Bitcoin Forum

Cardano (ADA) is scheduled to upgrade its existing network they call it the Alonso Hard Fork. The biggest upgrade of this cardano has
privileges capable of facilitating smart contracts on its network. If the cardano smart contract really happens
do you think cardano will be able to become a rival to bitcoin, ethereum and binance?
Your opinion its appreciated in this discussion.  :)

Cardano is already the top 5 altcoins in coinmarketcap market cap. the existence of smart contracts can certainly make the competition hotter for ETH and BNB who have done it first, but not with bitcoin which will never be replaced at the top of crypto.
I personally can't wait to see the first project using Cardano smart contracts.

This is part of the reason for the acceleration of ADA in recent times, and now we will see they have started to be more active in the ecosystem. Perhaps we will soon see more Cardano based projects again, and right now the signs of the market are also very positive.

This news has already been discounted by the market as we see about 10% increase in its price and now it has already hit $2. Cardano Team is continousaly working to develop its network to be a tough competitor of ethereum Network where you will be able to create from smart contracts, DEFIs and many many mores. It is just a mqatter of time when Cardano will become a real rival of Ethereum. i think transactions on cardano network will be much cheaper than ethereum network that would make it attractive for Day traders.

ADA Cardano is an outstanding project no need doubting it, but the team needs to offer something more attractive in order to get more users, that is, I hardly see people talking about what they use ADA coin for or maybe I have not been paying more attention, but the usability of ADA can't be compared with that of Ethereum and Binance, let alone Bitcoin.
However, if they implement a smart contracts, that would be a good strategy and feature, but you can't compare it to Ethereum, remember Ethereum is more or less the king of smart contracts, which the team have perfected over the years, so it will be a hard one being Ethereum rival. As for Bitcoin, the answer is clear, no altcoin can be compared to it. And lastly, if ADA team gets everything right with their forthcoming upgrade, maybe they can rival Binance, although I find it hard to actualize as well.  

Absolutely, Even without there smart contract, Cardano valuation is already can rival top blockchain project and create too much hype by just posting updates and future plans so what's more if they finally manage to launch there very own smart contract. I think many start-up project will build on there blockchain and also tons of existing dapps will gonna attempt to migrate there to benefits on the hype of Cardano. I hope that they can manage a solid security to there code since smart contract are prone to attacks by scammer.

If Cardano (ADA) gives birth to smart contracts and if that happens, then Cardano (ADA) will be the concern of many parties, especially companies when they want to launch a project.
The first to be noticed with Cardano are fees and transaction speed.

Is this the reason for the latest bump? Frankly, I tend to believe that Cardano has become a model closer to shitblockchains than a currency with a plan and a future, as they are looking for what the market wants and adding it to the protocol.
Many investors may see it as an opportunity to make profit, but I think that if they are forced to give up decentralization in exchange for profits, they will.
In general, I expect that the currency will perform well during this year, but I do not guarantee what will happen in the future.

This introduction of smart contracts, once fully announced, will become a big boon for the crypto. I expect to see the price move significantly higher.

I think yes, I saw this update this morning and looks like it's really huge as you can see price rallies for last 2 days, The price was surge more than 20% and basically it was good sign. I'm just reading some summary about Alonzo Hard Fork and there are some good stuff comparing to other Smart-Contract Chain like Ethereum, One of them is Plutus smart contracts where it should never fail with out of gas when interacting with contract and basically we only need something like Signing the message without paying the TX Fee? If so then it's going to huge, I'm still not really understand about this Fork but this going to be huge and can rival Ethereum since it's have same use case, Well let see what will happens!

Any such upgrade for Cardano will sure take it to the new heights. People usually don't follow the technical details, they just tend to invest in once a new upgrade is announced for a coin.

Cardano never failed to amaze investors, I can't even believe that despite the high supply of Cardano, it has grown that big already.

$2 is real, Cardano had some good run in the bull run and it continues here.
I just 7 days, Cardano already had 50% growth, what an impressive run.

Seems like the alonzo hard fork of cardano that will enable smart contracts on the platform is really coming sometime in september. The price of cardano already reacted very positive to this rumour/news. Even though i don't own any cardano myself i still think that cardano will be one of the hottest project in the next few weeks because of the upcoming smart contract functionality and all the possibilities that are opening up with it. There are already a few DEXes in the works that will run on the cardano chain (for example sundaeswap), just like uniswap for ETH or pancakeswap for BSC. I think that at least one of those has significant moon-potential and i will probably through a few bucks into sundaeswap once that is possible.

they definitely needs something unique to attract interest from the market in the long term. being cheap and fast is not enough, they have to be 'the first' in one or two things so the hype won't die. it's a bit of waste though, if they already support this sc update from the beginning, maybe they'd have larger marketshare right now.

