Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Cardano Forum => Topic started by: Tubelight on October 12, 2021, 06:22:34 AM
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Greyscale investment fund declared Cardano to be an undervalued digital asset.
The project recently announced a partnership with Chainlink to speed up smart contract development.
Greyscale added a 4.26% stake of ADA tokens to their large-cap fund.
Crypto communities are the fuel that powers a project’s industry expansion. Strong communities help projects to gain global recognition and to create and reinforce a narrative of flippening market contenders, including Ethereum and Bitcoin. As project anecdotes persist throughout the industry, community-backed projects such as Cardano, with large followings, gain market acceptance, piquing the interest of institutional investors, and pushing market adoption dimensions.
Cardano Is Undervalued
Upcoming smart contract platforms regularly contest market hegemony. Greyscale established a new investment vehicle for institutional investors to gain more exposure to digital assets such as Bitcoin, Ethereum, and Cardano. The total Greyscale Trust Fund now also includes a 4.26% share of ADA after removing XRP on January 5th.
A report published by Greyscale, which familiarizes investors with Cardano, indicates that the value of ADA has yet to peak. The report suggests that Cardano is an undervalued digital asset that differentiates itself from other digital assets through a “get it right the first time” approach, highlighting Cardano’s research-oriented development style.
The report further underlined that Cardano’s latest upgrade, ‘Alonzo,’ which includes the rollout of smart contract, is a difference-maker in their mission to overturn Ethereum. External reports show that Cardano is an “undervalued” asset as the network’s capabilities have extended to match those on new age ecosystems such as Solana and PolkaDot.
As the report suggests, Cardano’s value is underestimated and cannot be compared with a similar network because smart contracts are a new functional addition. However, the report notes that Cardano “could see increased utility, adoption, usage and growth” if smart contract implementations are relentless, and dApps are adopted by the larger community.
On The Flipside
Cardano has unresolved concurrency issues, which developers highlighted during the testnet phase.
Cardano’s latent development process hinders their mass adoption incursion, despite a huge amount of community backing.
The Hype Generating Machine
Following Charles Hoskinsons’ announcement that Cardano smart contracts can be deployed on the testnet, the value of ADA spiked, reaching an all-time high of $3.10, as traders speculated on the network’s value. However, the Greyscale report shows that Cardano has achieved transactions worth $1.6 million, 40% less than Ethereum, and 50% less than Bitcoin over the last month.
Steve Ehrlich, CEO of Voyager Digital, noted that many “institutional players are eyeing” it as a long-term HOLD. However, the network’s increased usability, funneled by smart contracts, could make some headway into the DeFi and NFT space, seeking more cost-effective and efficient ecosystems upon which to develop and scale their products.
Cardano’s smart contracts were introduced on September 12th, giving the network additional strings with which to expand its ecosystem. Furthermore, with dApps currently in development, Cardano has announced several partnerships to stimulate ecosystem maturity. As such, Cardano announced a partnership with Chainlink to expedite the development of smart contracts, and facilitate price feeds for DeFi dApps.
Thus, while Cardano is still in limbo regarding its ultimate functionality, the current partnerships indicate that the ecosystem could become a gen 3 blockchain that is able to thoroughly contend with Ethereum and other new age blockchains.source (https://dailycoin.com/is-cardano-really-undervalued/)
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If Cardano owns Smartcontracts and then Cardano creates its own token under the blockchain then it is certain that Cardano will be in high demand and demand for Cardano coins will increase.
I really believe and can if Cardano is running fast for its smart contracts and in the future Cardano will be widely traded in all cryptocurrencies markets.
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If Cardano owns Smartcontracts and then Cardano creates its own token under the blockchain then it is certain that Cardano will be in high demand and demand for Cardano coins will increase.
I really believe and can if Cardano is running fast for its smart contracts and in the future Cardano will be widely traded in all cryptocurrencies markets.
I think it's just matter of time, cardano will grow and more valuable after launch smart contract platform.
Cardano popularity is not as bigger as ERC20 and BSC, But I believe Cardano will have bright future soon.
We will see.
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If Cardano owns Smartcontracts and then Cardano creates its own token under the blockchain then it is certain that Cardano will be in high demand and demand for Cardano coins will increase.
I really believe and can if Cardano is running fast for its smart contracts and in the future Cardano will be widely traded in all cryptocurrencies markets.
I think it's just matter of time, cardano will grow and more valuable after launch smart contract platform.
Cardano popularity is not as bigger as ERC20 and BSC, But I believe Cardano will have bright future soon.
We will see.
I think I agree with you, cardano is very popular after has smart contract platform.
I also believe this coin will have good future, maybe at last two months, we saw cardano struggled.
But It has show good performance
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If Cardano owns Smartcontracts and then Cardano creates its own token under the blockchain then it is certain that Cardano will be in high demand and demand for Cardano coins will increase.
I really believe and can if Cardano is running fast for its smart contracts and in the future Cardano will be widely traded in all cryptocurrencies markets.
