A month now since Cardano Alonzo Fork - did it meet your expectations?

[PUTinCoinProject]

Hi community,

it is now a month since the long awaited Alonzo fork happened in the Cardano chain.

Up to now, it had no noticable impact on the price of ADA. So why is this?

Are there too less attractive Cardano smart contract projects?
Does the crypto-community have more trust in ETH?
Or is it, because of the general tense situation on the crypto market, where BTC was already expected to be on 100,000 USD?

What can we expect from Cardano during the following weeks, months? Your opinions and analyses are welcome. 

[PUTinCoinProject]

In my opinion the lack of Cardano projects is the main reason for the weak ADA performance of the last 4 weeks.

Cardax, the Cardano DEX project is the hottest candidate but also not ready.

Does anybody know about other Cardano projects, which might be interesting?

[AtomicProject]

For me the hottest stuff in Cardano chain are the "native tokens". Tokens, which can be released without needing smart contract will save enormous gas fees, which, in my opinion is the biggest problem of ETH.

[samcrypto]

Haven’t seen a much needed projects under ADA though if you’re looking at the market cap, ADA is already on the top 3 despite of this so technically, the fork contributed to this one but still early to celebrate. I do agree that we need more projects, so ADA can finally take over ETH.

For me the hottest stuff in Cardano chain are the "native tokens". Tokens, which can be released without needing smart contract will save enormous gas fees, which, in my opinion is the biggest problem of ETH.

If ADA solve this and offer a better and cheaper services, there’s no doubt that in the future it will be the top altcoins to look for.

[PUTinCoinProject]

...so ADA can finally take over ETH.

So you think that Cardano has the potential to take over ETH? More likely than other competitors like Solana or Polkadot?

[Quidat]

Hi community,

it is now a month since the long awaited Alonzo fork happened in the Cardano chain.

Up to now, it had no noticable impact on the price of ADA. So why is this?

Are there too less attractive Cardano smart contract projects?
Does the crypto-community have more trust in ETH?
Or is it, because of the general tense situation on the crypto market, where BTC was already expected to be on 100,000 USD?

What can we expect from Cardano during the following weeks, months? Your opinions and analyses are welcome. 

No one could ever tell on what would happen in the future specially on coins that you are expecting to rise up its price because of some fork event or something updates that had been done.
Fork event doesnt really always mean that it is really giving out significant rise.It isnt really directly showing off effects but rather it could go for long term.When it comes to demand
then its undeniable that ADA is really a good potential coin if you do ask me.It wont be sitting out on top rankings if its a shit project.So its up to yours if you do believe on that.

[PUTinCoinProject]

No one could ever tell on what would happen in the future specially on coins that you are expecting to rise up its price because of some fork event or something updates that had been done.
Fork event doesnt really always mean that it is really giving out significant rise.It isnt really directly showing off effects but rather it could go for long term.When it comes to demand
then its undeniable that ADA is really a good potential coin if you do ask me.It wont be sitting out on top rankings if its a shit project.So its up to yours if you do believe on that.

Charles Hoskinson more than once pointed out, that he would prefer slow and steady development including enough time for debugging instead of trial-and-error tactics, which might do a lot of harm. So maybe this is one more reason why the ADA price might not rise as fast as some of us expect.

[dansus021]

in my opinion cardano and their smart contract it gonna be huge right know maybe there first time launch like ethereum or binance smart chain when first launch if the dapp going up maybe cardano will above the expectations beside that cardano still on the top 10 so we just need wait

[bussybuddy]

in my opinion cardano and their smart contract it gonna be huge right know maybe there first time launch like ethereum or binance smart chain when first launch if the dapp going up maybe cardano will above the expectations beside that cardano still on the top 10 so we just need wait

This is bound to happen as the huge potential has created a big position for the current ADA. Next time smart contract deployment I think it's a big milestone for ADA, I think this will be the time when the ecosystem is expanding and there will be a lot of developers going there to build.

[PUTinCoinProject]

in my opinion cardano and their smart contract it gonna be huge right know maybe there first time launch like ethereum or binance smart chain when first launch if the dapp going up maybe cardano will above the expectations beside that cardano still on the top 10 so we just need wait

This is bound to happen as the huge potential has created a big position for the current ADA. Next time smart contract deployment I think it's a big milestone for ADA, I think this will be the time when the ecosystem is expanding and there will be a lot of developers going there to build.

I agree. But what could be possible dangers to Cardano in its present status? Do you think they will be able to launch neccessary projects to make ADA the next ETH by the end of 2021 or do we need to wait longer?

[michellee]

It did not reach my expectations yet but I am sure that sooner or later, it will reach what I want in the future. The project is still in development, which can make the project bigger than before, so we must be patient and still hold the coin for a while.

The community still trusts ETH and uses ETH as their investment or way to trade because ETH is still strong enough to give what they want. But I admitted that maybe this is because the bitcoin price is not increasing so high, so it seems that many altcoins are stagnant and not moving to the higher price. But soon after the bitcoin price starts to rally, the altcoin will have its time to increase.

[PUTinCoinProject]

It did not reach my expectations yet but I am sure that sooner or later, it will reach what I want in the future. The project is still in development, which can make the project bigger than before, so we must be patient and still hold the coin for a while.

The community still trusts ETH and uses ETH as their investment or way to trade because ETH is still strong enough to give what they want. But I admitted that maybe this is because the bitcoin price is not increasing so high, so it seems that many altcoins are stagnant and not moving to the higher price. But soon after the bitcoin price starts to rally, the altcoin will have its time to increase.

