Cardano (ADA)

clio_16v · 28-12-2021 11:25pm

Sundaeswap audit completed today. Launching VERY soon

Shapey Fiend · 29-12-2021 7:45am

There's no other token that gets slagged and memed quite as frequently as $ADA except maybe $XRP. Definitely not something I'd want to hold in 2022.

deadduck · 29-12-2021 10:21am

There’s still some who take the piss out of Bitcoin (and crypto in general), don’t respect it as a currency at all. Don’t think the Bitcoin holders are too worried about them though…

Cardano hasn’t got going at all yet, the dApps and general ecosystem are only beginning to come online now. 2022 is going to be very interesting in the ADA space, and I’ll certainly be paying a lot of attention to it

Pawinho · 29-12-2021 4:35pm

https://www.boards.ie/discussion/comment/118385014#Comment_118385014

I heard the same when ADA was for few cents and 400-500 sats.

Good it didn't bother me.

Grumpypants · 29-12-2021 5:58pm

It's the one I'm stock piling anyway.

Potatoeman · 31-12-2021 3:11pm

https://www.boards.ie/discussion/comment/118387181#Comment_118387181

I layered out during the last pump. Still keeping a bit. Just poor preforming for the year. Though for stability it’s very solid, no hacks yet. Not many in the top ten can say that.

deadduck · 01-01-2022 8:26pm

came across this today:

https://dripdropz.io/how-it-works

if i have it right, it's a system to encourage users to stake with community pools (as opposed to exchanges, etc.). new projects partner with them, and for staking with community pools, you can claim tokens from these projects (based on how much you've staked). each withdrawal costs a couple of ADA, and you can withdraw after every EPOCH. not sure how great it is, but it's basically free tokens on top of the staking rewards your already getting...

deadduck · 01-01-2022 8:36pm

https://www.boards.ie/discussion/comment/118387181#Comment_118387181

i'm hoping to mostly cash out my positions in Q1 and Q2 of this year, then load up on ADA when the bear market comes. time will tell if it works out for me or not 🤞

dirk_dangler · 02-01-2022 10:33am

https://www.boards.ie/discussion/comment/118387181#Comment_118387181

NGMI

dirk_dangler · 02-01-2022 10:34am

https://www.boards.ie/discussion/comment/118402798#Comment_118402798

It won't

Pawinho · 17-01-2022 12:50pm

https://www.boards.ie/discussion/comment/118376366#Comment_118376366

40% gains to BTC last month. Not too bad ;-).

deadduck · 18-01-2022 10:19pm

Network is really struggling (at times, but fees are still pennies👍️) last few days, gonna be mental once Sundae goes live. I'm waiting almost 30 mins for a transaction to go through on museliswap now.

Scaling/Hydra can't come soon enough...

deadduck · 19-01-2022 9:23pm

https://www.boards.ie/discussion/comment/118497429#Comment_118497429

just to follow up on this, it was actually my mistake. i had an order set on museliswap for a token that isn't for sale yet, hence the transaction could never go through. still getting the hang of this DEX stuff 😁

dirk_dangler · 20-01-2022 3:01pm

What would it take for you holders to accept its a shitcoin?

Hours to days to process a transaction on a DEX.

If you are in profit get out ahead while you can, if you are at a loss, get out before it grows bigger.

Going to be generational bag holders from ADA, pass it on down to your grandchildren, " Trust Charles, we are only a few more peer reviews away from making it"

In loving memory of our beloved ghost chain

James2020App · 20-01-2022 3:18pm

https://www.boards.ie/discussion/comment/118506407#Comment_118506407

I cannot fathom how it has the same market cap at the moment as Solana. It does not make sense. I was a long term ADA bull but sold upon looking into their competition. Like in comparison to ADA, SOL is faster, cheaper, more scalable, more adopted than ADA. Plus there seems much more development on SOL too. Not trying to be a moonboy on SOL, but just seems way superior.

dirk_dangler · 21-01-2022 9:17am

Well the sundaeswap dex launch was a disaster, who'da thunk it.

antimatterx · 21-01-2022 2:31pm

https://www.boards.ie/discussion/comment/118510410#Comment_118510410

What happened?

