Bureau (OP)
Sr. Member
 Offline
Activity: 406
Merit: 262
Eloncoin.org - Mars, here we come!
|
 |
June 30, 2023, 11:52:35 AM |
|
I have been recently trying to find out which crypto projects can become an Ethereum killer? I did a few search and found out that Cardano could have become the next best cryptocurrency after Ethereum.
It could have even become better than Ethereum. It was launched in 2015, by Charles Hoskinson who was also the co-founder of Ethereum. At that time it was way ahead of the Ethereum blockchain.
It was scalable, energy efficient & used POS protocol. What I see now is Ethereum is following its footsteps. What I want to know is why it failed? I do know that the developers were lazy and they did not provide the necessary support.
What else can be the reason? Help me with the reasons and do tell me is it worth staking Cardano? I see the price very lucrative but I don't know how much it can make a difference in my life if I purchase it only for the purpose is staking it.
Thanks.
|
|
|
|
|
|
|
|
|
|
|
|
|
If you want to be a moderator, report many posts with accuracy. You will be noticed.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
pakhitheboss
|
|
June 30, 2023, 01:16:23 PM |
|
As per my understanding Cardano got an opportunity and they lost it. Staking started recently, but you cannot expect it to perform similar to Ethereum staking. Although the results are better than Ethereum and when compared to the price it is more comfortable for anyone to purchase & stake it.
My opinion is that except Bitcoin (if you bought before 2011) you wouldn't be able to create financial freedom. That being said, the price point of Bitcoin at the moment is encouraging. I know that Bitcoin is too costly, investing in small amount can lead you to financial freedom. Whereas investing in altcoin is beneficial if you know what to do!
If you can DYOR on that project before investing.
|
|
|
|
Bureau (OP)
Sr. Member
Offline
Activity: 406
Merit: 262
Eloncoin.org - Mars, here we come!
|
|
July 01, 2023, 06:41:12 AM |
|
As per my understanding Cardano got an opportunity and they lost it. Staking started recently, but you cannot expect it to perform similar to Ethereum staking. Although the results are better than Ethereum and when compared to the price it is more comfortable for anyone to purchase & stake it.
My opinion is that except Bitcoin (if you bought before 2011) you wouldn't be able to create financial freedom. That being said, the price point of Bitcoin at the moment is encouraging. I know that Bitcoin is too costly, investing in small amount can lead you to financial freedom. Whereas investing in altcoin is beneficial if you know what to do!
If you can DYOR on that project before investing.
Not everyone can afford 1 Bitcoin, you need to invest in it every month, and sometime in the future, you would accumulate 1 Bitcoin. Through staking, you will be able to do it fast using a cryptocurrency like Cardano. 1 ETH is out of reach for a common man, you can start staking with a small amount, but the desired return won't be high. If you are completely focused on the staking process of ADA at its price point, you can purchase more than 1 ADA and start staking with good returns. |
|
|
|
|
elevates
|
I have never thought that anyone here would be discussing about Cardano. The reality is that it is a great project without any prospects. The team has been delayed it's progress to such an extent that I don't know whether it is good or bad to invest in it. I do agree with your argument on staking. I would still leave it as it if you are asking for my opinion.
|
|
|
|
|
|
teosanru
|
|
July 02, 2023, 04:31:02 PM |
|
I have been recently trying to find out which crypto projects can become an Ethereum killer? I did a few search and found out that Cardano could have become the next best cryptocurrency after Ethereum.
It could have even become better than Ethereum. It was launched in 2015, by Charles Hoskinson who was also the co-founder of Ethereum. At that time it was way ahead of the Ethereum blockchain.
It was scalable, energy efficient & used POS protocol. What I see now is Ethereum is following its footsteps. What I want to know is why it failed? I do know that the developers were lazy and they did not provide the necessary support.
What else can be the reason? Help me with the reasons and do tell me is it worth staking Cardano? I see the price very lucrative but I don't know how much it can make a difference in my life if I purchase it only for the purpose is staking it.
Thanks.
I don't really think it can be anything now. The project was very good at a time. But I think it's problem just like any other 3rd wave cryptocurrency was that it was too centralized and concentrated in few hands. Even though that helps in lobbying the devs to actually work but also works in a negative way because losing one investor can affect price and even motivate others to withdraw as well. |
|
|
|
|
|
bittraffic
|
I have been recently trying to find out which crypto projects can become an Ethereum killer? I did a few search and found out that Cardano could have become the next best cryptocurrency after Ethereum.
It could have even become better than Ethereum. It was launched in 2015, by Charles Hoskinson who was also the co-founder of Ethereum. At that time it was way ahead of the Ethereum blockchain.
It was scalable, energy efficient & used POS protocol. What I see now is Ethereum is following its footsteps. What I want to know is why it failed? I do know that the developers were lazy and they did not provide the necessary support.
What else can be the reason? Help me with the reasons and do tell me is it worth staking Cardano? I see the price very lucrative but I don't know how much it can make a difference in my life if I purchase it only for the purpose is staking it.
Thanks.
