New to the crypto space and it's been fascinating and exciting exploring this new territory. I'm keen on new information and valid opinions. Saying that I see Cardano not mentioned much in the forum which surprises me as it seems very value orientated. I am wondering what the forums opinions and criticism regarding Cardano might be, so I can refine or revise my position.
No opinion either way, but do hold some and recently just sold a little for profit to invest elsewhere.
Not the most exciting crypto atm, but damn not sure I can find a crypto with better fundementals and low fees. Maybe this month with dex and dapps release stimulate its ecosystem.
I was going to comment that it is really lacking on the dapps side but I honestly don't have that much experience with Cardano. Just bought it and staked on binance. It needs an ohm fork to stimulate investment.
Learn something new every day . I'll have to read more but came across a comment maybe relevant. " There is no need to fork OHM to Cardano. Cardano already announced their algorithmic stable coin called Djed about 5 months ago. Unlike OHM it was actually mathematically proven and tested so those OHM money loosing errors can be avoided, like this one: OlympusDAO mistake lets user spend $50,000 to buy $1.43 million in OHM 3 So, at this point forking OHM on Cardano network would be like a downgrade. Just wait for Djed to come out next year. Djed will be issued by COTI . Here is IOHK announcement link: COTI to issue Djed stablecoin on Cardano - IOHK Blog 19 Here is Djed website: COTI to issue Djed stablecoin on Cardano - IOHK Blog 19
I think you may also want to consider staking on Yoroi get into one of the sundae token pools. Maybe I'm still not up to date on token rewards and potentials.
Could be a good trade, last time i checked it was one of the bigger fallers, around 49% from high.. I heard eToro will delist Cardano in US, 2022 due to regulatory concerns, not sure which concerns tho but sounds like similar situation to Ripple. From my research tho, I'd back Sol or stick with Eth. PS. I don't know what I'm doing.
Seems allot of misinformation hits the Cardano space. But from what I've read it's just limiting staking to US customers, due to regulatory bull. The drop definitely didn't impress people who brought at ath, but in context that's after a massive 1000% gain.
Performing well against peers now after the recent slump, maybe all going to change with SundaeSwap's first DEX?
Hope so, be a interesting couple months. Might not be first, their is a dex called musleiswap but it might be dodgy. Got to be very cautious with all this new defi.
What is Cardano used for that justifies a top 6 rank on coinmarketcap? Doesn't even deserve top 20 in my view.
I have a small position in ADA that I hold. Research Charles Hoskinson to understand the meticulous nature and credentials of the man. His move into Africa strengthened my resolve to retain my holdings in ADA for the long term. Third world nations will drive exponential usage out of necessity, see MPESA, Vodafone, Kenya to see how Metcalfe's Law held true. To ignore ADA in a portfolio does not make financial sense.