Interesting thing is, that ETH soared 7% today. Although the price has kept in a range between 3,400 and 3,600 USD for quite a time. I think Vitalik is doing some strategic price development again. 

[stomachgrowls]

It did not reach my expectations yet but I am sure that sooner or later, it will reach what I want in the future. The project is still in development, which can make the project bigger than before, so we must be patient and still hold the coin for a while.

The community still trusts ETH and uses ETH as their investment or way to trade because ETH is still strong enough to give what they want. But I admitted that maybe this is because the bitcoin price is not increasing so high, so it seems that many altcoins are stagnant and not moving to the higher price. But soon after the bitcoin price starts to rally, the altcoin will have its time to increase.

When it comes to demand then theres no denial that ETH does have really have more than compared on other blockchains or projects out there but doesnt mean that they are totally shit.

Just like on what been said by others that not all Forks would really be having significant impact or price and most likely the effects can be seen on long term.

Charles Hoskinson more than once pointed out, that he would prefer slow and steady development including enough time for debugging instead of trial-and-error tactics, which might do a lot of harm. So maybe this is one more reason why the ADA price might not rise as fast as some of us expect.

Well they do got some point on where making out some development which do really solves out past issues or flaws of the said project but it would still all matters on peoples
recognition and demand whether that current update was spectacular or something useful.

[PUTinCoinProject]

When it comes to demand then theres no denial that ETH does have really have more than compared on other blockchains or projects out there but doesnt mean that they are totally shit.

Just like on what been said by others that not all Forks would really be having significant impact or price and most likely the effects can be seen on long term.

Yeah, but I don't think that the market will tolerate the crazy GAS fees this demand is causing in the ETH chain. Vitalik promised a lot for London fork, as said before, but I don't see any impact on the fees.

So how long until the market will look for alternatives?

[PUTinCoinProject]

By the way, what do you think about the Cardax DEX project? (https://cardax.io/)

[michellee]

It did not reach my expectations yet but I am sure that sooner or later, it will reach what I want in the future. The project is still in development, which can make the project bigger than before, so we must be patient and still hold the coin for a while.

The community still trusts ETH and uses ETH as their investment or way to trade because ETH is still strong enough to give what they want. But I admitted that maybe this is because the bitcoin price is not increasing so high, so it seems that many altcoins are stagnant and not moving to the higher price. But soon after the bitcoin price starts to rally, the altcoin will have its time to increase.

Interesting thing is, that ETH soared 7% today. Although the price has kept in a range between 3,400 and 3,600 USD for quite a time. I think Vitalik is doing some strategic price development again. 

Yesterday, ETH's price reached $3,819 as the highest price and now, the price is down to $3,752 so I think ETH will have its chance to back to $3,800. While Cardano reached $2,22 yesterday and now, the price is $2,15 so Cardano can increase more. Cardano itself already reached the highest price at $3,10 and the price now is almost or going to go to $3 soon.

It did not reach my expectations yet but I am sure that sooner or later, it will reach what I want in the future. The project is still in development, which can make the project bigger than before, so we must be patient and still hold the coin for a while.

The community still trusts ETH and uses ETH as their investment or way to trade because ETH is still strong enough to give what they want. But I admitted that maybe this is because the bitcoin price is not increasing so high, so it seems that many altcoins are stagnant and not moving to the higher price. But soon after the bitcoin price starts to rally, the altcoin will have its time to increase.

When it comes to demand then theres no denial that ETH does have really have more than compared on other blockchains or projects out there but doesnt mean that they are totally shit.

Just like on what been said by others that not all Forks would really be having significant impact or price and most likely the effects can be seen on long term.

Maybe the forks will affect in a long time and not in a short time. So the investors or traders need to have patience while preparing themselves by having many amounts of Cardano if they believe the price can increase in the future.

But it is still too soon to compare Cardano with Ethereum which already has popularity among the other altcoins. Cardano needs more time to develop their project and reaches every plan on their project.

[Ararbermas]

ADA fell and stayed at the support level for days while bitcoin and ethereum rose up after the massive correction in the market , on that time i know a lot of investors lose confidence because instead of making a hype because of fork it plunges, for me until now it's still unpredictable if it can reach the predicted value, because it seems following the trend of the market wherein there's no specific indicators that can tell if it will gonna continue to climb once market suddenly turn into red again..

[PUTinCoinProject]

ADA fell and stayed at the support level for days while bitcoin and ethereum rose up after the massive correction in the market , on that time i know a lot of investors lose confidence because instead of making a hype because of fork it plunges, for me until now it's still unpredictable if it can reach the predicted value, because it seems following the trend of the market wherein there's no specific indicators that can tell if it will gonna continue to climb once market suddenly turn into red again..

So HODLING is the advice?

[hd49728]

it is now a month since the long awaited Alonzo fork happened in the Cardano chain.

Up to now, it had no noticable impact on the price of ADA. So why is this?

Buy the rumor, sell the news. When you see rumor and can verify it with development history or recent activities in development of a project, you can believe in the rumor and do accumulation.

When the news is out, it is time to sell. If it is a news about an event on 15 October and price moves up to much one or two weeks before 15 October, you can sell and take profit. If price moves up like that before events, I am sure it won't rise more on and after the event date.

[terciduk123]

After the Hard Fork Cardano, the price has not shown a big increase, but I still believe there will be an increase in the price of Cardano in the future when more tokens are built using the Cardano network.
If later Cardano-based tokens get a positive response on the market and provide benefits to investors like Solana-based tokens. Then there will be a significant price increase on Cardano.
What Cardano needs right now is more backing from a funding or venture capital firm.