I don't really think it can be anything now. The project was very good at a time. But I think it's problem just like any other 3rd wave cryptocurrency was that it was too centralized and concentrated in few hands. Even though that helps in lobbying the devs to actually work but also works in a negative way because losing one investor can affect price and even motivate others to withdraw as well. There are only a few projects doing it on Cardano so there is not much activity on it besides the memecoins they have. But there are tons of NFT and DEFI projects on Cardano that seem to be making progress on it. The latest news I saw on Twitter about ADA was Vodafone releasing NFTs on the platform. Nothing really that might contribute to ADA being one ETH killer but for those who ikes staking I guess the token will still be attracktive. |
|
|
|
|
pakhitheboss
|
|
July 03, 2023, 04:25:20 AM |
|
There are only a few projects doing it on Cardano so there is not much activity on it besides the memecoins they have. But there are tons of NFT and DEFI projects on Cardano that seem to be making progress on it.
The latest news I saw on Twitter about ADA was Vodafone releasing NFTs on the platform. Nothing really that might contribute to ADA being one ETH killer but for those who ikes staking I guess the token will still be attracktive.
Most of these so called Ethereum killer projects are doing quiet well in NFT space than Ethereum itself. That won't considerably affect thier price but might help them to gain good market cap. When the next Bull run comes that would automatically increase thier value. Still, they won't be able to kill Ethereum unless the teams show significant developments and regain the lost trust. |
|
|
|
|
elevates
|
|
July 10, 2023, 01:10:32 PM |
|
Most of these so called Ethereum killer projects are doing quiet well in NFT space than Ethereum itself. That won't considerably affect thier price but might help them to gain good market cap. When the next Bull run comes that would automatically increase thier value. Still, they won't be able to kill Ethereum unless the teams show significant developments and regain the lost trust.
Ethereum blockchain has already been the flag bearer of innovation. As per your saying these so called Ethereum killers are copying what Ethereum has already done. They are not unique as Ethereum has been through its inception. Ethereum to an extent was unique in its own way, whereas these other projects started with something unique but are now following the ETH path. |
|
|
|
|
|
pakhitheboss
|
|
July 16, 2023, 09:10:57 AM |
|
One of the most hated projects on the forum & especially on the local board, suddenly has overtaken Cardano on CMC to become 7th highest market cap crypto at the moment. I understand the frustration of many early adopters but the team is now doing the right think. Please do not consider my reply as a shil. I guess this might be right time to grab a few SOL before the next bull run.
|
|
|
|
|
elevates
|
|
July 17, 2023, 01:21:58 PM |
|
One of the most hated projects on the forum & especially on the local board, suddenly has overtaken Cardano on CMC to become 7th highest market cap crypto at the moment. I understand the frustration of many early adopters but the team is now doing the right think. Please do not consider my reply as a shil. I guess this might be right time to grab a few SOL before the next bull run.
XRP coming back to the 4th position, destroying BNB and SOL getting above ADA. Just checked it on CMC after reading your reply. I do not want to say this but do you think SOL will be able to hold its position? There are better projects than SOL & ADA on that list. Recently I was going through the whitepaper of ALGO and I found it to be very easy to understand. I think most of us have not even looked into it. I do believe that in some time like 5 years, this project might be in the top 10 on CMC. What do you think about this project? |
|
|
|
|
|
pakhitheboss
|
|
July 18, 2023, 06:51:45 AM |
|
XRP coming back to the 4th position, destroying BNB and SOL getting above ADA. Just checked it on CMC after reading your reply. I do not want to say this but do you think SOL will be able to hold its position? There are better projects than SOL & ADA on that list. Recently I was going through the whitepaper of ALGO and I found it to be very easy to understand. I think most of us have not even looked into it. I do believe that in some time like 5 years, this project might be in the top 10 on CMC. What do you think about this project?
XRP coming back is still questionable as the SEC can still go back to the higher court. SOL is actually doing pretty good regardless of its past. I won't be able to comment whether it can hold is ranking but it did surpass ADA. Algorand is a good project but it lacks trust as it is still being worked on and it is a new project compared to the others we are discussing here. It has the potential but we need to wait and watch before coming into any conclusion. |
|
|
|
|
elevates
|
|
July 18, 2023, 12:23:57 PM |
|
XRP coming back to the 4th position, destroying BNB and SOL getting above ADA. Just checked it on CMC after reading your reply. I do not want to say this but do you think SOL will be able to hold its position? There are better projects than SOL & ADA on that list. Recently I was going through the whitepaper of ALGO and I found it to be very easy to understand. I think most of us have not even looked into it. I do believe that in some time like 5 years, this project might be in the top 10 on CMC. What do you think about this project?
XRP coming back is still questionable as the SEC can still go back to the higher court. SOL is actually doing pretty good regardless of its past. I won't be able to comment whether it can hold is ranking but it did surpass ADA. Algorand is a good project but it lacks trust as it is still being worked on and it is a new project compared to the others we are discussing here. It has the potential but we need to wait and watch before coming into any conclusion. I feel that SOL won't be able to sustain its position on CMC. ADA might again regain that spot in a few months time. ALGO looks promising to me and I am planning to use it for staking purposes. There is speculation that it might go up to $50 by 2030. I do agree with your point that it is a new project and that is the reason I feel this project has the potential and investing in it can be beneficial for long-term gain. |
|
|
|
|
|
