Opinion on Cardano - page 7. | Bitcointalksearch.org

livingfree

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Quote from: hd49728 on April 06, 2023, 09:02:23 PM

Quote from: livingfree on April 06, 2023, 02:38:48 PM

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 from: hd49728 on April 06, 2023, 09:02:23 PM

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.

Xal0lex

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Quote from: valsy on April 06, 2023, 12:24:04 PM

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.

kaseygriffin

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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.

Yogee

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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.

Johnyz

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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.

hugeblack

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Quote from: valsy on April 06, 2023, 12:24:04 PM

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.

ethereumhunter

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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.

Tom_13

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Speaking of Cardano, you can earn 4,8% daily with XGo.

rokok lokal

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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.

TravelMug

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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.

cryptoaddictchie

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Quote from: valsy on April 06, 2023, 12:24:04 PM

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.

Sebas.tian

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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.

mich

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I have been holding some Cardano for some time now. I became interested in this project because the creator Charles Hoskinson did work with Vitalik Buterin on Ethereum. So I think he knows somethings about crypto projects.
I like to invest in projects that have a Stable coin. Cardano now has its Stable coin Djed and it was launched only a few months ago. The largest digital currency asset manager in the world, Grayscale Investments, has alot invested in Cardano too.

hd49728

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Quote from: livingfree on April 06, 2023, 02:38:48 PM

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.

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.

Hamzabenayli

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One common criticism of Cardano is that the cryptocurrency is still in its development and growth stage, and there is still a lot of research and development work being done. Some critics also argue that the focus on academic research and formal verification has resulted in slow progress in implementing new features and updates compared to other blockchain platforms.
Another criticism is that the Cardano network has not yet achieved widespread adoption, and there are concerns about its scalability and ability to handle a large number of transactions. Additionally, some people have raised questions about the governance model of Cardano and the role of the Cardano Foundation in managing the development and growth of the network.
It's important to note that these criticisms are not unique to Cardano and are common among many blockchain projects. As with any investment, it's important to carefully consider the risks and potential rewards before investing in Cardano or any other cryptocurrency.

Psynthax

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I'd say it's quite stagnant in term of innovation and the value, moreover the fact that there has been many release of L2 which takes up the attention of the masses hugely make coins like cardano losing their trading volume and market share.
it was labelled as the ethereum killer but I guess it's ethereum killer no more because honestly, it have reached its peak and maybe will never go beyond current valuation but thats just my 2 cents take it with grain of salt since i might be wrong.

rhomelmabini

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Quote from: valsy on April 06, 2023, 12:24:04 PM

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.

Well, they have always said that years ago and they still want that upgrade to be the hype and yet still not yet realized. I wonder if Hoskinson is still on this thing but I think they're being biting the dust of other layers that are out in the market, too many Ethereum killers right now, but none of them can kill it.

nicolas1979

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Quote from: valsy on April 06, 2023, 12:24:04 PM

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 one of the blockchains that is holding up well, even growing. Previously Cardano was just a single blockchain, just like Bitcoin. But over time, and the development of smart contracts became a demand from various crypto developers, Cardano developed a blockchain with a smart contract system.

crzy

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Quote from: valsy on April 06, 2023, 12:24:04 PM

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.

There was a good hype before for ADA but I can’t see any right now because they have no more good updates and they are claiming to be an ETH killer before but look at them now. Though you can still see their project as a good one but if you want to have a more profitable investment, I’d rather choose ETH over ADA.

cryptomaniac_xxx

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Quote from: bittraffic on April 06, 2023, 01:37:18 PM

No more update to this token. Seem like there is no development for this project. So much disappointment while Charles is just scamming people telling that ADA is used in many project in Ethiopia and the neighboring countries. Its not.

The community promotes the token religiously though. Yep the crowds shouts hora every time Charles do the AMA while he brags the projects using ADA. But there were no real projects where real people are using. They may have the list of projects but its still ETH that is used widely.

There is one if I'm not mistaken, I forget what they officially called it. But I have seen predictions on ADA in the next bull run that it won't even reach $1? But If I'm not mistaken, last bull run it reaches as high as $3.00. So not sure why the prediction for ADA is like that. Although we all know that this is just prediction and it could be just a hit or miss.

Personally, I'm thinking of investing on ADA, not huge money but I still hope that it could give us a good profit and hit a new all time high.

I remember the last time, I didn't invest on it others advise me, and it went nuts the last bull run.

Topic: Opinion on Cardano - page 7. (Read 1447 times)