deadduck · 21-01-2022 3:09pm

https://www.boards.ie/discussion/comment/118512344#Comment_118512344

the network got massively congested. this was expected and communicated by lots of sources (including SundaeSwap themselves). once the hype settles down about Sundae, it will get better, and it will also focus the Cardano techs minds even more on the need for the scaling solutions expected later this year.

so basically it was busy to the point of being unusable, as expected. not a good look from the outside, but users familiar with Cardano knew it was coming

Potatoeman · 25-03-2022 11:17am

https://www.cryptoglobe.com/latest/2022/03/cardano-iog-developer-answers-questions-on-hydra-heads-including-their-use-cases/

“We see that a single Hydra head achieves up to roughly 1,000 TPS, so by running 1,000 heads in parallel (for example, one for each stake pool of the Shelley release), we should achieve a million TPS.“

So is ADA going to become the fastest crypto after this update?

Daithi40 · 26-03-2022 1:53am

Ha..... emmmm nope it isn't

deadduck · 03-04-2022 10:22pm

https://www.boards.ie/discussion/comment/118833472#Comment_118833472

If it goes as planned, yes. If each stake pool can handle 1000 tps, and at the moment there's currently in excess of 3000 pools (as per https://adapools.org/), that's over 3,000,000 tps. This is way beyond the speed of any other crypto.

however, it's mostly theoretical for now. while hugely increasing tps will likely mean cheaper fees (although they are not currently expensive, they are still multiples of something like Solana), it also means the quantity of blockchain history/transactions records become much bigger. so given Cardano's usual slow and steady approach, i'd say it's likely they'll (very) slowly ramp up Hyrda based on durability first, and demand second

erlichbachman · 06-04-2022 9:54am

https://www.youtube.com/watch?v=yTQibkvWyZ4&t=311s

erlichbachman · 31-05-2022 8:22am

Nice little pump for the ADA lovers out there

Magown3 · 31-05-2022 10:23am

https://www.boards.ie/discussion/comment/119138233#Comment_119138233

Will it ever see the heights of last summer? I was told it was a long-termer but it's just been declining since it's ATH last July!

antimatterx · 31-05-2022 11:18am

It will break it's ATH in the next Bull run. It's such a great project.

I think we have a poor summer ahead of us (next few weeks might be good though). I think will see Bitcoin at 20K, with alts getting rekt even worse. It would suprise me to see Cardano hit the 10c - 20c and bottom. That will be a solid time tovaccumulate imo.

Keep your cash position high is probably a good idea.

deadduck · 31-05-2022 11:24am

Another hard fork event coming up in June. Historically, ADA pumps in the build up to one, then dumps/declines afterwards

erlichbachman · 31-05-2022 11:49am

https://www.boards.ie/discussion/comment/119138849#Comment_119138849

Of all the alts it has the most potential imo, and a lot of people willing to hold long term, its difficult to value, though what is obvious is that 40c was way undervalued, and the current 65c is undervalued too, I don't think many people will disagree with that.

Given that we are still in the early days of Cardano then why wouldn't we see ATH again, markets do seem to be recovering now after initial fear, personally I think we've seen bottom for Bitcoin at 28k and ADA at 40c

antimatterx · 31-05-2022 11:51am

I personally don't think we've seen the bottom. We'll get a June relief pump ahead but we've more pain over the next few months.

On the ADA hard fork. During a bear market, no one cares. It will do nothing for the price. Just like the Ethereum merge, during a bear, no one cares.

erlichbachman · 31-05-2022 3:27pm

https://www.boards.ie/discussion/comment/119139248#Comment_119139248

My assessment of hitting bottom is based the fears of a recession, and the luna disaster, having 2 of these pretty much at the same time cut most alts value in half, I'm thinking things cant really get any worse, but of course they can though I do hope your bottom is not accurate. If it is then its no great impact on me as I'm long term in ADA and I'd be happy to buy again at 10-20c, but I do think the crypto market needs some confidence once again, and would be nice to see short term green arrows even if it doesn't convert to cash for some time yet.

antimatterx · 31-05-2022 3:36pm

https://www.boards.ie/discussion/comment/119140519#Comment_119140519

I'd love to be wrong, I just don't we're getting out of a bear market this easy.

I love Cardano though and don't currently own any, so I'd love to pick up my position again at the 10 - 20c range.

erlichbachman · 22-09-2022 9:54am

Vasil upgrade is here - DeFi will surely start to take off, having reached $3 ath based off potential this upgrade is making .44c looking like serious long term value

kriptopoulin · 27-09-2022 1:32pm

Thanks for the information; it's really appreciated.