Yes in my prediction I think cardano will have bright future and has big community such as ERC20.
This coin has smart contract platform, but I see many projects still used ERC20 and BSC..
Cardano team should improve their platform
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Cardano is not under value at all. Ada is moving with a good pace based on the development of the peoject. The team is doing great job and must be commended. Ada value in the past three years is not what it is now, and with the launch of it's smart contract, the moon very certain. I believe that Cardano grpthw is gonna be continuous even Ada position at coinmarketcap ranking has shown the level of it's value in recent times.
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Cardano is not under value at all. Ada is moving with a good pace based on the development of the peoject. The team is doing great job and must be commended. Ada value in the past three years is not what it is now, and with the launch of it's smart contract, the moon very certain. I believe that Cardano grpthw is gonna be continuous even Ada position at coinmarketcap ranking has shown the level of it's value in recent times.
Yes, I think cardano is not under valued . Cardano has shown good progress and more popular.
We all know after launched smart contract platform cardano price is more valuable.
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The acceleration of Cardano's access to institutional investors confirms the status of the project, despite the fact that its development is proceeding slowly and methodically. However, despite extensive research, unresolved concurrency issues could wreak havoc on the expansion of the third generation ecosystem.
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I think cardano is not undervalued.
Cardano several weeks be number three on CMC overtaken BNB.
Although BNB going back again in number three.
But I think cardano is the best competitor for BNB and Ethereum at the next several years.
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I think cardano is not undervalued.
Cardano several weeks be number three on CMC overtaken BNB.
Although BNB going back again in number three.
But I think cardano is the best competitor for BNB and Ethereum at the next several years.
BNB is still better and more popular than cardano.
I invested in BNB and cardano and believe those coins will have bright future.
I agree both will compete to Ethereum.
Let's see .
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If Cardano owns Smartcontracts and then Cardano creates its own token under the blockchain then it is certain that Cardano will be in high demand and demand for Cardano coins will increase.
I really believe and can if Cardano is running fast for its smart contracts and in the future Cardano will be widely traded in all cryptocurrencies markets.
I thought so, but it looks like it took cardano a while to get the devs to build on the ADA network. although currently there is already a hard fork but its performance is still inferior to its competitors
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I don't think so. ADA has reached its ATH previously and now this coin is still struggling to reach another ATH. ADA has an interesting concepts and also fundamentals.
Some other TOP coins are also still not rising up so high, so maybe there is another chance to pump again with other top coins later, let's wait for the real altcoin season.
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I don't think so. ADA has reached its ATH previously and now this coin is still struggling to reach another ATH. ADA has an interesting concepts and also fundamentals.
Some other TOP coins are also still not rising up so high, so maybe there is another chance to pump again with other top coins later, let's wait for the real altcoin season.
I agree with you, cardano will reach another ATH, maybe it was caused by smart contract launched.
ADA is more popular and I see many investors already bought cardano now, they believed cardano is suitable for long term investment.
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I don't think so. ADA has reached its ATH previously and now this coin is still struggling to reach another ATH. ADA has an interesting concepts and also fundamentals.
Some other TOP coins are also still not rising up so high, so maybe there is another chance to pump again with other top coins later, let's wait for the real altcoin season.
I agree with you, cardano will reach another ATH, maybe it was caused by smart contract launched.
ADA is more popular and I see many investors already bought cardano now, they believed cardano is suitable for long term investment.
By seeing the chart, I see cardano is going strong but It will take the time, maybe we will see cardano bullish at December this year.
Cardano will touch new ATH, believe It will happen soon
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By seeing the chart, I see cardano is going strong but It will take the time, maybe we will see cardano bullish at December this year.
Cardano will touch new ATH, believe It will happen soon
I agree If you said cardano is going strong , I also believe cardano will touch new ATH at December this year
Many people said cardano will touch arround 7-10 USD at the end of this year
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Not really, there are some Crypto investors and traders who choose Cardano. Although not in large quantities, I also have this coin. Slowly but surely, Cardano continues to increase its Price. Cardano's position on Coinmarketcap is also very convincing, for us to invest and hold this coin for a long time.
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Not really, there are some Crypto investors and traders who choose Cardano. Although not in large quantities, I also have this coin. Slowly but surely, Cardano continues to increase its Price. Cardano's position on Coinmarketcap is also very convincing, for us to invest and hold this coin for a long time.
Of course, cardano price will increase. I see cardano gained popularity now, it will continue day by day.
I don't cardano price is undervalued.
Cardano will more valuable at the next several years .
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Not really, there are some Crypto investors and traders who choose Cardano. Although not in large quantities, I also have this coin. Slowly but surely, Cardano continues to increase its Price. Cardano's position on Coinmarketcap is also very convincing, for us to invest and hold this coin for a long time.
Of course, cardano price will increase. I see cardano gained popularity now, it will continue day by day.
I don't cardano price is undervalued.
Cardano will more valuable at the next several years .
Me too, I didn't think cardano price is undervalued.
It will take the time to be more valuable.
I think cardano price will pump at the next year.
