I own Cardano and Solana as competitors to Ethereum. The question is whether widespread acceptance will allow them to thrive as alternatives to Ethereum. If so, the upside is quite high.
As an ETH bull, its future is bright and dominance will grow. However, there is plenty of demand and growth for other smart contract/DeFi blockchains to succeed. Solana, Cardano, and Polkadot seem like the next three options for this space. I also own some Cardano, but need to learn more about the others.
ADA is meh in my eyes. I've tried numerous times to get into it. It was supposed to pop to $20 in Sept. That never happened and it appears a lot fo the Cardano people I know have been eating crow since.
I wouldnt say Im high. People I trust are. They told me to buy in when it was $.70. I missed that boat. I see its retraced a little in the last few day after topping out at 1.60 the last 5 days.
I wish more of these smaller coins were available on COIN or other easy to use exchanges.
Normally a whale or miner dumps and the folks on super leverage get liquidated. It wipes out many folks on margin which is a healthy thing for the market.
Leverage in the market getting flushed out. Idiots like to play w 10x -100x leverage. The trades are visible, so the greedy people who are over leveraged longing keep getting flushed. Its annoying af, but keeps happening every time we hit ATH.
Lots of buy the dip support in the market now (from the smart or smarter money)!
I own a good amt of AMP. Got in at a fraction of a penny last year. My intention was to hold for a while, as the Flexa network eases the burden of price volatility in using BTC for transactions. Im partially concerned that the Lightning Network is going to steal a lot of its thunder. Time will tell.
I can't answer that for you. Someone more knowledgeable than I am advised me last year. I've done well. The idea behind it is good. I just worry about the impact of the lightning jetwork on it.
Cardano (and Solana and Polkadot) have a great vision for what the blockchain can be, but are still years away from being fully functional at scale. They are probably where ETH was about 3 years ago. As of now, you are definitely buying some hype and hope that the vision will come true. I don't believe any of these will come close to catching ETH, but there is plenty of smart contract and defi demand to make other such blockchains successful.
I've touched on cardano a lot. I think theres upside, but not what the mouthpieces are boldly proclaiming. It reminds me a lot of the XRP people who screamed for years that was going to the moon.
So much for that 60k floor. We had a few dips below it. Positive was that I was able to get some orders filled below 60k. That 90k model range in 13 days seems like an absurd reach at this point, barring a major Tesla like announcement. We shall see. The leverage flush outs really hurt a lot of the momentum.
Every time I look at my phone, Coinbase is sending an alert that some coin has dropped by 10% or 5% in last few hours.
Ada was never supposed to pop to $20 in sept. That would put its value at $600+ billion
Eth will get replaced by 2nd gen and 2nd gen we'd I'll get replaced by 3rd gen. The only thing is time frame. With the amount of info that will be going on block chain there is more than enough for like 10 player in that platform
I heard from a source that the Fed is seriously considering or perhaps actively working on launching a “fed coin”. I had not heard that term before as I’m not the crypto expert. I’m assuming that’s the same thing as the digital dollar that’s been talked about but either way there are some folks that seem to think the Gov’t is finally going to step in.
You're right. ETH 1st gen will be replace by ETH 2nd gen. ETH has by far the best developers and most resources to keep evolving and improving. Nobody will catch it.
Coinbase I believe requires 150k holders. The first few big runs are over by then. Kucoin lists much earlier. I buy through uniswap to get in as early as possible but gas fees have been insane.
Still looks like that based on everything I'm seeing. Whales at Bitfinex are just feasting.
This was waved from the flagpoles loudly. I dont know the full nuaince, but I believe they had some sort of protocol rollout that was due to take them to the promise land.
Uni is the way to go. I don't have the time or patience to play that game. I try to jump in to coins on Ku, or occasionally on gate . io, which I don't love but serves its purpose.
They are building the network. ADA has dumped down to 1.79 yet is still up 1600% for the year. They have had 3 upgrades and there will be plenty more. There is zero chance it goes to 20. This year. You are asking it to go from a 59 billion market cap to 600+ billion
Not a chance they still not even figured out the gas fees and transaction overload. The reason it is ETH 2.0 is proof of work has exhoranant fees and proof of work can be hacked with 51%. Proof of stake is the future. If everyone is staking their coins the network is much more secure as someone would have to have a shitload of coins to do a 51% hack. Down the road ETH-ADA-SOLANA-Algorandcetc are going to have to work together to stay relevant. ADA has a 1000% better upgrade model than ETH. I hold both
Also as an FYI ADA is about 2 yrs ahead of ETH. POW is over they are transitioning to POS they are going to have a lot of bumps in the road. You will see Buterin & Hosk work together in the future it's in both of their best interest.
ETH has high fees due to the massive volume on the network and users competing to get their transactions in the next blocks. ETH is MUCH more secure and decentralized than Cardano and Solana (which crashes all the time).
Actually ADAs 24 hr transactions as of the 15th were double that of ETH. 18.24 billion to ETH's 9.31 billion. As I said I have ETH, ada, solana and Algorand. They will all need each other eventually
You're not including transactions via the layer 2 solutions and roll-ups. Not even close.
