Cardano is most likely an outdated an overvalued coin

[Billo_]

Cardano got recently some attention by speculants but for fundamentals, Cardano is very weak:  

Cardano is an old coin and based on outdated models, compared to advanced coins like Ethereum 2.0, Cosmos or Avalanche. I would compare Cardano to BCH, Tron or EOS. Cardano is a very similar age. All coins failed to deliever and will be dead coins soon. Tron is already abandoned because Justin Sun failed to meet his expectations.

Because most coins, when initially started, have a vision and try to look if it works. Cardano failed to deliever it's initial vision (it started already 4 years ago and failed last bull cycle). New coins will replace it and people holding Cardano now will pay a high price.
We should avoid FOMO and instead have a look for FACTS because facts matter if a coin is succesful. Cardano is a very old coin and outdated coin here, it promised so much and delievered so little. Similar like Tron a hyped and overvalued coin.

See also here: We should not buy outdated and overvalued coins

[cryptoaddictchie]

Not gonna say I don't agree but comparing it to some new blockchain definitely it is being outrun by them. Polkadot, Avalanche, and cosmos and even solana has totally overtake cardano in terms of expansion. The most strong candidate to at least rival ethereum is no doubt polkadot as many projects has shown interest on this and made a trend in the crypto market.

I could say cardano is one of the top but in terms of adoption they are literally behind on these mentioned projects.

[Anonylz]

What was the promise Cardano made that it didn't fulfil? Is Cardano older than eth or btc or waves? And if this is about the number of users on their blockchain I think this issue is subjective and not because of the age, perhaps more dev finds eth erc20 more user friendly than using Cardano,

Between those new networks you mentioned, they are new and the hype is still very much alive, but give them some years to be around and check their adoption level (not price pump wise) by then am sure new hype are out - then you can compare their achievements with whatever new projects will be happening.

[takngantuk]

if you look at ethereum is also outdated, network 2.0, only used as an excuse to cover all that. While projects like Polkadot and Cardano have arrived early, ethereum has just started developing new networks, isn't it too late. but the fact is they can still compromise on all of that. which means people see not the technology used. and what about btc, from the start to date there have been no significant changes. they still use PoW, and isn't that one of those outdated technologies too? But look at the fact, BTC is the number one crypto and no one thinks that this coin is not profitable.

[ivankoh]

Cardano got recently some attention by speculants but for fundamentals, Cardano is very weak:  

Cardano is an old coin and based on outdated models, compared to advanced coins like Ethereum 2.0, Cosmos or Avalanche. I would compare Cardano to BCH, Tron or EOS. Cardano is a very similar age. All coins failed to deliever and will be dead coins soon. Tron is already abandoned because Justin Sun failed to meet his expectations.

Because most coins, when initially started, have a vision and try to look if it works. Cardano failed to deliever it's initial vision (it started already 4 years ago and failed last bull cycle). New coins will replace it and people holding Cardano now will pay a high price.
We should avoid FOMO and instead have a look for FACTS because facts matter if a coin is succesful. Cardano is a very old coin and outdated coin here, it promised so much and delievered so little. Similar like Tron a hyped and overvalued coin.

See also here: We should not buy outdated and overvalued coins

Personally, I am not encouraged with this thought. Although, ADA has the ultimate rejuvenation compared to the advantages that ETH and XRP have. However, ADA is interoperable and flexibly extends the utility from its platform. Defi is another way to see the strength of ADA. There is no reason to reject a penny with power and fulfill new requirements in the future. It is a classical thought with a traditional breath.

[axeholm]

Cardano needs to come up with a better idea, their team should gather together and start brainstorming.

[Bttzed03]

Cardano got recently some attention by speculants but for fundamentals, Cardano is very weak: 

Cardano is an old coin and based on outdated models, compared to advanced coins like Ethereum 2.0, Cosmos or Avalanche.

What made you say it's an outdated model? It's on POS and they are scheduled to release smart contracts next month. The same models being used (will be used) by the same blockchains you call as advanced.

I would compare Cardano to BCH, Tron or EOS. Cardano is a very similar age. All coins failed to deliever and will be dead coins soon. Tron is already abandoned because Justin Sun failed to meet his expectations.

