comes to market cap, and that shows that it still has community behind it, but I'm already thinking of selling all of my ADA holdings, and will buy Ethereum instead. After all, those who are at the top this time will not be at the top forever.

I mean, Ethereum already has a lower gas fees now, and what Cardano has is already in Ethereum. Cardano is one of the coins that they called "Ethereum Killers", but they can't just take down Ethereum, and they mostly will not succeed into it especially now that it already changed from POW to POS.
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April 07, 2023, 04:44:19 PM
#24
It's still one of the top coins and I think its community is sticking to it because of its development.
Top coins in cryptocurrency market are not forever. They can be top coins then become non top coins years later.

Cryptocurrency Historical Data Snapshot. Many top altcoins in 2013 now no longer actively developed and can be considred as dead altcoins.
You're right and that's why it's still at the top and we'll never know if it will remain there depending on their progress.

Quote
But one thing for you to follow is to read their not so active announcement thread: Cardano (ADA): A New Cryptocurrency and More

You can back read some of the discussions there but it's not that active at all unlike the other top altcoins like ETH that has a lot of posts into its thread.
Many altcoin projects abandoned Bitcoin talk and moved to build and be actively on their own forums.

Cardano has its own forum for

$ADA did made a x20 growth in the last bull run and from today price $0.38 to its latest all time high, you will have good profit.
Thanks for sharing their forum.

You're right that many successful projects after going on in the forum abandons their thread because they own one after their success. But still, the community that owns their coins/tokens are discussing and continues it there. Maybe some interesting addition to what they've discussed  can be extracted there.
staff
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April 07, 2023, 12:28:58 PM
#23
Guys, I wanted to get your opinion on Cardano. I've heard a lot of good things about this cryptocurrency, I'd like to hear your opinion as well. Thanks.

Cardano is already a so-called blue chip in the world of crypto investing. You should not expect big x50-style profits from it anymore, but it is quite suitable for conservative investing, considering its historical returns and ROI. Right now the price is quite attractive to buy, there is a high probability that in the next bull run ADA can outperform its ATH again.
full member
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April 07, 2023, 07:48:29 AM
#22
First of all I think you are also just looking at the things that someone exaggerates about it, and in essence I am not denying this coin is not good. Some of Cardano's standout features include an improved and more efficient transaction system, scalability that is superior to traditional blockchains, enhanced security with multi-layered protection and manageability more advanced intelligence. With slow but reliable development, Cardano has received the attention of many investors and users. However, I always encourage investors to exercise caution and do a thorough research on all of their investments. You should assess for yourself the potential and risks of Cardano in the cryptocurrency market.
sr. member
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April 07, 2023, 07:35:53 AM
#21
It's probably still one of the sleeping giants out of the top crypto projects. If you're looking for something "safer" and for long-term investments then this is likely one of those. Don't take our word for it. You can check how many projects are building on Cardano before making a decision. That will somehow tell you how many trust this chain.
full member
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Merit: 193
April 07, 2023, 07:01:14 AM
#20
ADA is still one of the best crypto as of today, being on a top 7 can tell you how good this project is and I'm sure they will survive.
Though there's no significant update as of the moment, hopefully to hear news from them. They are 87% down from their ATH, this could be a good opportunity for long term holder here to have some $ADA because when the market enters the bull trend, ADA will be one of the good coins to soar higher this time, new ATH is still possible.
legendary
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April 07, 2023, 06:17:19 AM
#19
Guys, I wanted to get your opinion on Cardano. I've heard a lot of good things about this cryptocurrency, I'd like to hear your opinion as well. Thanks.
Cardano (ADA) project was very ambitious and its main idea was centered on taking advantage of the high Ethereum fees and providing acceptable stakes for subscribers and thus continuing to grow and attract projects to the network.

The success of Ethereum to switch to Proof of Stake was the final blow to that project, and with low fees and a second layer like Polygon, they were the main reasons for the absence of new ideas about the project.

Even their staking is no longer valuable compared to Ethereum.
hero member
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April 07, 2023, 05:09:58 AM
#18
Even though there have been no significant updates to the Cardano project, Cardano's position can still survive in the top 10 and compete with other coins that may frequently update their projects. If the Cardano price increases are very high, I still have some Cardano left to sell. But I'm also not really looking forward to seeing Cardano achieve a new ATH. So it will come back to you regarding the decision to invest in Cardano and you should look for other information that can support your decision later.
newbie
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April 07, 2023, 03:32:43 AM
#17
Speaking of Cardano, you can earn 4,8% daily with XGo.
member
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April 07, 2023, 03:04:31 AM
#16
What I know about Cardano is a decentralized blockchain platform that aims to provide a secure and sustainable infrastructure for smart contracts and decentralized applications. It was created by Charles Hoskinson, co-founder of Ethereum, in 2015. Cardano uses a proof of stake consensus mechanism, which is less energy intensive than the proof of work used by other cryptocurrencies.

Cardano has gained popularity among investors and developers alike, as it offers several features that set it apart from other blockchain platforms. This includes its layered architecture, which allows for easier updates and maintenance, and its focus on academic research and peer review to ensure platform security and scalability.

In terms of market performance, Cardano has experienced significant growth in recent years. As of April 2023, it is one of the top ten cryptocurrencies by market cap, with a market cap of over $100 billion USD. Please note that like all cryptocurrencies, Cardano's value is fluid and may fluctuate based on factors such as market demand and adoption. I hope this information was helpful in answering your questions about Cardano.
hero member
Activity: 2632
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April 07, 2023, 02:52:28 AM
#15
In my opinion, they are still one of the most active crypto based as Chris is still the face of it, for updates you can follow it here:

https://www.essentialcardano.io/development-update

Although in 2020 and eventually and it's bull run in 2021, which is $3, there was quite a hype on it, and it's proven it's hype with that huge all time high. But now it's down like more than 87%. So not sure if there is still that big buzz on this project in the next bull run, or will other projects take over and the gain might not be as big as the previous one. Unless it can repeat itself, then another 20% growth will mean $6 or close to it. Not impossible, but hard to accomplished, just saying.
legendary
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April 07, 2023, 02:34:03 AM
#14
Guys, I wanted to get your opinion on Cardano. I've heard a lot of good things about this cryptocurrency, I'd like to hear your opinion as well. Thanks.
Im not sure why the marketcap is still huge for this, maybe there a lot of whales or backers holding their tokens but in terms of progress, I didnt hear much about them cause if they are, there are a lot of noise already around news and social media. We all knew if a project gaining traction if theres a lot of it everywhere but none means no interesting event happening on them now or in the past time.

Not so fan of it, I think never had a chance to have this token even for trading purposes.
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April 07, 2023, 02:12:39 AM
#13
I think, Cardano have a lot of favourable reward for their investors because their teams are working seriously to ensure the project improve higher for those that invested some years ago to have something good to make before the end of this year. Since Ethereum is still maintaining the second position among other cryptocurrencies, I will advise you to make Ethereum your second choice in this season so that you will have hope of achieving something special when the price of Ethereum and Cardano increase higher in the market.
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