Opinion on Cardano

[Blitzboy]

In my opinion, Cardano is one of the cryptocurrencies that offer attractive advantages. Not only is the price relatively cheap, Cardano also offers solutions to problems that hinder the adoption of blockchain technology through three elements, namely scalability, interoperability and sustainability. In addition, Cardano also uses technology that guarantees more security and ease of transaction processing. Even though it hasn't beaten the market capitalization of Bitcoin and Ethereum, Cardano can be used as a promising investment to make a profit.

I think the problem is that even though it looks like it has so many advantages, it is not going to be that easy to make a profit from it because they are acting as a company and not a coin. When you act as a company that causes trouble, what if the company hires bunch of people who are not good at what they do? That's going to be a trouble and it is going to end up with a trouble even worse later on.

I think it would be smarter to just get smaller, sure I know they laid off a lot of people but I do not mean that, I mean like have only 10-15 people working at most, and that should be the only thing they do, just keep it alive, have slow development process, and you could end up doing a lot better because the costs would be lower and you would not be bothering the coin too much.

I acknowledge your fondness for the "lean machine" method. But, our paths diverge when it comes to operating as a company being an issue. See, corporate structure carries a set of regulations and the capacity to strategize that a formless community might grapple with.

Isnt the danger of bad hiring a universal truth? Your worries about scalability and red tape obstructing the coin's potential are valid, but stifling growth might not be the answer. Could it be about fostering a culture that prioritizes competence and speed?

A team limit of 10-15 folks might keep things streamlined, but it risks hampering development. In the cutthroat crypto sphere, is such a strategy really sustainable?

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[tsaroz]

No more update to this token. Seem like there is no development for this project. So much disappointment while Charles is just scamming people telling that ADA is used in many project in Ethiopia and the neighboring countries. Its not.

The community promotes the token religiously though. Yep the crowds shouts hora every time Charles do the AMA while he brags the projects using ADA. But there were no real projects where real people are using. They may have the list of projects but its still ETH that is used widely.

Cardano still is one of the highly active project on Github. The developers are still invested on improving it. Cardano's niche has a lot of competition and with the bearish trend, the market of smart contracts and dApps has decreased. With such small scope and a lot of choices to make with, developers tend to focus on those platform which they are already used to developing their apps. Though Cardano supports multiple language like Plutus and Marlowe, Solidity is still a leader as it is supported in multiple chains. Cardano could be a big thing but for that we need to have a huge growth on dApps market and cardano be able to change with time's demand.

[ije07]

Cardano is a decentralized platform for creating smart contracts. Cardano's technological benefits offer more cutting-edge technologies, just like Ethereum, which uses Ether coins as cryptocurrency tokens or currencies. Cardano is regarded as one of the ground-breaking projects in the world of crypto assets because it has an environmentally friendly blockchain network as well as layered security. ADA aims to create a third-generation blockchain that has interoperability capabilities (the ability to cooperate between several things) and scalability functions (can be enlarged). Cardano is therefore a highly wise investment over the long term.

[mich]

Well Cardanos creator Charles Hoskinson is giving us holders good reason to not sell our ADA. He has said he thinks it will become the largest cryptocurrency with its governance model and decentralization.

Even more then Bitcoin and Ethereum. His comments did not make the coin earn gains but I think we are going to see profits next Bitcoin bull run.

https://www.fxstreet.com/cryptocurrencies/news/charles-hoskinson-says-cardano-will-beat-competitors-bitcoin-ethereum-become-worlds-largest-cryptocurrency-202308261307

[Yudhisthir]

There are mixed sentiments about cardano but the recent Alonzo upgrade has finally made cardano a mighty option for dex and dapps. The low price of cardano too can be helpful in increasing the adoption of the coin for dex and dapps. But it has fierce competition from other similar contender like Solana, which has a much lower transaction fees compared to cardano and had a range of already popular dapps and dex. The market still has a large space to grow and the success of cardano depends on weather it would provide similar if not better features than its competitors.

[Xal0lex]

There are mixed sentiments about cardano but the recent Alonzo upgrade has finally made cardano a mighty option for dex and dapps. The low price of cardano too can be helpful in increasing the adoption of the coin for dex and dapps. But it has fierce competition from other similar contender like Solana, which has a much lower transaction fees compared to cardano and had a range of already popular dapps and dex. The market still has a large space to grow and the success of cardano depends on weather it would provide similar if not better features than its competitors.

An update is good, but what's the point of this update if the ADA penetration rate in DEXs and Dapps is extremely low and losing the competition? I'm barely familiar with the ADA exosystem, but I use DEXs a lot and it's very hard to find any popular solutions that support this network. I'm not sure that in the next 5 years we can expect some big leap from ADA in adoption among supported networks among different services.

[blockman]

An online wallet app that supports crypto has given me some free credits and what I did is that I've purchased ADA. It is not that I like ADA or whatnot. But because it's cheap and hope that I can have a lucky day from it when it starts to pump. I don't know if it will but since it's just free money that's given to me which isn't a lot, this has given me interest to know some updates on it. Basically, I have no idea what this project is going to be for the next upcoming years and the portion that this have on my portfolio isn't that big.

[VFalcon]

Guys, I wanted to get your opinion on Cardano. I've heard a lot of good things about this cryptocurrency, I'd like to hear your opinion as well. Thanks.

