Explain this mkt cap to me

[Anonymous No.28110360]

As an Ethereum developer for the past few years, Cardano really puzzles me. I'd say about 90% of the devs I know are sticking with Ethereum, no plans to switch, although a good percentage of them are looking at Ethereum L2 solutions like Optimism & Arbitrum to escape Ethereum's high gas fees.

I have a number of friends working on Polkadot, a couple at the protocol level, but I also know a couple projects trying to build on top of parachains.

I know one person working on Cosmos, on protocol level stuff. I don't know anyone looking at Solana, but at the very least, being backed by FTX's SBF means it will have some interesting projects developed on it.

Despite Reddit's love for Cardano, I don't know anyone that's even considering working on it. I've read into is many times, but despite all Cardano's "peer reviewed" papers, I never find anything that's really interesting or innovative (I mean, their consensus is effectively DPOS and their scaling strategy revolves around state channels).

So... am I just in a bubble? Am I missing something? Or is this coin a bit overvalued?

[Anonymous No.28110464]

No smart contracts

[Anonymous No.28110561]

>>28110360
How can they work on it when gougen is not out yet? Are you fucking retarded?

[Anonymous No.28110715]

Most coins pump randomly and sustain their price because people hodl.

[Anonymous No.28110937]

>>28110360

could you please explain some of you projects on ETH or your firends on DOT? It puzzles me what people are actuyll doing on these chains without mainstream adoption.

[Anonymous No.28111891]

>>28110464
>>28110561

Crazy considering that Eth had smart contract 5 years ago

Even EOS had smart contract lol

>>28110715
So what is it when price pump sand then dumps , ex: 0.71 cents dump to 0.61 cents?

>>28110937
Defi projects with billions in liquidity

[Anonymous No.28112009]

>>28110360
This pasta is weak.

[Anonymous No.28112156]

The only worthy chains are cardano and cosmos the rest will end in a bloodbath

[Anonymous No.28112326]

>>28110360
nice FUD faggot, we're coming for you

[Anonymous No.28112567]

>>28110360
>claims in-depth knowledge
>ends pasta with easy debunkable questions

At best end this with a FUD statement.

[Anonymous No.28112627]

>>28112567
Are you agreeing that the coin is overvalued?

[Anonymous No.28112728]

>>28112627
It's at least 10x undervalued.
https://www.reddit.com/r/cardano/comments/lf2mkx/here_is_a_birds_eye_viewwrite_up_on_the_entire/

[Anonymous No.28112973]

faggot, again

[Anonymous No.28113068]

>>28112627
Slightly undervalued

>DigitalCoinPrice.com expects Cardano appreciating sharply, with ADA trading at an average of $0.72 in 2021, $0.98 in 2023, and $2.54 in 2025.

>Long Forecas has predicted Cardano price to reach $0.7 later in 2021.

> WalletInvestor has given an incredibly optimistic forecast for the price of ADA in 2021. Its maximum forecast suggests that ADA could be worth $0.775 by the end of 2021.

[Anonymous No.28113147]

>>28110360
You are relentless, aren't you.

[Anonymous No.28113178]

>>28112973

[Anonymous No.28113357]

>>28111891
>what is it when price pump sand then dumps , ex: 0.71 cents dump to 0.61 cents?

Obviously some people dump their bags, often randomly, to move their wealth to other asset or because they're panicking. Whenever you have long term price movement however, it's because stuff is being removed from circulation or new people are joining in.

Most coins move randomly and which coin ends up shooting to the top is also random. Long term, everything goes up because more money is being injected into the market than is withdrawn. ADA is 4th right now but next month it could be doge.

[Anonymous No.28113376]

>>28110360
Typical ADA FUD spam. This faggot posts this shit every day, it's copypast orginally found on r*ddit, as the second to last paragraph gives away.

[Anonymous No.28113431]

But Cardano doesn't do anything!!

Doesn't

Do

Anything

[Anonymous No.28113500]

>>28113431
desperate.
you should just get in before we leave $1 behind

[Anonymous No.28113650]

>>28113431
How can you believe that after reading all of the blogs, papers, website and recent news. You did DYOR, right anon?

[Anonymous No.28113672]

>>28113068
>ADA trading at an average of $0.72 in 2021
>currently trading at $0.707
so this is the top for the remaining 10 months of the year
might as well buy bonds
if you want gains tho, you know what to buy

[Anonymous No.28113964]

And are these apps on Cardano is the room with us now, anon?

[Anonymous No.28115472]

>>28110360
Shut it, I just want a coin that doesn’t take minutes and costs €20 for a transaction

[Anonymous No.28115964]

singularity net joining up

[Anonymous No.28116575]

>>28110360
Lol you posted this already. Its ok anon, theres still time to buy some Ada, we're not even at ATH yet.

[Anonymous No.28116817]

Anyone listening to this weak FUD is going to end up roping.
>Coinbase pump
>Ethiopia government adoption
>Goguen update (Erc-20 converter, smart contracts, native assets)
>infinitely scalable
>$100 Eth fees vs <$.10

[Anonymous No.28116909]

>>28112973

[Anonymous No.28116943]

>>28110360
cope

[Anonymous No.28117110]

>>28112973
FFS /biz/ can't even be fucked to write it's own pasta. This place truly is the more pajeety version of WSB.

[Anonymous No.28117131]

This may be your last chance to sell at these prices.
I'm juss trying to help out frens