whats happening with this shit?
vaporware? another shitcoin?
ADA ???
Joseph Ward
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Xavier Peterson
their academic peer review hinders quick progression. they've got a great roadmap but it's going to take forever for any real product. long hold
Jacob Nguyen
Extreme whale manipulation but fundamentally strong. Not moon Ing in two months doesn't mean it's dead
Brandon Morales
Best long term hold.
Julian Brooks
It's a long term hold, comparable to stocks. Think years.
Adam Martin
It's incredibly overvalued right now. Even the devs said they don't understand how it got so high so quickly and even Hoskinson said it made no sense to him that it went so high so quickly. Buy in price should be around 10c-15c at most, base utility price should be around 6c. Once the staking system is fully deployed, I'd say base utility price should be around 20c, fair market price perhaps 45c-60c. Once the compute layer is deployed and people can actually deploy dApps to Cardano, then we'll start seeing reasonable price discovery in the $1-$1.50+ range.
As it stands right now though, ADA token is absurdly overvalued relative to utility or roadmap progress. As the others here are saying, LONG term hold, as in years. If you're looking for shot to mid term gains, this is not the project for you. Cardano really has no moon potential any time soon from a fundamental analysis perspective.
Jaxson Ward
Correct. ADA is a great long term hold but EOS will outperform in every area.
Jackson Anderson
It went so high because they sold most of it to Asians (mainly Japanese) before releasing what little was left to exchanges. There's barely any out there other than what little exchanges got and what Jap whales are using to manipulate the price. Easy pump.
Sebastian Nguyen
Probably didn't hurt that when it was mooning, whales were putting in huge buy orders to pump it every time it started to fall.
Lincoln Ward
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