08-12-2022 8:02am

A very loyal and trusted friend has recently encouraged me to invest, fairly substantially (well for me anyway), in Cardano.

I’ve not had much time to look into but I think they are expected to make a statement, re progress, in January ?

How do you guys currently feel about what you’re holding and do you have any strong opinion, either way, on Cardano.

cheers in advance

deadduck · 08-12-2022 8:45am

Assuming this is your first investment into crypto, I wouldn’t go putting all your eggs in one basket. If you were investing say, €1000, I’d split it evenly between Bitcoin, Eth, and Cardano. I’m a big fan of Cardano, but you need to cover yourself, and Ethereum is gathering momentum now that could really have it take off once the bear market ends.

Also, the consensus seems to be, things are going to get worse before they get better, so I’d be DCA’ing that investment too, i.e, €100 a month for the next 10 months, rather than €1000 in one go now

just my 2 cents though, I’m sure more clued up Cardano fans will be along with some other thoughts too

08-12-2022 9:28am

Thanks for that.

I like what you said about the monthly investment rather than the one-off investment.

I know from reading through the forum that my attitude/opinion wouldn’t be a popular one.

The ONLY reason I’m considering this investment is because of the person who has approached me about it. I have never previously considered crypto and I have no interest in owning any of the other coins. I 100% understand, respect and agree with your advice to also own Bitcoin and Ethereum but I’m almost 100% confident I won’t get involved in them. I don’t have the headspace for it.

By comparison it would be like me never wanting to own land. Not owning any land. Then a trusted friend comes along and advises me to ‘buy that piece of land’ and because of who it is I probably would buy the land.

Grumpypants · 08-12-2022 9:57am

Warning signs all over that.

Did this friend approach you with free advice to buy some while it was "cheap", or did they ask you to give them your money and they would buy it for you?

If it is a fairly substantial amount for you, then don't buy Crypto.

If you must buy crypto, then don't buy the unproven risky one.

Cardano has the potential to be useful tech, but don't think of it as the next bitcoin or Etherium in terms of price. It doesn't have the correctly sized market cap to drive massive price runs.

If you are buying crypto because it is in a dip then buy Bitcoin, if you are buying crypto and know little about crypto then buy bitcoin. If you know a lot about crypto then you would already know you should buy bitcoin.

Don't invest money you can't afford to lose. You really have to buy bitcoin and ignore it for 2 years.

Potatoeman · 08-12-2022 3:29pm

https://www.boards.ie/discussion/comment/119970050#Comment_119970050

Never give or take financial advice from friends, it’s a good way to lose them. You shouldn’t go all in one either, things can go wrong.

erlichbachman · 08-12-2022 6:01pm

https://www.boards.ie/discussion/comment/119969845#Comment_119969845

Not sure what is meant by a statement in January, maybe you friend was referring the the launch of stablecoins in Jan 23?

I love Cardano and am fairly heavily invested, you can stake ADA your and gain approx 4% on your investment whilst still in possession of your ADA - these can be unstaked and sold off at any time. It reached an ATH of approx $3 in times past and since then there have been many improvements on the network, so theoretically the ATH potential is much higher, somewhere around $7 has been reasonably predicted during another bull run - its not moon or lambo territory but given the risk profile of alt coins I reckon this is one of the best "long term investment" options. Getting in now at 30c is a dream come true if there are no more failures of centralised exchanges.

There are a lot of positives and I'm happily invested in ADA, even during this recession and bear market, having said that I can afford to lose what I have invested, and if I did lose it tomorrow it would hurt, but it wouldn't mean I had to change my lifestyle in any way, its a % of my net worth - I hope your friend told you not to invest anything that you cant afford to lose.

09-12-2022 8:37pm

Thanks for taking the time to read and thanks for the relevant replies.

Adam Gil · 17-12-2022 7:46am

https://www.boards.ie/discussion/comment/117104013#Comment_117104013

ADA price for Jan 2022 was around $1.032, so clearly on the price you predicted. That's why I trust Coinpedia's price predictions which are always realistic and analysed keeping crypto trends and news in mind.