Cardano has launched smart contract platform but no popular such as ERC20 and BSC.
wait, time will tell.
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It's not completely expensive for Cardano coins because I'm also sure that this Cardano coin is worth the price, it is above double digits in USD because if now this Cardano coin has a new platform, namely Smartcontracts, what is certain is that Smartcontracts are very much awaited for their advantages in a strong ecosystem in transaction gas costs.
The more it is used for gas transactions, it is certain that in the future Cardano coins will be more expensive and more valuable than others and this is really something that is very valuable compared to other coins that do not have Smarcontracts.
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Yeah, cardano has launched smart contract platform.
Cardano price is not undervalued, but It will be more expensive at the next several years again.
I have hold my ADA and wait this coin will shine .
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Yeah, cardano has launched smart contract platform.
Cardano price is not undervalued, but It will be more expensive at the next several years again.
I have hold my ADA and wait this coin will shine .
Me too, I also hold my Cardano and may will hold until 2023.
I think cardano will have good progress and more expensive at the next several years again. Let's see brother.
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That's true, I think cardano is undervalued.
I think if we have fund, We should buy this coin for long term investment.
I believe Cardano will touch $5 at the coming future.
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Cardano is undervalued under 5$. I believe that this coins will perform very good in future. Cardano smart contract has not yet launched. With the launch of smart contract we will see best project will be launch through cardano network and many dex and staking will also be launch. This will increase the use case of ADA and can boom much with this in 2022.
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I really expect the growth of Cardano ecosystem in 2022 and I think ADA can totally reach 7-10 USD. Currently the price of ADA is too cheap to buy more and accumulate to use in DeFi in Cardano.
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I really expect the growth of Cardano ecosystem in 2022 and I think ADA can totally reach 7-10 USD. Currently the price of ADA is too cheap to buy more and accumulate to use in DeFi in Cardano.
You're right mate, cardano price is cheap.
I think cardano will be more valuable at the next several years maybe at 2023.
It's good time to buy.
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I really expect the growth of Cardano ecosystem in 2022 and I think ADA can totally reach 7-10 USD. Currently the price of ADA is too cheap to buy more and accumulate to use in DeFi in Cardano.
The enthusiasm and promotion must be increased by Cardano to achieve the desired price, lately many believe that Cardano will soar but it turns out that everything is not up to what is desired. If conditions are the same as last year, it will be difficult for Cardano to reach a price of $7-$10 dollars in 2022
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At the moment, the Cardano ecosystem is not yet developed, so it is a potential long-term investment. We have seen the strength of the Cardano community in ADA price appreciation over the past year, so I believe that after DeFi and GameFi on Cardano are launched, we will see an explosion and increase in the price of ADA.
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At the moment, the Cardano ecosystem is not yet developed, so it is a potential long-term investment. We have seen the strength of the Cardano community in ADA price appreciation over the past year, so I believe that after DeFi and GameFi on Cardano are launched, we will see an explosion and increase in the price of ADA.
You're right, cardano is good for long term investment.
I have bought several cardano and will hold until 2025.
But maybe will sell at 2024.
I also hunt several metaverse and web 3.0 coins, Maybe thsoe are better at this year.
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Don't underestimate the Cardano coin because I believe that this Cardano has a super good advantage for a better future and Cardano coins are also backed by well-known companies like Greyscale and that is strong evidence that Cardano coins should not be underestimated.
I suggest having Cardano coins with cooler finances because considering this Cardano coin the rate of change in price is very high, and that is why trading Cardano coins must be done with your own risk (DWYOR).
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Cardano has a different system from most coins and for example, this type of coin from Cardano can be staked easily and generate high APY, this is the reward that all cryptocurrency communities want.
I'm also sure that in the future Cardano will be more and more adopted by the community because the Smart contracts are out, although I don't understand how to use them but this is a positive thing about Cardano coins.
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Until now Cardano coins are still good coins for us to take advantage of because Cardano coins have always been the best choice for me to invest because Cardano has something called uniqueness.
Maybe for Cardano coins at this moment the price is still low but I believe in the future Cardano will be a really very good coin for a better future and maybe even cost more than 20 USD.
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Until now Cardano coins are still good coins for us to take advantage of because Cardano coins have always been the best choice for me to invest because Cardano has something called uniqueness.
Maybe for Cardano coins at this moment the price is still low but I believe in the future Cardano will be a really very good coin for a better future and maybe even cost more than 20 USD.
Cardano is very potential coin, I also agre Cardano price is still undervalued.
I think Cardano is more popular now, after had smart contract platform I see many people starting to buy more and hold cardano.
It's good coin.
I agree with you, Maybe cardano price will touch $ 20 at the coming future.
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MetaverseME is a fantastic project, in my opinion, because the virtual reality universe it provides is well-equipped and has a libertarian structure. I believe it is a metaverse project that will be much more successful with a few additions.
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A excellent option is stage community. It's an unequaled digital platform that enables any artist, famous or not, to find their voice and be recognized for their abilities.