Poor comparison. Ethereum failed so many times to meet deadlines on ETH 2.0 but you still call them advance.

Because most coins, when initially started, have a vision and try to look if it works. Cardano failed to deliever it's initial vision (it started already 4 years ago and failed last bull cycle). New coins will replace it and people holding Cardano now will pay a high price.

What's their initial vision that they fail to achieve?

[aryana42]

Cardano needs to come up with a better idea, their team should gather together and start brainstorming.

Why are they hanging out if they just want to get another new idea? Isn't it that Cardano's current price is still in a very good domain even though the price has decreased several times but the difference is only a little.

[asriloni]

Cardano needs to come up with a better idea, their team should gather together and start brainstorming.

It's quite difficult to happen. The business model that already proposed by ADA will not be changed again. I remember when this one was following the trend to create the smartcontract. This project is not bat at all but consider the valuation for a copy cat project worth multi billion dollars and that sounds really strange for me personally. There are lots of good projects outta here.

I'm a bit surprised to see that it's not me who are feeling this project is over valued at this moment dude. 

[jacafbiz]

I do believe Cardano is overvalued but so is almost everything in the world now because of inflation, what helps Cardano is that it has a committed and dedicated holders that are staking their tokens instead of dumping them on exchange. I will wait to see how many project move to the platform and if they can have their own Uniswap moment just like Ethereum

[peter0425]

You have mentioned already Cardano in this Thread about Outdated coins

https://bitcointalk.org/index.php?topic=5317811.0

Yet you created another single thread to point out Cardano individually to push that outdating issue .

have you wearing a problem against cardano team ? because it looks unusual for a account to make this act for a single coin.

[jjdub7]

I agree with you, but the data about her are quite interesting.

In the last few days, the price of Cardano began to rise steadily above the resistance of $ 0.7000.

ADA rose above the level of 23.6% on the fib correction of the recent decline from $ 0.9860 to $ 0.6919.

A successful break above the resistance of $ 0.8500 and the trend line can start a new upward momentum.

[mu_enrico]

Cardano: a dApp platform that doesn't have any dapps. It's nice they currently get the fifth rank despite all they have is only promises.

[ashmodeus]

so you mean current ADA on the bubble stage ? , i still remember when most speculan says ADA is going to retrace by end of january, and where the retrace ? it's even x3 since middle of january. its too complited about it, i mean , ADA overvalued indeed, but market movement seems keep pump it up. how about doge btw ? its more overvalued but, market seems doesn't care. people keep buying it, no matter what, and big holder seems no interest to take anyprofit from it.

[deathcode]

Cardano: a dApp platform that doesn't have any dapps. It's nice they currently get the fifth rank despite all they have is only promises.

but what's happening in the market, we see ADA holding up pretty well. compete with other platforms and ADA has a strong market.

[JHORN]

Op you are 100% wrong about cardano, maybe you are one of those people who always expect 1000% gains from every coins they invested money on? Just a guess cos many people on here knew that cardano isn't a small project, if the project failed to meet your expectations then its nobodies fault

[tsaroz]

I am not following cardano closely but they haven't been on the spotlight for their platform or any good way that I know of.
They have been here for years, they have a good community and following, but they don't have any popular tokens, dapps or smart contract on their platform while they've been calling themselves an alternative of Ethereum. They are thriving on staking but not sure how sustainable it is.

[bayudndy]

Very silly judgment, I believe you do not understand anything about it. If it is being overvalued then what do you think its actual price is right now. The issues you mention are just your own perspective, your personal opinion never makes much sense for projects like these, they have their own development strategy.

More importantly, it's still doing well !!!

[slaman29]

That's the danger with all these old projects. That they constantly have to keep developing and appear more and more sophisticated and why? Because simply they don't have the users they need.

Litecoin (and Dogecoin even), aren't supposedly so sophisticated but have a userbase. So they don't need to appear new and shiny and not be overvalued even at current prices.

[Billo_]

Cardano needs to come up with a better idea, their team should gather together and start brainstorming.

