1. I believe speed is an important part of the network to ensure a good user experience but it's not a prerequisite. 257 tps of Cardano is more than enough for users to use the network, and we rarely hear about Cardano network congestion. Cash flow and profit-making opportunities have a bigger impact.
- For you, is Cardano’s speed truly important for the ecosystem’s development and ADA’s price increase?
- Are you holding ADA or any tokens in the Cardano ecosystem?
- What is your target for ADA this season?
1. I believe speed is an important part of the network to ensure a good user experience but it's not a prerequisite. 257 tps of Cardano is more than enough for users to use the network, and we rarely hear about Cardano network congestion. Cash flow and profit-making opportunities have a bigger impact.
If you notice, although some blockchains promise Max Theor TPS of more than 10k, but Real-time and Max RecTPS are much lower than Max Theor. For example:I agree, speed only indicates the ability of a blockchain to meet user needs. It cannot demonstrate the stability or features that a blockchain can offer to a diverse ecosystem in the future.
ICP has Real-time TPS 4,377 tx/s, Max recordered number is 25,621 tx/s while blockchain promises to process 209,708 tx/s.
SOL has Real-time TPS 1,159 tx/s, Max recordered number is 7,229 tx/s while blockchain promises to process 65,000 tx/s.
NEAR has Real-time TPS 103 tx/s, Max recordered number is 3252 tx/s while blockchain promises to process 12,000 tx/s.
For more ---> https://chainspect.app/dashboard (https://chainspect.app/dashboard)
Based on these numbers, the TPS metric does not mean the best for investment.
Solana surprised the community in 2021 with a speed of 65K tps, allowing users to experience blockchain technology almost for free. Ton has even done better with a speed of 100K tps in 2023.
I am not sure how that works between transaction fee and TPS. Taking your word, TON might be having 100K TPS but whenever I have transacted there, I have paid about a half a dollar for transaction, and TON's price been in single digits, so despite the huge TPS, TON Network looks rather expensive to me.Ton has its own specific gas fee regulations, averaging around 0.1 TON for token transfers, which is quite expensive compared to Sol. I'm not entirely sure about the reason for this high fee when transaction fees on Sol are only a few cents. Perhaps Sol operates more efficiently, while Ton maintains a lower network speed to ensure validators' income.
Here are my opinions on this matter...+
1. For you, is Cardano’s speed truly important for the ecosystem’s development and ADA’s price increase?
Yes, of course, not unless Cardano is planning to be another Bitcoin which is more of a speculative asset and less on how robust of a network it is when it comes to speed...and we know that there can never be another Bitcoin so Cardano has to find ways and means to increase its speed and L2 can be its answer for this concern.
2. Are you holding ADA or any tokens in the Cardano ecosystem?
I used to be another holder of ADA but two years ago i decided to let them ago since I got bored of its seeming non-movement and lack of developments on the network. I shifted to Bitcoin instead so I think I still made a good decision.
3. What is your target for ADA this season?
I am hoping that ADA can be able to successful reach the $3 level in 2025 though I am not sure of its feasibility. I still believe that Cardano got the big potential for more growth as shown in its recent price upward adjustment. Good luck to all the ADA holders.
For example, Eos and Neo may be very fast but they are not chosen by large projects, funds, and investors, so their ecosystems are very poor and cannot take advantage of thousands of tps speed. I hope that Ada with recent upgrades will be more successful than them and truly contribute value to the blockchain & crypto market.If the project fails to deliver on its core promises, it is unlikely that the updates will lead to anything big, just as happened with Matic, where despite the updates, the failure to make L2 secure, fast, and low-fee led to the project being overtaken. ADA failed to be an alternative to Ethereum, so future updates will be useless.
If the project fails to deliver on its core promises, it is unlikely that the updates will lead to anything big, just as happened with Matic, where despite the updates, the failure to make L2 secure, fast, and low-fee led to the project being overtaken. ADA failed to be an alternative to Ethereum, so future updates will be useless.I don't think the initial direction matters that much, as Sol was initially considered an Eth-killer but still couldn't replace Eth. The key for a project's growth is to balance technology, marketing, and the price chart. A good project will have many stories to pump and push the price up, and then the price increase will attract more investors.
2. I hold ADA, and honestly I don't know any other tokens in the Cardano ecosystem.solana is really popular among other tokens which props solana even more in terms of popularity but i do not think that many popular projects among the network is that important if the main coin is popular and really useful anyway i also do not know a lot of projects being launched in the cardano ecosystem which what makes the difference against solana
3. My price target for ADA in this cycle is $7, but I will take profit on ADA as soon as BTC shows the first signs of a reversal in 2025.i think it is smart to set a clear goal of what price you want to take profit on but also have some back up plans we know that bitcoin affects the overall market perception but sometimes when bitcoin drops, people tend to look for other coins to hold their money in
i think it is smart to set a clear goal of what price you want to take profit on but also have some back up plans we know that bitcoin affects the overall market perception but sometimes when bitcoin drops, people tend to look for other coins to hold their money inThe future of the entire market depends on the price fluctuations of BTC. For example, today when BTC price dropped below 100K USD, the prices of many altcoins also decreased significantly as investors worried about a black swan event occurring in the market, or simply a necessary adjustment for future price increases. ADA price is also under the same impact and has failed to maintain the 1 USD price.
