Bitcoin Forum

Well, we are seeing what is MATIC doing in the crypto market these days. Do you guys think ADA can also do that in the coming days?

What are we talking about here? Is it just the price or the number of projects built on each blockchain? Both are currently moving upwards.

Anyway, when talking about long-term, answers to both questions are still related to each other. Last time I checked, Cardano is not short of teams wanting to launch their own platforms there. Cardano developers are also not slacking of with the recent successful launch of Vasil upgrade on testnet. The upgrade is supposed to improve the network's scalaility.

Having said that, I think it's only a matter of time before ADA explodes like Matic or Sol. If you decide, you just have to be more patient with this coin. While waiting for the next major pump, you can also try to stake it in your cold wallet or in platforms like mycointainer.com (https://www.mycointainer.com/assets)

Compared to ADA, developers prefer to use Matic because it is based on Ethereum and is already used by many dApps globally, so it seems quite difficult for ADA to become the "next Matic". But that doesn't mean there is no opportunity for ADA, because ADA is one of the potential chains in the crypto market and it might beat MATIC's popularity, nothing is impossible.

Perhaps if ada had any adoption, but i can't see it happening any time soon. Eth is already being adopted and being developed on. Layer2 projects/sidechains on it are the things that get picked up by market buyers for a good reason.

I don't really understand. I mean MATIC is "just" a layer for Ethereum, which is great no doubt because using polygon you can save a lot of money on transaction costs. Maybe that is not as important at the moment as the gas price of Ethereum is also relatively low right now with only 15 Gwei but once we are seeing big market movements again i am sure this number will very fast go up to 100 Gwei and even way more.
Cardano (ADA) on the other side is it's own chain and it already is a bigger project than Polygon in terms of the market cap, so i don't really know what ADA should do in the coming days that Polygon already did? ADA had it's price peak when the news about the smart contracts came. We are still ways off that price range.

ADA already existed before matic, and the market capacity on ADA is much bigger than matic. so what is being talked about here maybe about the price?
if for the price maybe ADA will follow the movement of bitcoin and the current market. so just wait for the market to recover because everything in matic has been adopted first by ADA.

Why not? ada is having the same potential as matic and i just remind you that if ada was based on its blockchain unlike matic which was the second layer solution but ada was the first layer solution for its users. The update that has come to ada is very impressive and the ecosystem is growing so fast just like what solana did in the past. So, thinking about ada will not have the same patter like what matic done is pessimistic. The major coin like ada has so many whales and supporters.
It can go back again to go up once the bullish market will be coming soon. The fact that if crypto looks liks going back to the bullish pattern again.

These are basically close projects to each other, why have a "next" of something that is standing next to each other? Makes no sense to me at all. I mean sure there could be a potential that Matic could one day reach to third place if it does too well, or gets hyped during a bull market, but having a consistent increase is better than having one big hype and then going down.

Look at ADA, it became third biggest coin in ranking for a while, then it dropped so much. I rather have coins keep their place and go up decently instead of all of this. In the end, we are not going to see anything marginal here, it's going to be two of these going hand to hand close ot each other and not one bigger than the other too much.

I don't think ADA can compete with Polygon and I think that Polygon will eventually surpass ETH in market cap. Projects bridged or deployed on Polygon are also going to be able to ride the wave up and will do really well. Projects like Quick, MAXX, and Qi, the major DApps on that chain.

The cryptocurrency market is gradually coming back from bear that we are experiencing for some months back, which any moment from now, bull run may take place, having said that, Cardano (ADA) Coin, can not compare to Polygon matic, because they are developed in difference purpose in the ecosystem, comparing the both in times of price value, is good to invest for a long time holding.

For the near future I think this cannot happen, unless they have a strong adoption for future development, people need strong reasons for trusting existing projects, especially market conditions that are in bad condition, but in any crypto can happen beyond people's predictions , but in the near future I think it will be quite difficult, the achievement of this coin is not in the right condition in the market, which is caused by a decrease in price before it

Matic jumps because of their partnership with Disney as far as I know. For ADA, there is nothing to it but Charles' shilling though. We might just have to wait for the update by the end of July if the fork really can do what its purpose. It did made 26.04% spike though that is at least a big pump still  from $0.43.


So far there is no adoption for it yet. I  believe I have followed the development since I have subscribed to IOHK updates. There were nothing yet to make it.

Possible in every cryptocurrency that we see some unexpected pumps and just like what happened to Matic, it can also happen for ADA. But unsure if it's going to happen as what you're asking in the next few days. I hold a little amount of ADA and it's like an experiment and I would not benefit a lot if I profit. There has to be a big reason for it to pump just like Matic the last few days but don't overjoy when you see that because you know what's next every pump that happens.

Yes, I was about to say this, ADA is one of the prime movers, has been in the market for so long now, so I don't understand the comparison by the OP to be the next Matic?

And there have been a lot of development from ADA's infancy and Chris is really very active in the community. So for me, each own of them has it's own strength, whether running on ETH or having their own mainnet.