This is a good news, because currently the price of ADA has increased very high and of course the ranking of ADA has also increased, because now ADA is ranked 3rd on coinmarketcap and beat Binance, so I believe this will make many investors start to investing in ADA and make the price of ADA can increase even higher than the current price (create a new ATH price).

The Ethereum killer still doesn't have smart contracts. It's not funny anymore.
Tell me, why do I need Cardano?

"Are you, personally,  able to use $ADA for anything ? If so, what have you used it for ? That's the question I ask about all Crypto. Do you find yourself using it for anything that you find value in ?"
https://twitter.com/mcuban/status/1393625967462080514?

They announced that the Alonzo Hard fork will go live on 12 September so a month from now we will see smart contracts come to Cardano.
Very promising news actually I traded some coins yesterday to bank on Cardano and it didn't make me regret yet.
Not sure what is the best thing to do next invest more into it or take the profit and switch back to other Alts.

can see a new ath in near future but i'm still unconvinced ADA can live up to all the hype

Remove bitcoin from your list. That's not even a competitor for ADA. The competitor should be another smartcontract platform but ada was too late to do this fork. Poly and BSC already dominated the market.
It's quite difficult for ADA to be able to gain the demand. Those smartcontract platforms were using the bridge idea to attract the new users but if ADA will be using different mechanism and then it would be impossible to be like binance and its BSC.
Just take a look at DOT

The price of ADA is still growing, and I believe their ecosystem is growing. Maybe we will see many new projects coming up here, maybe now is a good time to spend some time looking for new projects on ADA platform

If Cardano wants high TPS and smart contracts they should do a coin holder snapshot, deploy on a NEAR protocol appchain and do the token swap. NEAR protocol can scale Cardano and deliver on everything Cardano has promised to do but hasn't delivered the last seven years.

The developers are really doing a nice job and currently ADA been one of the top 5 coins listed on coinbase implies it might try competing with BNB in the nearest future. But I still believe BNB developers are still on their project still doing more upate on the network so each coin will just maintain it's own pace of value.

I saw the update video of charles. I've been meaning to ask their channel but  no one noticed my question there. They were saying that when the projects roll out as there are already many of them waiting for this smart contract, i wanna know if they have all the counterpart of the project or they just migrate to ADA?

What is the counterpart of Axie Infinity in Ada if there is?

I have a question, is writing a contract as troublesome as it is in Solidity? Haskell which is a programming language is not as popular as Solidity and it can hinder the spatial expansion of the project.
The impediment to smart contract implementation with Haskell should not be an issue in the coming years but it must be recognized that Haskell has a rather limited data library to integrate into applications.

Yes I agree with you, at the moment the price is medium body.Moreover, it is balanced with positive news about the release of smart contract cardano.I think there will be many new projects to come in the future.currently we can see one of the projects in cardano namely revuto.this is one of the projects running on the cardano network

true bitcoin is at the top with a very large marketcap, but nothing is impossible suatau when it could be one of ETH, BNB or maybe cardano can replace BTC if the project they develop is getting better and useful for its users.I also greatly replaced the project of cardano, one of the cardano projects that I know revuto.Do you know about revuto?

I think cardano could be compared to bitcoin, binance and ethereum.because they are all in the top 5 with the largest market cap in the crypto world, even today cardano is ranked 3rd with a market cap that has surpassed binance which is currently down ranked 4th.with the issue of smart contracts from cardano this has already made a very extraordinary hype what if smart contracts happen and many are on their network?hhhmmm... I don't think anything is possible, because nothing is impossible if their project goes well.but if it does not work then it will be useless.

I am amazed at what happened to Cardano at the market. The price can jump and beat BNB position and still rise more and if this can continue, I guess the position of Cardano can become strong than BNB. The interest of people in BNB seems to reduce for a while because of the Cardano movements. But I think it still needs more time for Cardano to increase the price more than now while BNB is already back to $400, which is good for us to profit. The competition in the market seems to begin from this year and it could change the position many times.

I think this upgrade is the reason behind the recent massive pump in ADA price. ADA could be a rival of BSC and we can see that in the current market cap. ADA market cap just crossed the market cap of BNB and took 3rd place. Marketcap of ethereum is way too big for ADA or BNB. It becomes harder after the last upgrade of eth network. Token burn mechanism of eth network will push eth price higher.

What is the maximum supply of ADA coins when the team does Hardfork, I believe all altcoins can compete in the top 5 coinmarketcup rankings, however some new coins keep coming and I see Ethereum will Fork and Eip-1559, I believe this will increase the price of eth due to limited supply.
Cardano has had a good market cap, so far I don't think ADA will replace ETH any time, because Ethereum take a long time to achieve all this

I would say that it is a big YES. However, let's see how it would fare as another competitor of Ethereum primarily since we are talking about smart contracts. Cardano is one of the few we can consider that can be able to at least be at par with leading network with smart contracts and right now the market is reacting so well with its coming Alonzo upgrade. Will we see Cardano getting into the $5 zone because of this upgrade...only time can tell as we live in a roller-coaster market.