100% agreed!
It is of huge importance to have a good idea and make it working, so many coins fail to deliever a product. We all know a picture from ICO horse, where it looks very well before ICO buy when finishing, it doesn't work and its a crappy drawing. So many coins end like it.

Cardano got recently some attention by speculants but for fundamentals, Cardano is very weak:  

Cardano is an old coin and based on outdated models, compared to advanced coins like Ethereum 2.0, Cosmos or Avalanche.

What made you say it's an outdated model? It's on POS and they are scheduled to release smart contracts next month. The same models being used (will be used) by the same blockchains you call as advanced.

Based on tech and innovation, I'll quote here:

Hi! Yes, I wrote Tron and Cardano is outdated and not innovative coins. And here is why:

I wrote it based on tech because every project needs to consider a moving market:
Yesterday it was fast payment
After it came ICO and later DeFi
And finally is coming NFT

All projects need to adopt especially DeFi and NFT, developers need to develop fast. Tron didn't deliever, only empty promises, Cardano didn't deliever, only empty promises. For 4 years now. Only marketing while people don't do research and buy. DeFi and NFT does not work for such outdated projects, nobody will use it. Price is just so high because of good marketing from Tron and Cardano. People believe it while it's only empty promise but in reality outdated tech.

It's a quote from me.

I would compare Cardano to BCH, Tron or EOS. Cardano is a very similar age. All coins failed to deliever and will be dead coins soon. Tron is already abandoned because Justin Sun failed to meet his expectations.

Poor comparison. Ethereum failed so many times to meet deadlines on ETH 2.0 but you still call them advance.

Your comparison is poor. Ethereum is a running project, has proven huge adoption which Tron and Cardano never achieved and it's a huge difficulty to move Ethereum to Ethereum 2.0. Vitalik is a genius, he has developed and and he knows very well it needs time. Ethereum 2.0 will be huge we haven't seen before.

Because most coins, when initially started, have a vision and try to look if it works. Cardano failed to deliever it's initial vision (it started already 4 years ago and failed last bull cycle). New coins will replace it and people holding Cardano now will pay a high price.

What's their initial vision that they fail to achieve?

Delievering a working product comparable to Ethereum 1.0

You have mentioned already Cardano in this Thread about Outdated coins

https://bitcointalk.org/index.php?topic=5317811.0

Yes, because it is, same for Tron: https://bitcointalk.org/index.php?topic=5317808.0

Cardano: a dApp platform that doesn't have any dapps. It's nice they currently get the fifth rank despite all they have is only promises.

+100
Very good comment, best one I have read so far. So many projects are completely useless and only based on promises and empty marketing. A project is good if it's a working product.

Op you are 100% wrong about cardano, maybe you are one of those people who always expect 1000% gains from every coins they invested money on? Just a guess cos many people on here knew that cardano isn't a small project, if the project failed to meet your expectations then its nobodies fault

Where are your arguments? I don't see any!
Cardano failed to deliever for 4 years now, it is insane people are setting it at place 5 on Coinmarketcap! IT IS INSANE! Pure speculation basey on empty promises and marketing. So many projects do it but Tron and Cardano are massively misleading everyone.
I want to see a SOLUTION to scalability and high fees! What did Tron and Cardano? Promises and marketing!! But no solutions.

Very silly judgment, I believe you do not understand anything about it.

You are clearly silly here. Someone who doesn't have a clue about what shitcoins you are defending here.
It's completely silly to deny innovative tech would not be useful.
LOL! Innovative tech is what makes a project successful. Before you submit non-educated comments next time, maybe do your research or use simply google search or common sense. Marketing doesn't improve a project, keep in mind.

If it is being overvalued then what do you think its actual price is right now. The issues you mention are just your own perspective, your personal opinion never makes much sense for projects like these, they have their own development strategy.

More importantly, it's still doing well !!!

High price does not mean it's a good project. Did you see when Ripple was sometimes ahead of Ethereum? Ripple was place 2 last year. And now? Ripple is gone because Ripple marketing does not work anymore.
Price is only a temporary point in time, if a project can't deliever, price will go down.
And no, it's not personal opinion, it's a fact because only innovative tech will be successful.