ADA has been on this market for years. It was in this market even before matic. It had a very good reaction when it first came out. But what happened later happened and ADA could not recover itself. Even in this past bull period, it could not give the expected reaction. Matic, on the other hand, has made himself accepted in the crypto money industry in a very short time and has been able to do very successful work. This is why you might have said that Matic would be the next ADA. But if you say that a previously released project will be matic, it would be nonsense in my opinion.

NO, and in the first place, it is impossible as they are different platforms. We couldn't compare a project to one another especially if they are coming from a different platform as no matter what we do, it can never happen that they will work together and grow the same. Prices aren't the basis of it and it eventually changes from time to time depending on the market situation.

I have some ADA before but I was hopeless then after having huge losses, a reason why I don't trust this project especially this time.

I mean are you really looking for a short term answer to this?  No one has a crypto crystal ball trust me especially with alts.  Sometimes things push higher or lower with no rhyme or reason.  Overall I think the market still has some slide in it for sure so I would saw nah ada won't get the pump matic just seen.

At least this is more promising, with a small leap against their journey from the correction period, the partnership they have is something that is necessary, because this will be determined the next leap will be at what price

It can be concluded that in the future this will be more difficult, there is no adoption that can increase the coin, as far as I know this will experience discretion to development, which in the end they are only determined by time

Everything is great in the matic ecosystem, and it will develop rapidly
https://app.intotheblock.com/coin/MATIC
https://dappradar.com/rankings/protocol/polygon
and look at the situation with Cardano
https://cardanocrowd.com/dapps
Ethereum Ecosystem with L 2 Solutions Wins

I hope Matic does good by now, it was interesting to see it grow despite the current condition but when it talks about ADA, that gonna be uncertain. Even before, during the bear season, I'd never find ADA making such an overwhelming trend but it regularly follows Bitcoin, and even it gets worse.


But this gives me surprise, I'm not sure if this is a sort of manipulation or not.

What do you mean here? is it related to price? If so, I'm not sure Cardano (ADA) can be at $MATIC at the moment, it's because there's too much supply of $ADA (45B). But if we talk about market dominance, currently $ADA is more dominant than $MATIC. You can see from the data that CMC provided, currently $ADA is in the 8th position (https://coinmarketcap.com/currencies/cardano/) while $MATIC is in the 13th position (https://coinmarketcap.com/currencies/polygon/).

References:
[1] https://coinmarketcap.com/currencies/cardano/
[2] https://coinmarketcap.com/currencies/polygon/

We are still early in this space so don't let a couple months of poor price performance turn you off from a project like Polygon or Candle Chain. Prices are starting to rise now and soon we will see real world utility kick in and mass adoption.

I think easily its can move on this level also most well known project are now joining on ada network also i saw lots of nft also builting on this network if usecases keep running like this then it is not late to grab ada on cheap price also matic potential in this case you can grab some matic here!

Matic is only layer 2 of ethereum, if you want to compare then compare ADA with ETH instead of Polygon. I also had high hopes on ADA, the ADA network is really great but it seems to be developing quite slowly compared to other layers 1. Ada used to be 3rd on CMC but now ada has dropped to 8th, ada has been easily overtaken by new altcoins. The upgrade is always delayed, I am really disappointed ada.

Maybe you just found out about Cardano, but the fact is that Cardano was founded in 2015 while Polygon (Matic) only founded on 2017 so Cardano was there before Polygon. It was quite popular when people start to creating an alternative for Ethereum almost at the same time with NEO and EOS if I am not mistaken, while Polygon is there to kind of improve the Ethereum. Moreover ADA has more liquidity than MATIC so, ADA to be the next MATIC is either non-sense or not a good news for ADA

Ada is layer 1 and Matic is layer 2 so they are not comparable. But in terms of potential, these are 2 tokens worth considering long-term holding. Although ADA appears to be quite slow compared to other layers 1 projects, sometimes slowly but surely, with what Ada is doing, this is to be expected. Matic has been doing a great job as a layer 2 of Ethereum. I believe the 2 tokens just now hold a lot of promise in the future, holding both is advisable.

ADA is a good coin on my eyes and i believe this coin can do something better in the future like Matic. ADA project team is supper active and professional. So it is natural that they have the potential to do good things in the future. I am holding a big amount of ADA from 8 months. and my target i will hold it next 2 years

Well, just to hope something good happens in the future and might ADA or both of them will keep on the momentum they have this time and even better. I'd just somehow think that ADA will have to show that it deserves to be trusted and remains its potential despite the bear situation we have.

Ada is one of the top 20 coins in the market, Holding is worthy for this project and I see a profit end than losses.

"In the coming days?" If you mean the nosedive I can agree on that but if you're talking about the uncertainty that it will skyrocket like what MATIC did in the recent bull market, that's still unsure. ADA seems don't follow the MATIC's trajectory so it's safe to assume that it will not.

If you are comparing for investment then I think it is not necessary since the two are not in competition with each other. It would be great if both could be held, as both promise further increases in price in the future. Both have very low prices suitable for buy and hold from now on. Both can be considered very popular in today's market, holding them will also provide us with some safety .

They both seem to place in the same space whether on layer 2 of eth or on their own like ada.  As far as ada doing what matic did, they already have a competent price you make it sound like they are some small cap coin that has never made a run.  Both can do well in the next run up.