These days I am seeing heavy competitions on providing smart contract platforms which means not a good news for ethereum holders still not sure about the success of new platforms as dapps market seems right now oversaturated hence success for none of them might be the one possible outcome due to heavy competition.

Why you include bitcoin in this list; first cardano needs to be a prominent in altcoins space and then you may start thinking to compete against bitcoins. I mean first a coin need to be a top one in altcoins space and then may try to top in overall crypto space.

You may be in a hurry about achievements and projects that will be established on the new platform of ADA, but slow down because the founder just specified the Alonzo hard fork as what Carnado will prepare but some sources have led the public to think that the upgrade delay as well as the hard fork process Alonzo will be problematic, the details of the upgrade as well as the progress of the journey will clear a lot of doubts. Most especially, this platform applies to the loan service on Defi, maybe this is the most glorious effort after years of ADA development

it looks like they are joining eth because eth also has an upcoming hard fork but this one for cardano is more notable if it's true that they will support smart contract creation after it  .
Cardano has been in the news even before but this upgrade can give them more attention I think lots of people will immediately transfer to them but except btc users because btc has a different purpose .

Once they've completely succeeded in this update, we will see more interest will attract investors to support this coin, while developers

will also take the advantage of this hypes bringing new project using this chain, we don't know what might be the impact from this

update, more on speculation and sometimes expectations are differs from the actual outcome.

Yes.
The addition of smart contracts marks a major milestone for Cardano, as it will eventually make the blockchain a worthy competitor to Ethereum. Since last summer, the Ethereum decentralized finance (Defi) ecosystem has grown rapidly, building a wide variety of decentralized applications (dapps) —all based on smart contracts.

Currently, most of the Cardano ecological projects are built on Ethereum and are in the early stages of development and exploration, but have gradually taken shape, mainly in ecological models based on NFT DEXs. I think there will be many areas built on this ecosystem, and right now it looks like we are ready for anything.

It is possible that, if kardano (ADA) makes the smart contract change happen, they will be able to become competitors to ethereum, bitcoin and binance, but to overtake all three is still very difficult for now.

Currently what kardano (ADA) needs to do is fix all the weaknesses they experience, increase user interest in them, then target to compete with bitcoin, ethereum and binance after perfecting everything.

So this might need to be studied one more time because last time we checked ETH network was congested like hell and it's still struggling with Gas Fees.

I am not sure how Cardano Project is going to overcome the problems of congested network, high fees and different projects running at the same time. I mean what kind of algorithm they have built up or planning to do which have not been programmed by ETH network?

Moreover, ADA will get those projects only if they can really provide more advantages over ETH network. Otherwise why would different companies will list on them anyways?

For now Kardano (ADA) has not been able to compete with Bitcoin, Ethereum and Binance, whatever they do now the opportunity to compete is impossible, this situation has no effect on Bitcoin, Ethereum and Binance.

Kardano (ADA) needs to improve things if it wants to compete with them, given the current condition people trust these three coins more to use, based on their current results and conditions in the marketcap.

the fact that Cardano was in that high spot and it's still in the developing stages, just shows how it can compete with Binance, i don't know about it competing with Ethereum or Bitcoin since i find it not impossible but almost, but you said that it can't compete with Binance, are you sure about that ?! *in John Cena's voice*

  https://i.imgur.com/2UrSWYt.png

i think it is time to at least consider investing in their projects and look for some gems before it's too late.

Even if Cardano can have better smart contracts than ethereum, it still needs more time before the project becomes bigger and competes with ethereum. As we can see, Cardano step can beat BNB at the CoinGecko, even Cardano taking the USDT position at the market. And now, Cardano reaches the number 3 position but still need more support for Cardano to lift the MarketCap and compete with ethereum.

But Cardano has a chance to defend the position from USDT and BNB as the gap of the Market Cap is slowly getting bigger than USDT and BNB. It is interesting because, as an underestimate coin, Cardano can lift the price quickly to give Cardano more chances to break the next high price.

It is high time we have an altcoin that can really compete with ethereum platform in terms of ability of users to create smart contract.  We have had several altcoin with different claim and how they are better than ethereum yet,  they still launch there protocol on ethereum and have not drawn developers like ethereum do. I am looking forward to see Cardano smart contract platform!

