What will staking introduction do to the Cardano (ADA) price?

June 8, 2023

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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.

And – they voluntarily submit to third party auditing and self fund it. Just another example of Cardano’s self imposed rigorous standards. Smart money should be on notice.

Reality check – things to keep in mind

All the potential aside, ADA is still absolutely useless and 100% proof of concept. ADA is still building the groundwork, they’ve got a long way to go; however long it takes for DLT to snag a critical role/partnership. It’s going to take more than “CryptoKitties” before this technology is a household part of institutions; ILP, Hyperledger, etc.

The good news is, ADA is about as close as you can get to the most advanced, scalable and secure coin, the possibilities are endless for blockchain, but they haven’t been realized yet. Until that happens, ADA along with every other coin lives and dies with BTC; until the technology is treated as a digital asset and not traded like a commodity. The wait won’t be long when things do get grounded, but we’ve still got a way to go. ICOs must have intrinsic value otherwise you’re not investing, you’re speculating– as soon as we see Cardano alongside Apple, Intel, etc we’re rolling dice and betting on black.