Cardano will be releasing several new features (ledger, paper wallets) in the very near future. And the initial stages of Shelley to be deployed over the next 4 months or so. Once Cardano runs, do you think we will ever see $0.30-0.35 again?
Absolutely possible scenario and we will bring arguments why below.
Cardano is the academic of cryptoverse, but it is still very speculative in that there are no real-world applications.
One of the most attractive features ADA will introduce is staking. The staking era will soon be live, testnet will be online this month. Once the staking is live, the circulating ADA will be a lot less than the amount of ADA circulating at the moment. It is more likely that people will just hold and stake their ADA for rewards rather than day trade it. And of course, with the limited circulating ADA, the price will go up.
If we exclude the volatility of crypto and really concentrate on tech, teams and tangible things, Cardano has real potential to succeed and get back to the all time high prices. To summarize:
- ADA is standalone token, not a derivative ERC20
- It is the only project driven by academic rigor
- Team consists of highly capable institutions and individuals
- It is the only peer reviewed project by 3rd party
- It is the only project which has it’s protocol submitted to cryptography community
- It is fully funded for years
- It tackles issues which no other crypto project does (sidechains)
- They resolved POS issue
- afaik, it is the only project researching trusted hardware
So, by looking at those parameters, I would say that they have much larger chances of success than many, many other projects. If that will indeed happen I simply don’t know, in fact, nobody knows, but I will rather place my bets on something with high chances than some other coin with no real logistics, research, development , plan or utility.
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