I think Cardano would be amongst the top dogs in crypto as well as DeFi. It has the community and investor backing that makes such thing possible

Yes,
While it has yet to beat the market caps of Bitcoin and Ethereum, Cardano is a promising investment. In fact, until now coinmarketcap.com states Cardano occupies the third position after BTC and ETH.
It is not impossible that one day Cardano will pass ETH or BTC.
Let's see the development of the capital market Cryptocurrency Prices Based on Market Cap

I hope that the smart contract will make defi and nft even bigger. and hopefully the smart contracts on Cardano can filter out the bad smart contracts on the BSC, ETH, and matic networks.

But, that is not the part of decentralization environment. Investors and adopters need to be careful against suspected things and devs cannot do anything about. For example, what can cardano devs could do about one all new scam project? So, bad smart contracts are just part of all such platforms and individuals need to be more careful while choosing one asset to invest with.

Every new smart contract based the platforms are claiming that they are better than the existing platforms but personally am not seeing any new innovations with them. But, I believe this will not be the case with cardano as well.

Cardano already has a large community and users in the crypto market. so if there is a new innovation that they offer, it will definitely have a good impact, so it is very possible to compete with other smart contracts such as ETH or BSC as long their smart contracts are good in many ways as the existing ones today.

Cardano's current achievement is very good, I see the market capitalization rating on coinmarketcap, cardano was able to shift BNB and become third even though it eventually dropped back down to fourth place, this made the competition between ADA, BNB and ETH hotter, but in my personal opinion ADA It's not yet time to be a competitor to BTC, and I don't think that BTC will be displaced. However, I am still waiting for the first project that will use Cardano smart contracts, will it be able to be successful and bring many benefits to all of us.

Cardano is a great cryptocurrency and the project itself since its creation has been among the top coins in the coinmarketcap. After the scheduled hardfork, when the smart contract gets introduced, this will certainly make Cardano a more in demand Blockchain and the coin will increase in value. It is important to state that, the unique properties and functions that the smart contract offers will determine how well the project will perform. I will like to see functions like fast transactions at low costs and a wide interoperability with other projects will be a positive development

True, i have been watching some feedback from the community and they were saying that it could be a game changer for ADA to be able to enter into the competition between the high tier smartcontract platform just like binance ethereum and polygon. That's why ADA's price was increasing a lot. Once the alonso update will be done and it may become another parabolic chart for ada and some people will be starting to sell it.
This is a game changer for the longterm but the adoption is still unknown. It may less than dot.

There are already a lot of projects that are facilitating smart contacts on their blockchain, can they become rivals of bitcoin or ethereum? No!
I don't know how many times I have seen threads like this, it will be a new rival or that will be a rival of ethereum... I mean come on guys there is nothing like a rival. every project team works on their project to make it, even more, better, and so is the cardano team.

Anyway here is a new update.
https://i.ibb.co/zG24KB8/Screenshot-20210815-212458.jpg
source (https://mobile.twitter.com/InputOutputHK/status/1426182060683796483?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1426182060683796483%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdailyhodl.com%2F2021%2F08%2F14%2Fsmart-contracts-now-scheduled-to-arrive-on-cardano-on-this-date-iohk%2F)

If the ADA smart contract had the same or more capabilities as ETH and Binance, then ADA would be the main challenger to ETH and BSC, but for bitcoin it's different again, bitcoin is the first crypto currency and it's almost impossible to break the blockchain network from Bitcoin.

a new breakthrough from ADA, which I think with the news of hardforlk by ADA will certainly increase the popularity of this altcoin and will affect its price. I agree that there will be a breakthrough from ethereum and bnb, while for bitcoin, I think it is something that is difficult to achieve, because I think bitcoin is the king of cryptocurrencies forever

Carano is the talk of the town now because of the launch of smart contract on their blockchain, it's already among the top 5 cryptocurrencies and with their CEO which happens to be one of the ETH devs, I think ada will become a rival to Ethereum not bitcoin, because bitcoin is bigger than them all, eth is lacking behind with high gas fees and eth 2.0 is taking way too long to be out, ada might attempt to flip eth once Smart contract goes live on its blockchain.

In my opinion, the three coins you mentioned (Bitcoin, Ethereum, and Binance) are very popular, so Cardano (ADA) still has little hope of competing. It's possible that XRP will jump in the future, Thanks.

Yea, I don't think there is any intention to beat each other, the team is trying to make something to complement each other, and that's the way it is, no blockchain can stand alone, all blockchains need others to develop and complete. With a variety of blockchain options, this actually makes easier for us to transact as well as invest. We should be grateful to them, not even enmity between them.

If ADA gets hammered, I'm sure you're still peaceful and calm since crypto fundamentals are solid and well-known, but I've been paying attention to ADA's progress in the previous few weeks because it was discussed in August or September that Cardano published a smart contract. If this is the case, the price will almost certainly rise, providing a breath of fresh air to its users.