As we all know Hydra even is scheduled fore next year. Hydra is the next upcoming upgrade of Cardano for layer 2 scalability solution, its mainly aims to increase transaction speed through low latency and high throughput which also offers minimized transaction cost. Prices of ADA will sure be effected by Hydra event. so keeping this in consideration Coinpedia's cardano price prediction for 2023 is $0.71 and Cardano could reach the $1 mark by the year 2024.

Now the question is - Is this the good opportunity to invest in ADA?

antimatterx · 17-12-2022 10:17am

https://www.boards.ie/discussion/comment/119140556#Comment_119140556

Getting very close to my prediction from May.

deisedav · 17-12-2022 1:51pm

Yes ada has been falling fast. Wouldn't be surprised to see 20 cent in the new year

deadduck · 19-12-2022 12:45am

If Binance goes, the arse will fall out of all things crypto. But if it’s okay, then hopefully this guys TA is a bit of hopium

https://twitter.com/stockmoneyl/status/1604367734262976512?s=46&t=PHtt0_speiQdlBp4pEYB-g

personally I think there will be another leg down, but maybe FTX was the worst of it 🤞

erlichbachman · 19-12-2022 11:56am

Yea, its a great time to be in a position to buy

erlichbachman · 19-12-2022 2:32pm

https://www.boards.ie/discussion/comment/120012830#Comment_120012830

Binance buying voyager assets, when ftx was falling CZ proposed to buy them, then had a look at their books and said no thanks, then handling a stress test (minimal stress apparently even after something in the region of 5B), now buying assets for 1B - can only say that aside from any shady business dealings it appears Binance is holding strong. CZ is actually starting to grow on me, cant say he's been anything other than but transparent and upfront in the last few weeks, maybe aside from pof which a part of me believes he's entitled to holdback for security and jurisdiction reasons.

https://www.coindesk.com/business/2022/12/19/binanceus-agrees-to-buy-bankrupt-crypto-lender-voyagers-assets-for-over-1b/

Adam Gil · 03-01-2023 6:30am

Cardano Future - ADA Could Be “Altcoin Of The Year” In 2023

Crypto influencer Dan Gambardello is optimistic about Cardano’s future in 2023, citing its developer activity as a key factor in expected gains. Also Hydra is the next upcoming upgrade of Cardano for layer 2 scalability solution. Hydra will improve the network security and increase its capacities to new heights.

Cardano a major competitor to Ethereum due to its proof-of-stake blockchain may boost in coming days, cardano price prediction for 2023 is to reach as high as $0.71 as per coinpedia. However, the fact that Cardano has passed the $0.25 mark suggests that it may experience a bull run in the near future.

deadduck · 13-01-2023 11:49pm

good to see the barriers to developing on Cardano reducing even further;

credit to CardanoWithPaul for sharing this:https://www.youtube.com/watch?v=W2CnlMxSOec

Adam Gil · 24-03-2023 10:44am

Cardano price has maintained a stagnant trend without being impacted by the current market sentiments
While XRP received a bullish push, a similar upswing is expected to kick off a notable rally as the price appears to be at the foothill of a massive explosion

In addition, Cardano's price action so far seems to be corrective from an Elliot Wave standpoint. ADA would need to make a major push north in order to validate the current bullish Wave 3. The market's actions, however, must be constantly watched because they could indicate a trend reversal. So, the levels around $1.16 seem to be quite important and are likely to be reached this year.

Check out at coinpedia what are the possibility of the token becoming the highest gainer in the markets very soon.

erlichbachman · 24-03-2023 11:26am

Not really fair to say ada has been stagnant as it’s on a par with btc rising I’ve the last week.

xrp seems to jump anytime there’s positive reports from the never ending ongoing infinite case, so a positive outcome could easily see 50-100% Jump in my honest humble expert opinion

My prediction would be that ada has massive potential, and Charles H will undoubtedly get into someone’s ear over the next year or 2 for a massive investment into cardano

Potatoeman · 20-04-2023 7:18am

Before this crash Charles was saying they would focus on speed but no timeline. This is their biggest problem, talk and no hard end date. They were one of the only chains that didn’t have an outage but that changed and now they have had one. For a chain that’s focused on stability and reviewed code that’s not good.

Cardano (ADA)

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Cardano Future - ADA Could Be “Altcoin Of The Year” In 2023