Ugh, There's gonna be another 5000 new Alts released under Cardano Ada

[very_452001]

Cardano Alonzo hard fork end of this week bringing defi, dex's, apps, smart contracts, bringing a whole new cardano ecosystem.

Theres 1000s of Altcoins ERC-20 tokens that have been released under the Ethereum ecosystem that have been scams and they have cluttered up coinmarketcap and coingecko.

The same will happen to Cardano and soon we will see 20,000 cryptocurrencies available to buy on coinmarketcap & coingecko that will scam billions off the retail investors 

The question is how do we find the best cardano defi app coins tokens that will stay in the top 20 ranking competing with ethereum and its multi $billion ethereum projects like Uniswap and Terra and many more

Cardano defi apps tokens fees will be super cheap compared to Eth defi until Eth 2.0 comes out.

[faithupgrade]

I heard some news that ADA is not a perfect fit for DEFI projects as they can't process more than 1 block at the same time. I am not sure about this but you can watch it on Youtube entitled YOU ARE BEING LIED TO ABOUT CARDANO (CRYPTOCURRENCY MANIPULATION) , and heres the link https://www.youtube.com/watch?v=dRCyIV2H1nY

This is very sad, as we do not know from these 20000 startups who will scam you.

Cardano Alonzo hard fork end of this week bringing defi, dex's, apps, smart contracts, bringing a whole new cardano ecosystem.

Theres 1000s of Altcoins ERC-20 tokens that have been released under the Ethereum ecosystem that have been scams and they have cluttered up coinmarketcap and coingecko.

The same will happen to Cardano and soon we will see 20,000 cryptocurrencies available to buy on coinmarketcap & coingecko that will scam billions off the retail investors  

The question is how do we find the best cardano defi app coins tokens that will stay in the top 20 ranking competing with ethereum and its multi $billion ethereum projects like Uniswap and Terra and many more

Cardano defi apps tokens fees will be super cheap compared to Eth defi until Eth 2.0 comes out.

[cabron]

Like any other smart contact project yes there will be more altcoins created through Cardano but there might also be migrating to ADA like how BSC grew. Some ETH tokens migrated to BSC for cheaper transactions. Who knows one day there will be another smart contract project again. Polkadot had launched before Cardano, it also pushed some developers to build their project to participate in their ecosystem.

[Swapster]

I was on Solana sub and some dudes (and bots) were pumping a new NFT "SolStreets"... supposed 'art', but it is pure shit. Gonna be a lot of NFT scammers going for money grabs. I do like the NFT market, but this artwork bullshit is ridiculous.

[wajik-tempe]

I'm sure good coins is not rely on which network platform they are in but it depends on the future plans and how the projects done by the team.
So i think it doesn't matter if the project launchs on ADA network or ETH, as long it can deliver a good quailty project, the project will be big and the price of the token should be have significant growth.

[Sithara007]

LOL.. the OP seems to be harboring a deep hatred for Cardano. What is the basis for this 5,000 figure? IMO, most of the tokens/coins that are going to use the Cardano chain will be those already existing projects migrating from ERC-20 or TRC-20 blockchains. Cardano looks attractive for them, because it is the most technologically advanced chain that is available now, and the transaction fee is very low (and it will remain so in the future, because ADA is scalable unlike the case with ETH). Ethereum has dominated the altcoin sector for almost half a decade. But it never adapted to the new challenges. A lot of the users have been frustrated by it's lack of scalability and now the time has come for ETH to die.

[Blitzboy]

You are very optimistic about carnado. However, I doubt that it can happen. First, most of the users are familiar with ethereum and finance smart chain or any wallet start with 0x. Second, there is no way that companies would move to another blockchain. It might hurt their businesses.

Ada is a good coin. But do not blindly make such statement like that. 5000 alts are kinda a joke

[shinratensei_]

Theres 1000s of Altcoins ERC-20 tokens that have been released under the Ethereum ecosystem that have been scams and they have cluttered up coinmarketcap and coingecko.

That's the risk of public blockchain because it's about freedom even the scammers can also take the advantages from the avaibility of public blockchain.

The same will happen to Cardano and soon we will see 20,000 cryptocurrencies available to buy on coinmarketcap & coingecko that will scam billions off the retail investors 

How do you know the exact amount of tokens that will be launched on the cardano? This time there are less than 12k crypto on CMC.

The question is how do we find the best cardano defi app coins tokens that will stay in the top 20 ranking competing with ethereum and its multi $billion ethereum projects like Uniswap and Terra and many more

Should not it be the cardano itself who can compete with ethereum?

Cardano defi apps tokens fees will be super cheap compared to Eth defi until Eth 2.0 comes out.

I hope so but it must make people easy to bridge their asset from ethereum to the ADA as well.

[cryptoaddictchie]

You are very optimistic about carnado. However, I doubt that it can happen. First, most of the users are familiar with ethereum and finance smart chain or any wallet start with 0x. Second, there is no way that companies would move to another blockchain. It might hurt their businesses.

Somehow I agree. Im not sure if those used on using eth would transfer to ada network that easily. Maybe only those handful of expert on rollinh on different blockchain will definitely migrated. But not all are gonna give up on ethereum ecosystem which we knew have biggest user even though there are plenty of alternatives out there like ada.

[Ozero]

You are very optimistic about carnado. However, I doubt that it can happen. First, most of the users are familiar with ethereum and finance smart chain or any wallet start with 0x. Second, there is no way that companies would move to another blockchain. It might hurt their businesses.

Somehow I agree. Im not sure if those used on using eth would transfer to ada network that easily. Maybe only those handful of expert on rollinh on different blockchain will definitely migrated. But not all are gonna give up on ethereum ecosystem which we knew have biggest user even though there are plenty of alternatives out there like ada.

I also don't think Ethereum's popularity will decline with the advent of smart contracts on the Cardano platform. As it turns out, Cardano is a completely centralized coin. Therefore, I consider its overwhelming success to be temporary. Of course, new tokens will appear on its platform and their number can be huge. As always, a significant portion of them will turn out to be useless or even fraudulent. However, only successful and useful types of cryptocurrencies will remain on the market.

[deathcode]

I also don't think Ethereum's popularity will decline with the advent of smart contracts on the Cardano platform. As it turns out, Cardano is a completely centralized coin. Therefore, I consider its overwhelming success to be temporary. Of course, new tokens will appear on its platform and their number can be huge. As always, a significant portion of them will turn out to be useless or even fraudulent. However, only successful and useful types of cryptocurrencies will remain on the market.

maybe this news can be good news or vice versa be bad news.
the good news with the launch of many updates of the Cardano ecosystem will see this market will continue in a good rally with some good news continuing to happen in a row.
but on the other hand, there will be more and more junk tokens or coins in the crypto market. everyone stay careful and don't follow the hype going on. let alone a FUD happening in the crypto community.

[very_452001]

Everybody has head of 'ERC20' under the Ethereum Ecosystem.

What's the ERC20 for Cardano? CRC20

[ampu]

Don't get too FOMO, there are thousands of DAPPs out there in cross-chain activity. Not all new projects promise success. I remember Ethereum also has thousands of tokens and most of them are junk.
Every project takes time to mature. Currently, I only see Solana as the most sought-after Blockchain by the community. SAM has up to $900 million raised to grow Solana ecosystem. So prioritize the present.
Cardano is making lingo, I'll wait and see how fast developers will develop compared to other blockchains with their lingo.