That explains the pump few days ago, and that is really good for the ADA ecosystem, I might even say it is long overdue when you take into account older blockchain platforms that are already making giant strides in this space. In all ramifications this is really good for the ADA ecosystem, because I see it as, that a big platform like ADA and with all its features still do not have enough projects on it already, and the absence of these projects will keep reducing the height ADA would have attained both now and in the near future.
Nevertheless, I don't think you can compare a blockchain which is yet to have a lot of projects on it, to other blockchains that have many projects on them, therefore I do not think ADA have what it will take to be a rival to either Binance or Ethereum. Remember as ADA is growing, other blockchains like Binance and Ethereum are still growing as well. 

I also read the news if cardano will mainnet on 12 september,
However, I don't see cardano as a rival to Bitcoin, Ethereum or Binance, because I think each project has its own uniqueness and different ecosystem,
Binance will focus on the ecosystem it owns, Ethereum will focus on the ecosystem it owns and Cardano will also focus on the ecosystem it owns. I don't want to talk about the price because it depends on market demand and the marketing the team is doing on the project.

Cardano ecosystem hasn't created yet and its only news release that their smart contract ready to launched.  If we see Cardano have better feature than other platform , i am believe the ecosystem will growing very fast . Especially when cardano platfrom provide tinny transaction fee, crypto community will very glad of this. Since creating profits was difficul , traders and investors really care with fee they spent to  buy or sell token.

That is one of the main reason why plenty of crypto enthusiasts and whales are now accumulating ADA because of this future upgrades of cardano which I think be one of the best competitor of other blockchains such as SOLANA, POLYGON, BSC and even Ethereum Blockhain.

there are issues with Cardano smart contracts, since UTXO transaction types do not allow more than one transaction per application

and that is solid blow for Cardano smart contracts, just a week before smart contracts planned launch date on main-net, there is no information regarding eventual delay for Alonzo launch, but it will probably be delayed
protocols need to be battle tested and testing is really important, especially in blockchain, where there is no possibility for patch in production, when it is already launched

Cardano will indeed be launching its smart contract in the near future, and many people, especially the project and crypto community, are looking forward to using it. especially if you are expecting a gas fee which is cheaper than Ethereum and faster processing, makes Cardano even more of a competitor to Ethereum. If Ethereum does not break new ground for his platform is not impossible Cardano will be able to replace his position. But not to replace Bitcoin.

Yes it will but keep Bitcoin away from this because the next few years will be a battle of smart contracts. Although I've read that many project devs have shown interest, I think it will take a bit of time for developers and users to adopt to Cardano's smart contracts. In fact, I'm already reading some articles that are critical to the new protocol.

I think ADA is good because it is the most frequently recommended crypto by big foreign youtubers. https://www.youtube.com/watch?v=tuKwCo5BSZA and I also heard from August/September there will be a smart contract launch but since 2015 since ADA was born this has not been realized. If the talk of upgrading the network later goes according to schedule, I think this will be the start of ADA's revival. and to become a rival to BTC, ETH, and BNB, I don't think it's time for that yet, it takes a long process and further development in that direction.

ADA is obviously doing well in the market, it is top 10 on coinmarketcap, I am not surprise about it developer proposed smart contract I wish it comes to pass at this point in time, thus will pose a bid threat to the dominance of ethereum and binance smart contracts, many projects would utilize  their smart contract provided that issues associated with ETH and BNB contract are addressed, e.g high cost of transaction, congestion of network etc, consequently the price of ADA will enjoy a rapid growth because it become investors and hodlers pride.

Even if this comes in soon, that doesn't mean that it will suddenly make ADA better. Look at tron for example, you can start projects on Tron whenever you want but people are not doing that at all, which is a proof that we are not going to suddenly have any sort of increase in ADA just because there is smart contracts added to it.

I understand that we are not going to be disappointed because ADA is already better than Tron without even having smart contracts so adding that should be something good, even if a small part it could still be good. However that doesn't change the fact that it is not something we should be super hyped about, we should be a bit more calm about the future prospects of it.

Not sure what you are talking about, you cannot compare Cardano who is a centralized coin to Bitcoin or any decentralized coin. If you look at the percentage of drop, Bitcoin went down 10% while Cardano went down 11%. I cannot understand how you can claim that Cardano can keep the price even when Bitcoin goes down, So that theory is exposed now  :P.

It depends on the adoption level of these smart contracts and how many projects will be using them to create the contracts. If the adoption rate is good then you might reflect that on the market, if not nothing much to expect.

If they make their own smart contract then there is no doubt about it, they will become one of the major competitors of those platforms. I think they should focus on the transaction speed and gas fees if they wanted to overcome the popularity of the current huge platform of smart contracts. Meanwhile, they need to have partnerships and use every connection they have to link their smart contract to some of the leading NTF games out there if they wanted to be known faster than expected. There are millions of players and each of them is looking and wanted to have fewer fees and speed when doing transactions.