That is right, if you believe both platforms are worth investing, then go for both.
Diversification is good to follow if you think you are on the right track.
Because they will have different route of market performance, you can optimize your possible profits in that manner.
ADA and MATIC for me, are worth to take a look. But go deeper if you will invest some of your funds.

They both exist in the market for many years, they are on many bear seasons but still, they survive and pump during the bull market. However, I'd never see ADA will be the same close to Matic, though they are showing such a good performance this time, still they are far from its direction. And this is maybe because investors arent' really confident with ADA compared to Matic. Well, I also hope for the best for them in the incoming years and never disappoint their investors.

if we hold it from now on , ADA price was undervalue and i think its good investment for long term purpose. alot things postponed in ADA developtment , when it fully released could be trigger for next bullrun movement. Maybe if we could hold till next halving , atleast 10x return easily achieved. only our patience will support us .

ADA and MATIC are both good assets to invest in because they look very promising for the future and so far if we look at the development of the ecosystem, both of them continue to grow and it is possible that in the future both will get greater adoption, if we talk about advantages then I agree that ADA is slightly superior to MATIC because ADA stands on its own blockchain which makes many people believe that ADA is capable of growing bigger in the future.

The market that moves positively has a big impact on Adia, today rose more than 6%, I hope that it will reach $ 1 soon, the year might not be able to pass ATH but I make a target of $ 1 so that My Assets can be stable and return to the end of December 2021.

The main concern is ADA must tried to attract more and more dapps developers to join on its ecosystem. The growth is very fast since the last update for ada network and this time it's become even better and better. Im sure that ADA can surpass another big blockchain.
Matic is still under ADA. ADA is using its own first layer blockchain unlike matic that used second layer blockchain for its ecosystem. The both were actually different from one to the each other.

If they can come up with some new innovative developments that can be useful for the current crypto era, they could be one of the game changers and could boost their market at a drastic rate which is not really impossible because everything can be upgraded in this modern era of the crypto industry. nevertheless, the other blockchains that are successful nowadays started from scratch but they never gave up thinking some new idea to improve their features and look at them today, became top altcoins in the crypto market.

true, matic has been having good bullrun but ada isn't inferior either, instead it's just matter of time until both have a bullrun in the next bullish season.
considering the fact that their market capitalization has been growing significantly the next massive bullrun is kinda obvious.
instead, both of the alts definitely good for diversification.

What is your specific question? You ask too general. What do you mean by price?
When it comes to price, ADA and MATIC only follow the market flow. Both will turn green and red when Bitcoin changes. I see most cryptos following Bitcoin's flow of change, except for cryptos that are just listed on the exchange, so there will always be new surprises, but they don't hold up well.

Both ADA and MATIC are solid crypto projects that would probably last a lifetime. However, I think MATIC will gain the most adoption simply because it's compatible with EVM-based smart contracts. This means your favorite dApps and/or tokens on ETH can be easily ported to the Polygon (MATIC) chain. I cannot say the same about Cardano (ADA) because it has its own VM and programming language for smart contracts. It's something completely new out of the box. Developers are going to need to study the new language to launch dApps of their own on the Cardano blockchain.

Performance-wise, both of these projects outperform Ethereum (ETH) in every way. No one can predict the future so we can only hope for the best. Just my opinion :)

Maybe yes,  maybe also not, but it could be that ADA is a worthy competitor to MATIC, but will it stand a chance to be the next MATIC? it remains to be seen. The fact is that the MATIC token will become an important player in their respective fields going forward. Anyway, I think it can give investors some confidence in ADA's future to take some visionary steps to become the Next MATIC.

Ada and Matic are amongst the potential projects in the market. Both have got its own importance in some factors and are in need of development in some form. Ada is completely different in terms of development and it makes the platform more unique against other blockchain platforms. Different layers of development is in progress and it wasn't able to move according to the schedule. However the growth is stabilized and kept progressive.

Apart from this Ada keeps gaining importance among the investors than the development and adoption. As a result Swiss-based digital asset bank Sygnum has added Cardano (ADA) to its bank-grade staking services for institutional clients. These form of usage could encourage real-time usage which is also a boost to the market. Both are in a good state in terms of development and usage.

it's true that lately matic has experienced a price increase and its trading volume is also very good and many big investors are investing in matic, because they see good potential in matic.
 
if there is a coin in my opinion it is no less great and now there is a coin that is experiencing an increase in price and the trading volume is also good. and for sure in my opinion there is a coin that is no less great than matic.

indeed now matic the price has gone up and the trading volume is good, and many big investors are investing in the matic because they see good potential in the matic, whereas if you look at it, there is, the price is not too high but this does not mean it will continue with the current price continuously, of course, it is certain that one day the price will soar, and now if you look at the price of the coin, there is, the movement and price will continue to rise and surely one day it will rise. the price will go up very high. and indeed now many big investors are looking at coins, there are, because there are, coins that are worth buying because they haven't soared too far and I personally started buying coins, there are, and I will make long-term investments. because I see good potential in the coin,there is.