Actually, I believe that cryptocurrency market is always depending on Bitcoin price. When bitcoin price is increase in crypto currency market, then all crypto currency price will increase gradually. In this time we can see that bitcoin price is increase rapidly in crypto currency market, so I believe that gradually Cardano and others crypto currency price must be increase. Solana and ton also the best profitable crypto in cryptocurrency market, But in this time we can see that Cardano will be more profitable then Solana and ton.i think it is smart to set a clear goal of what price you want to take profit on but also have some back up plans we know that bitcoin affects the overall market perception but sometimes when bitcoin drops, people tend to look for other coins to hold their money inThe future of the entire market depends on the price fluctuations of BTC. For example, today when BTC price dropped below 100K USD, the prices of many altcoins also decreased significantly as investors worried about a black swan event occurring in the market, or simply a necessary adjustment for future price increases. ADA price is also under the same impact and has failed to maintain the 1 USD price.
When BTC price decreases in an uptrend as it is now, I believe the best action is to continue holding and accumulating more altcoins if investors believe in their future. Selling in fear at this time seems like an unwise decision and will create great regret when the market has more new ATHs.
....-I see that Cardano's speed is definitely needed to compete with other coins that have speed in terms of transactions such as Ripple and Solana are very fast in terms of transactions.
I would like to know your opinion on this issue:....
- For you, is Cardano’s speed truly important for the ecosystem’s development and ADA’s price increase?
- Are you holding ADA or any tokens in the Cardano ecosystem?
- What is your target for ADA this season?
-I see that Cardano's speed is definitely needed to compete with other coins that have speed in terms of transactions such as Ripple and Solana are very fast in terms of transactions.Many people still doubt ADA's ability to reach a new ATH, and even if they assume ADA will have a new ATH this season, they will continue to criticize ADA because ADA is not increasing in value as strongly as BTC :)
-I have never bought or traded Cardano coins so I have not become a Cardano coin hodler.
-The target for Cardano is just enough to reach a new all-time high because we have seen Bitcoin which is the leader of all cryptocurrencies has reached a new all-time high.
I just assume that many people doubt Cardano because Cardano is very rare and even for me has never given free coins like airdrops or other event prizes.-I see that Cardano's speed is definitely needed to compete with other coins that have speed in terms of transactions such as Ripple and Solana are very fast in terms of transactions.Many people still doubt ADA's ability to reach a new ATH, and even if they assume ADA will have a new ATH this season, they will continue to criticize ADA because ADA is not increasing in value as strongly as BTC :)
-I have never bought or traded Cardano coins so I have not become a Cardano coin hodler.
-The target for Cardano is just enough to reach a new all-time high because we have seen Bitcoin which is the leader of all cryptocurrencies has reached a new all-time high.
Ada has existed in the market for many years, it's not a new project launched with promises in a Whitepaper, the community is still paying attention to its development so I believe ADA will not be abandoned this season. High speed and new governance model could boost ADA's price in uptrend!
I just assume that many people doubt Cardano because Cardano is very rare and even for me has never given free coins like airdrops or other event prizes.+
Basically the community will support a cryptocurrency project if the coin holds an event and gives prizes, the prize does not need to be big because with a prize of around 0.1 dollars it is also good and there must be many enthusiasts.
Btw, have you ever received a prize from a Cardano event? Or have you never heard of Cardano holding an airdrop event?
Many people still doubt ADA's ability to reach a new ATH, and even if they assume ADA will have a new ATH this season, they will continue to criticize ADA because ADA is not increasing in value as strongly as BTC :)Well, now the price is at $1, while the ATH is $3.10, still less than -67.4% from ATH. but this is not the time of altcoin season, so there are still many hopes for it. It will depend on how the developers make the investors and the community more confident in ADA. because so far, there are still many communities that are loyal to the coin quite well. although it will not be that long to go up and skyrocket again, but in altcoin season, that will probably really happened.
Well, now the price is at $1, while the ATH is $3.10, still less than -67.4% from ATH. but this is not the time of altcoin season, so there are still many hopes for it. It will depend on how the developers make the investors and the community more confident in ADA. because so far, there are still many communities that are loyal to the coin quite well. although it will not be that long to go up and skyrocket again, but in altcoin season, that will probably really happened.I continue to believe in the altseason in 2025 despite being disappointed in 2024 when DeFi couldn't rebound as strongly as expected. In the altseason, ADA won't be forgotten because the recent price increase has brought ADA back to the minds of investors in the market, they start thinking about Ada's technological breakthroughs and envisioning the project's success.
I continue to believe in the altseason in 2025 despite being disappointed in 2024 when DeFi couldn't rebound as strongly as expected. In the altseason, ADA won't be forgotten because the recent price increase has brought ADA back to the minds of investors in the market, they start thinking about Ada's technological breakthroughs and envisioning the project's success.In this week, the price of ADA has actually dropped again, even reaching below $1, and it is still very difficult to go up. I personally am also forced to remain loyal to hold this coin much longer and must believe that in the next alt season, the price of ADA can really reach ATH, or at least rise above $2. Some of the ADA that I have is what I invested in last season, where the price, if I'm not mistaken, I bought it at $1.5. Now I'm still at a loss for some of it. It's just that, of course, I was also excited to buy ADA again when the price dropped to less than $0.5.
In this week, the price of ADA has actually dropped again, even reaching below $1, and it is still very difficult to go up. I personally am also forced to remain loyal to hold this coin much longer and must believe that in the next alt season, the price of ADA can really reach ATH, or at least rise above $2. Some of the ADA that I have is what I invested in last season, where the price, if I'm not mistaken, I bought it at $1.5. Now I'm still at a loss for some of it. It's just that, of course, I was also excited to buy ADA again when the price dropped to less than $0.5.You've been holding ADA since last season, which means you genuinely love and believe in the project's future, and with eUTXO, Ada truly deserves investors' expectations this season. BTC price has surpassed 100K USD, opening up opportunities for other altcoins, including ADA, as Ada is ready to break out with speed and the stablecoin RLUSD for DeFi.
Exactly big hope that this con will get great improvement.