Cardano is already ranking #3 on coinmarketcap and has shown massive price increase during the past months. Its smart contract is scheduled to be launched on 12th September, 2021 which is not very far from now, let's watch and wait and see what comes out of the bg. Having said it all, I don't think cardano will become rival of Ethereum or Bitcoin who have established their leading position in the market which is also reflected by their market  cap. Cardano  team has yet to do a lot of work to further develop their network to become closest rival of Ethereum.

Bitcoin will only be Bitcoin.  Its ETH and BNB are the competitors of ADA.

3rd is enough for the world to see there is big community support for this token. the chart of this token is unbelievable. It's just running up since March 2020 and continues to do so. There will just be pull back just like what happened yesterday and then goes back up again. so it must deserve the 3rd position there. We are unsure yet what will the price be after the smart contract update but I'm positive for ADA.

I'm waiting to see how they will help developers in creating DAPPs. What I don't like about this project is that they are deliberately creating jargon, like how Ethereum did. It takes time for developers to re-code programming languages. We have available, powerful and popular languages like C, Java, Python... so creating a lingo only hinders the programmer's work and things get more complicated as they arise errors in the blockchain.

lots of speculation and discussion about cardano from investors and traders say. if the cardano smart contract is realised, they believe cardano will get easier and grow well. cardano can be on par with ethereum and binance, but don't expect to compete with each other which is better between cardano, ethereum, binance and bitcoin because all have advantages and disadvantages.

Yes I agree with your statement and I think it should be,
when we compare them to each other between binance and ethereum it is endless because as you said each has its advantages and disadvantages,
Regardless, it will be good news if Cardano's smart contracts actually come to fruition and let's see what happens next

It's not time for Cardano (ADA) to compete with Bitcoin, Ethereum and Binance, to compete with these three coins is not an easy thing for Cardano (ADA) right now, but the improvement that ADA has done has been very good for the development of people's interest in the future, it takes many changes to make Kardano (ADA) exist and survive in the crypto world, a lot of development they have to do, but if they intend to compete with these three coins, I think this is not possible at this time.

and what is being shared right now is an update to that competitive endeavor. it is not impossible that Cardano can reach and align with the development of BNB or ETH.
which many people have questioned how Cardano drives their actual use for the progress of the platform and market development. while looking at BNB and ETH which have moved very far. and Cardano which is felt to have not done any development.
and right now I think what Cardano needs is big support from their community. when they succeed I believe the movement of market trading will probably change the adoption going on in the market.

cardano must be able to innovate to present smart contracts that are spectacular and different from those that have ever existed such as ethereum, binance and bitcoin. because what we know is not easy for cardano it could be better if it doesn't bring up-to-date innovations in crypto. this is an opportunity for cardano to develop better, because the big name cardano this year is being discussed by the world.

Cardano’s technology ranks superior among its peers, and it has strong backing from its community. Cardano focuses on decentralization and alleviating the problems that this system causes to the existing financial systems. ADA coin is the cryptocurrency found on the Cardano platform.  I read about it on Blockster. The question of whether Cardano is better than Ethereum is still under discussion. But Cardano is always on top of the game. https://blockster.com/blockdesk/869_cardano-ada-is-better-than-ethereum-eth

If indeed Cardano developed a smart contract system, but to compete with Bitcoin and Ethereum, I don't think it can compete. But if you become a competitor to BSC, it can happen. Although BSC is a blockchain system with low transaction fees, BSC is still very new to the blockchain concept.

Based on the information I read that Cardano will launch its smart contract this month (CMIIW), if successful it will become a competitor to ETH and increase the price of the ADA coin.

After being cleverly reminded by a sincere community about the innovation option, the ADA has also come up with a key to flattering its name for its role but this flattery is probably quite narrow, agree that some attraction to project programmers is possible but smart contracts have had founders before. They are more adept at smart contracts and when ADA contract ingenuity is not enough, the double-edged sword from this version will appear but hopefully ADA's long preparation can be completely satisfied.

I think it is hard for Cardano to compete with bitcoin because bitcoin will never be replaced by any coin (ethereum, and binance) because he is the king of crypto since the creation of Altcoins in the cryptocurrency world, even though Cardano has become the favorite altcoin in coinmarketcap market capitalization, but cardano still under the auspices of BITCOIN itself,
recently cardano started creating or implementing its own smart contracts in order to attract the attention of the project parties, it's a good thing to improve the development of its network technology to make it more feasible

All the cardano investors are talking about how ADA has the best technology and how it is written in haskell (like that should matter) and many other things, trying to shill for their investment. But reality is that the first testnet crashed and burned. As long as they do not handle the EUTXO problem they have and keep making the same mistakes, ADA will crash as well.

