Cardano has become a prominent coin in the crypto-sphere and is the largest threat to Ethereum. Its platform use case bears a lot of potential, which became particularly apparent after the introduction of the Marlowe application. In order to execute financial contracts, the Marlowe application targets the financial sector, which is akin to Peyton Jones. Currently, Ethereum dominates in escrow services but Marlowe provides a better value proposition compared to it. How do you think?
The first Ethereum 2.0 test network called «Topaz» has been launched, which will have a complete configuration, like the main network in phase 0. Cardano deployed the Byron reboot which has shown success. This is an important achievement for Cardano in her transition to the Shelley mainnet. When Shelley is deployed, as Hoskinson has stated, it will be the start of the complete decentralization of the Cardano network. 2020
Its been helpful to watch the trading action on ADA as it has been on of the most volatile movers this year. If BTC drops a bit, ADA drops a lot, but it will also recover the fastest and give us an idea if risk appetite is still in the market
ADA is pure marketing the project is a joke and even on their front page of the official site they spew garbage. They sure do a good job gathering attention though. I wonder how much was spent to gain 250,000 users on their Reddit account from Jan-March? I mean look at their posting content, it’s all about getting people to see cardano. https://www.reddit.com/r/cardano/comments/mk5hl9/now_at_69_complete/
There are millions of dollars being spent on promotion or disninformation in the altcoin space, its very impressive!
ADA, IMO, is a promising project that is focused on utility. It already has some national backing and is poised for mass adoption as a functional crypto, especially if ETH can't resolve it's current gas issues in a timely fashion. ADA is currently a cheap buy-in for most small users, and a I feel that it's a nice investment piece for anyone who can pour money into it. My current goals for it are ten thousand coins and I'll be seeking my first returns on it around the number that hits 83% of what seem to be the most accurate price tops for ADA by October or so. After that, I'll buy back in to some position and continue to DCA on it now and again as any information comes out regarding platform advancements. The ADA project has legs, in my opinion but the real question will be how regulation will impact up and coming blockchain providers over the next two years.
This was one of the more extreme sell offs, a lot more volatility in this name, but its bouncing back just as hard.
Here is the opposite of that dip, a +48% move back to the highs from last week: Now traders will want to see these levels taken out as a sign that this sell off is done.
Im hearing lots of differing opinions on Cardano. Some saying that the language used, Haskell, it hardly used by anybody and existing devs are not going to bother learning a new language to use Cardano. The hype has carried it so far, now the next few months will show if its going to live up to it.
They do not meet the deadlines for the development of the project, but they do everything in a planned manner. Have a listen to Charles Hoskinson's interview at Lex Fridman's podcast. I found out lots of interesting things about Cardano.
I sold my Cardano and purchased more ETH. Kind of regretting it, but not really. They have moved very similarly.
Possibly some good news soon https://www.yahoo.com/finance/news/cardano-launch-erc-20-ethereum-110017667.html
News is generally positive, but I still stand by the "sell the news" strategy here unless there is something they are keeping secret.
