Community Response: Why the ADA is not going up? The whole market is getting more and more heated, and there are many great projects to pay attention to. New investors are unsure of where to invest because Bitcoin is going through highs and lows and the importance of NFT has declined.
Because it just has three use-cases: Buying, Staking, Selling. Every single other chain is further ahead.
NFTs are native assets. There are NFT marketplaces already using smart contract functionality before an application back end has even been released. Despite your misinformation, even with your mentality, it’s simply a fantastic time to get in at some bargain basement prices.
Worst performing project among top 50 is the one and only Cardano is it really a Ethereum killer?
I want to know what type of smart contracts you have developed that decreases the value of ADA in market.
Can someone explain to me what a smart contract is? Sure. It’s essentially an agreement between 2 parties that a block chain acknowledges and executes. Example. I sell you apples. We agree payment on delivery. When you sign for the delivery, the smart contract automatically gives me payment. Many more applications.
More than 90% of people here are complaining ADA’s current price. I really want to know if ADA and Charles care how people feel.
No, they don’t care and they shouldn’t. Price is not their ‘problem’. They care about building a good product. All these people crying about price movement please buy SHIBA or DOGE.
Why isn’t Cardano Increasing in Value? This smart contract thing was supposed to do the trick? Cardano Hasn’t moved since Smart contracts came out. Very disheartening, What’s going on?
Cardano is falling and following the same path as TRX crazy amount of supply and not solving the deflation issue with 45.000.000.000 coins all over the place.
I want to just say eliminate network congestion and bring scalability. It is insane to see syncing issues or congestion problems during peak loads on Cardano network during NFT sale while using Yoroi/Daedalus (it really sucks) otherwise you people are killing the people’s network.
Price not increase why? Too much supply mate, it will take ages to reach a similar price to ETH.
Cardano (ADA) Hits 1 Million Wallet Staking
- Cardano reached 1 million wallet staking.
- Crypto investor Jesse Blount congratulates Charles Hoskinson.
- Trader Lukas Moore believed that Cardano will be parabolic in 2022.
Recently, Cardano (ADA) reached 1million wallet staking on its network after four years since inception. This is happening as the network is experiencing growth in the crypto space. Moreover, ADA has grown fast to become the 6th largest cryptocurrency by market capitalization, according to CoinMarketCap.
In addition, crypto investor, Jesse Blount, posted on his Twitter account congratulating Charles Hoskinson, CEO of Cardano, for its incredible milestone.
At the time of writing, ADA is trading at $1.40, a comparatively fair value despite having lost roughly 30% of its previous standing over the last week. This is understandable given that the entire crypto market is currently striving to recuperate led by Bitcoin.
On the other hand, trader Lukas Moore believes that Cardano will be parabolic in 2022. In fact, he shares his review by sharing the Cardano journey and why ADA is a great opportunity to invest now. In addition, Lukas reveals some opportunities that will introduce themselves in the Cardano ecosystem for the coming year.
Furthermore, one of the most recent developments in Cardano is the release of its smart contracts. With this growth, users in the ecosystem could eventually do more on the platform. Moreover, with the Alonzo mainnet launch, smart contracts can now be used on Cardano.
Cardano’s over 20% dip can be attributed to this factor
Given the condition of the market on 4 December, it makes absolute sense for what is happening with Cardano. Well, interestingly Cardano is up with a lot of things on its network.
Are Cardano investors done for good?
Yes, the broader market is dipping. However, Cardano cannot hold this one instance alone as the reason why it is currently under $1.5.
Now, the development on the network has been consistently good, both on GitHub and in terms of DeFi. In fact, Cardano’s smart contract capability is being explored more and is looking good too. Some of the major Cardano protocols such as SundaeSwap, Genesis House, among others have been growing.
But on the spot front, ADA has been an eyesore for more than three months now. Most of the market observed some sort of rally either in October or November but Cardano has not been able to breach the $2.28 resistance since August, let alone mark a rally.
Cardano To Rise, Trader Encourages 2022 Cardano Investments
- A crypto trader expects Cardano to be parabolic in 2022.
- He explains why Cardano will likely rise up in 2022.
- He also shares his investment plans for 2022.
Trader Lukas Moore shares his piece on why Cardano (ADA) will be parabolic in 2022. He begins by explaining Cardano’s journey so far and goes on to explain why now is a great opportunity to invest in the asset.
To start off, he says that Cardano’s ecosystem has massive potential for 2022. Thus, he encourages traders to prepare themselves for an advantageous future. In fact, he highlights many opportunities that will present itself in the Cardano ecosystem for the coming year.
The article goes on to highlight the many highs of 2021. Indeed, there have been many new developments this year. To name a few, Solana’s layer 2 project, the rise of meme coins, and the emergence of metaverse projects.
However, one of the most important developments is the fact that Cardano released smart contracts. With this, users on the ecosystem could finally do more on the platform. Still, the network’s momentum is going much slower than investors expected.
This is why some projects and investors are switching track to Solana and other ecosystems. In contrast, true Cardano believers are staying put and eagerly awaiting for Cardano to explode. This is because Cardano has taken a more academic approach.
In order to not rush the project and deal with missteps, the project is slowly and steadily working its way up to meeting set milestones. So far, the team has delivered on every milestone it set and hasn’t faltered a single time.
Hence, while the build up to the final stage is slow, it is still on time, strong, and secure. Not to mention, the community is also steadily growing and more and more projects are making their way onto the platform.
Since the Alonzo mainnet launch, smart contracts can now be deployed on Cardano. Therefore, those with technical development skills are starting to build projects on Cardano. With more mainnet upgrades, this process will become even simpler, and more users will deploy their projects as well.
Thereby, this analyst in particular is hedging his bets. He concludes the article with his plan to take risks on small-cap projects on Cardano. He believes that there are many short-term gains to be made and so Cardano will become a bull market in 2022.