People could be ignorant to the troubles ADA has and just keep focusing on what they have, which is totally understandable but the reality is that we do not have smart contracts on ADA, and we do not even have a testnet working product neither. Which is why projects are not moving to ADA in bulk, it is the third ranked coin and would definitely get a lot of attention if they had one. However they suck, simple as that, last time it was one transaction per block problem, that is not a small problem neither, that is so obvious and yet they have it.

but isn't something a problem or mistake that was made in Cardano's development in the past can be fixed.
I may think they can produce a better ecosystem. because of today's fairly strong market support from the Cardano community. I guess it can still happen.
What developers need to do is pay attention to the development that has been planned to the maximum. if this is successful then we will see another ecosystem that will grow the crypto market.

The success of BSC is to solve the problem of low cost and high speed, everything on BSC is copied from Ethereum.  It can be said that BSC is an upgrade of Ethereum, but decentralization is not.

Cardano is a different blockchain with a different way of building code than Ethereum.  As far as I know Cardano is also creating jargon like Ethereum.  Cardano's community may be strong and drive the value of Cardano's tokens and ADA coins, but certainly the depth and breadth of development will hardly surpass Ethereum.

we can predict but this will confirm after ADA smart contracts are launched, I think ADA can be rival to Ethereum and Binance but not Bitcoin, I hope Cardano will be no.3 in the crypto market and most of the projects will be moved to ADA smart contract after launch.

Of course, the popularity and price of Cardano will grow over time and this coin will be a worthy competitor, first of all, to Ethereum and BNB. The Ethereum and Cardano network is currently being updated. However, even after updating them, Cardano will be much more efficient than Ethereum. In terms of scalability, Ethereum will be able to reach 100 thousand transactions per second, and Cardano - more than 20 million transactions per second. However, you need to wait until their updates are complete. Then it will be possible to compare them. But Cardano is worth stocking up on now.

Cardano was born out of the flaws of the ethereum network. ADA will be a huge competitor to the ethereum network, already, Ethereum onchain is losing steam because of the high gas fee but thanks to offchain and layer 2 discongesting the network.

We shall see what Charles had been claiming the next days. It was said that Cardano will be more effective when there are more users participating in it while other platforms like ETH and BSC will contest.

I'm also watching closely the project because I wanted to invest more in passive income in Cardano like the Defi platforms they have. If nothing will go wrong when they launch this Alonzo, we could price going up.

one good news from ADA, and making ADA experience an increase in price this week, cardona hype is getting even more with its new ATH achieved,
here we can see the Developer is really doing a good job and currently ADA being one of the top 5 coins listed on coinbase

The addition of smart contracts marks progress for Cardano, as it will eventually make the blockchain a worthy competitor to Ethereum. Since last summer, the Ethereum decentralized finance ecosystem has grown rapidly, building a wide variety of decentralized applications. all based on smart contracts.

Now, the same functionality will be present in Cardano.  For example, blockchain developers have presented Cardano's native dapp that allows users to swap different tokens, such as Ethereum's "killer dapps" such as No swap places.

That's why I'm really looking forward to the arrival of a smart contract with Cardano.

Cardano has smart contracts but their AMM on testnet could only do one transaction per block. NEAR protocol can do infinite TPS per second with horizontal sharding and has working smart contracts now. Their AMM Ref Finance already has 50 million USD in deposits and farming APY as high as 250%.

Where does that increase the Cardano's price from? because as long as the demand in the market does not increase on Cardano, then the price of Cardano will not increase even though it has launched its own smart contract within this month, because the news about it does have an effect on Cardano, but the very basic thing is in the buying demand for Cardano in the market .

The existence of smart contracts will solidify Cardano's position in the crypto market, and will definitely make the competition for big coins hotter, considering that Cardano has now ranked 5th on coinmarketcap, let's see what Cardano smart contracts will show.

Interesting, Cardano has been ranked 5th on coinmarketcap, with the plan that the cardano smart contract will make its growth even better, although it is still far from competing with BTC and ETH but at least this can attract more investors' attention to make it one of their portfolios.

It's been a month Cardano ranked 3rd, of course this is good news, I'm holding on to Cardano a bit and can't wait to see Cardano based tokens shine like ERC20 or BSC, I hope to provide the best solution and make Cardano number 2 or even become the king of cryptocurrencies by beating bitcoins.

I think they will not satisfy the expectations of their investors. I doubt their ability to compete with smart contracts giants Ethereum and would end like others who tried to do the same. I expect that Cardano's price will lower down once its Smart contracts would be implemented. Better if you take profit now and try to minimize the risk of losing.

that's your hope. but for those who believe in the Cardano community and project of course they hope this update is a success and will build a viable ecosystem.
but I see many also doubt the success of Cardano in this update. this is related to a product from Cardano which is not clear. but why have a large community and market?