Everyone has their own opinion on this coin, but my opinion is that it's a pretty promising coin, I have ADA sitting in my portfolio along with TFS and those two alone are still making me more profit than the other 80% of coins I own 

[jobyreuben]

Few Things to Consider while evaluating Cardano

1. Firstly it is launched by Charles Hoskinson, one of the co-founders of Ethereum who left the organization due to the fact that Ethereum is non-profit based
2. He created IOHK which is a for-profit organization which is behind the Cardano Project
3. Cardano uses UTXO model for its smart contracts and allows devs to write in Haskel which is a functional programming language
4. While its considered that UTXO is good for parallelization, but it is not better to create arbitrary programs like we do in Ethereum
5. Due to the fact of Haskell's complications, slow updates by the development team there is no chance that new developers might develop on Cardano, only big teams granted funds by IOHK or any other bigger organization that was compelled to build on cardano for its ecosystem may be
6. You cannot expect a new DApp coming through cardano, so there is less to no innovation (in the smart contract side)
7. While these are the concerns, Cardano's node completely written on Haskell is very secure and might be the best language to write client node !!!
8. They have roadmap for a payment channel system (Like lightning network), also updating their smart contract language
9. There was this concurrency problem in Cardano which was as expected by anyone who understands UTXOs that they are individual outputs.
10. They provide same smart contract functionality like Bitcoin-SV which tells Bitcoin Script can do similar programs like ethereum, but they may not due to the fact that Bitcoin and Ethereum are two different account models
11. There is no major Bitcoin-SV adoption so they say they are partnering with countries, governments, etc, etc which exactly cardano does.
12. there is a good future for ADA since it is a bit matured and has a good community as opposed to Bitcoin SV and it has a noteworthy founder.
13. But I can see no newbie developer adoption into its smart contract framework as it is based on UTXOs and needs a seperate design theory to develop applications.

[krava22]

Guys, I wanted to get your opinion on Cardano. I've heard a lot of good things about this cryptocurrency, I'd like to hear your opinion as well. Thanks.

Everyone has their own opinion on this coin, but my opinion is that it's a pretty promising coin, I have ADA sitting in my portfolio along with TFS and those two alone are still making me more profit than the other 80% of coins I own 

There is a lot of hype around TFS on the net right now. I don't know about the ADA

[ndutndut]

Cardano is weak in Marketing, that's why its development is so slow. The problem is that many users don't understand Cardano, and are far behind competitors like Dot and Solana and even Metic.
But I believe. For long-term interests, it is better to do a DCA strategy. Because I think it's a good project too. In my opinion

Everyone has their own opinion on this coin, but my opinion is that it's a pretty promising coin, I have ADA sitting in my portfolio along with TFS and those two alone are still making me more profit than the other 80% of coins I own 

Same bro, I also have 25% of my portfolio on Cardano, Cardano is really cheap now. innovatively and fundamentally in the long term can grow, as a team there is Charles Hoskinson, he is one of the founders of ethereum, obviously he has experience and knows what it takes to create a blockchain platform. and even from the way of development Cardano does use a good way, making papers, peer reviews, etc., we only keep the old ones.
The fundamentals are clear, the market cap is also good, the products are there and clear.

[mich]

A YouTube series 'Cheeky Crypto' host named Nick has some very 'bullish' longterm price predictions for ADA.

In the video he predicts longterm ADA can be worth $26 per token. https://www.youtube.com/watch?v=sTkRtt3etg8

[mich]

Well there is new data saying Cardano is topping all other crypto projects with the most significant development activity. Over the last 30 days Cardano recorded 611.47 notable GitHub commits over the past 30 days to lead other projects.

The 2nd highest was even with Polkadot and Kusama recording 500.67 GitHub commits. https://zycrypto.com/cardano-takes-the-lead-with-groundbreaking-development-activity-can-ada-price-go-to-12/

[FahriZah]

When anybody searching a good coins than ADA Cardano is one of the top list coins because still now cardano trying to bring good performance in the crypto market and cardano is very old and of my favorite coins also just believe in ADA is good coins.

[mich]

Cardano has just launched its first ever Social Media app called Cardano Spot. It was built for Cardano enthusiasts and investors and for ADA projects.

https://beincrypto.com/cardanos-first-ever-social-media-app-goes-live/

[billyd7]

Its like Solona only no where near as good.

[mich]

Well now Cardano founder Charles Hoskinson is making his point and giving up chance to speak. Because he will not attending a Web Summit he thinks is now too much political.

And now he will do a AMA instead of attending. https://beincrypto.com/cardano-founder-ama-over-web-summit/

[GeorgeJohn]

Guys, I wanted to get your opinion on Cardano. I've heard a lot of good things about this cryptocurrency, I'd like to hear your opinion as well. Thanks.

Cardano has been long it's in existence and I believe that since that time it's in existence have no develop the way its so I believe that cardano is like other token who is struggling to survive or stand firm in the industry, but one thing like cardano with is that since the existence it never die off like other coins I know about in cryptocurrency life.

The thing I noticed that is making cardano not have much influence in the market is the promotion because by now cardano coin would have gotten a lot of popularity and lot of based in cryptocurrency by now, assuming they have promoters and influencers the coin would have gotten a lot of firm's

Buy nevertheless since the coin is standing it never been eliminated in the market so I believe that it will stand more firm in the market during bullish market, I know that got their values during the time of bullish market and during the time of bearish market they get devalued and their no investor that will be after them.

[bittraffic]

Back in 2016 tokens like NEM and its competitors are on top of the ranks. We thought those tokens are going to be on top forever. But now we see they are not found on top 10. I think ADA will have no difference to those tokens.

It will eventually taken over by newer projects which has sensible use case.

[mich]

Cardano Founder Charles Hoskinson is welcoming his new employee for the new stablecoin venture. Sean Ford is the new CEO of Input Output Global for the stablecoin.

https://iohk.io/en/blog/posts/2023/10/23/iog-appoints-w-sean-ford-as-ceo-of-newly-created-stablecoin-venture/