I think, The attraction and expansion of ADA is being focused on the Smart contract that will be upgraded on the mainnet tomorrow, September 12. These are the factors driving a large amount of volume on ADA today with growth wicking bitcoin's dominance in the overall market. The current ADA has a lot of strength and is unstoppable to its ascension. ADA and SOL are in the ultimate sublimation cycle

Well, that's what the team focuses but speculators seem disappointed with what goes on with the price already. The price spiked so much in the previous month that it overwhelms the market. the growth will just be determined when ADA gains more projects to their network. 

I saw today there is already a project promotion for ADAL, a dex for ADA tokens and it seems promising, they are heading in their direction.

These smart contracts can be used to run DeFi decentralized finance, decentralized applications (dApps), and Non-Fungible Tokens (NFT). Cardano has succeeded in displacing Binance Coin (BNB) from the top 3 largest cryptocurrencies in the world by market capitalization.
Of the many crypto coins that are touted to be the 'ethereum killer' including Solana (SOL), Polkadot (DOT), Terra (LUNA), Algorand (ALGO) and so on, of all of them only Cardano crypto is in first place against the dominance of the Ethereum giant with developments and a number of interesting projects, but to compete with bitcoin I don't think it's time yet.

The financial industry is a constantly evolving field, and blockchain technology is a revolutionary addition to it. For years, people have supported the concept of traditional finance, which includes banks, fintech, and more recently, third-party payment services such as PayPal, Cashapp and Skrill. However, the traditional financial sector has many disadvantages associated with it. So I think yes, they are coming soon.
Source: https://blockster.com/blockdesk/1259_can-the-future-of-fintech-really-be-found-in-blockchain-based-smart-contracts

It could become a rival on Ethereum and BNB, but not on bitcoin because the competition is only among the altcoins in the altcoins market. Bitcoin will always lead the market, hence it will stay at the number 1 position, and there's no threat that it will be dethrown by any altcoins even ETH which are currently sitting at the number 2 in overall standing.

That's a great job by the devs, the way to compete with ETH and BNB is to have a smart contract too.

Basically, Bitcoin is a single coin that we can't possibly compare with the coins that are planning to develop smart contracts. Apart from that, crypto market conditions are highly dependent on Bitcoin conditions. If Bitcoin drops, almost all altcoins drop. Under these conditions, it is clear that Cardano is unlikely to be able to compete with Bitcoin.
Ethereum is one of the coins that have smart contracts with the largest number of altcoins. Most of the projects that have been developed now are sourced from the Ethereum blockchain. Could Cardano still new to smart contracts be Ethereum's competitor? Of course, this is a difficult one.
Binance is relatively new to the concept of smart contracts, even though the Binance chain has previously been developed. But you could say it failed. However, with the arrival of BSC, many new projects are starting to use Binance smart contracts. So the opportunities for binance will be greater. But there is a possibility that Cardano will be a competitor to Binance going forward.

I reviewed this price update over the last few days, Prices have skyrocketed and basically it's the best. I just got some summary about Alonzo Hard Fork and there are some good things compare to other Cardano Smart Contract like Ethereum, One of them is Plutus smart contract, I still don't really understand about this Fork but it will be very big and can compete with Ethereum because have the same use case, Let's see what happens next!!!

The Alonso project will make a major change in Cardano ecosystem. But it will take sometime because these other coins (Bitcoin, Ethereum and Binance) are already very strong in the crypto space. Cardano have some performance advantages over Ethereum, like - lower energy usage, speed of transaction, blockchain (Proof-of-stake as against Proof-of-work for Ethereum), etc. You can take a look on comment (https://bitcointalk.org/index.php?topic=5359583.msg57924648#msg57924648). Ethereum is working towards upgrade to Proof-of-Stake (Ethereum 2.0). Though Cardano has risen to be the 3rd in Coinmarketcap, I think it is still not popular, the team need to work hard to create more awareness on the benefits of using the coin blockchain so that it will have more usability like Ethereum (more Smart contracts, DApps/DeFi on its blockchain) and that is when it begins to compete favorably with Ethereum and Binance. In comparison to Bitcoin, Cardano have a long way to go. Bitcoin have dominated the crypto market for years. It will take years for that to happen. Bitcoin will remain the King of Crypto for a long time!

The smart contract of Cardano was launched as per schedule but it didn't make any positive impact on its price due to bearish Bitcoin market. Generally smart traders buy on rumor and sell on news and exactly same thing happened. Its ATH is 2.87 as reported on coinmarketcap which I am pretty sure will be broken once Bitcoin market stabilizes above 50K and that is likely to happen before the end of 2021.