Many of them are left wondering if Cardano (ADA) Is Dead After Smart Contract Release
Randy Nathanael expressed: Cardano is dead after smart contract release.
Community response: Could you elaborate more as I am new to this and from what I read is that Cardano is a good choice to invest. I want to know what kind of smart contracts you have developed which is decreasing the value of ADA in the market.
ADA is not an institutional friendly token hence we see whales not participating at all. Since we project ourselves so decentralized & so democratic & so against the system. It’s makes sense that those seeking ADA at $4-$7 are disappointed. Hope things improve soon. No doubt Cardano is great and promising, but consider it is a long investment not short-term dump and pump thing.
Cardano Community you are our first love in Crypto Space all of our Team are part of that community we going to support you with your journey to better future.
Can you elaborate on Plutus Application Backend, specifically significant of its release, target schedule for first interaction and ballpark schedule for full release?
My question: Where are all those people keep appearing on my news feed promoting Cardano until end of September. So quiet these days.
When will applications be up and running like Sundae Swap and Stuff.
What happened to ADA? I trusted ADA and I’m already in a loss of 500$ bucks. ADA not participating in the Bull Run, but when the bears show up they do?
It just has three use-cases: Buying, Staking, Selling. Every single other chain is further ahead.
While all these are happening, Yahoo published, ““The overall under-performance of Cardano is likely because investors are waiting for the first applications that are built on the network. This is because the network recently launched its smart contracts features. Analysts believe that developer and user adoption of these features will be crucial to the survival of Cardano and its ecosystem. While many developers have started using it, there is a possibility that its adoption will lag because of the rising competition in the industry.”
Further, myriad contrarians keep stating, that the blockchain technology is over-hyped and overrated. The point is that if every decision had to go through a consensus protocol, it is going to be utterly chaotic. This is one reason for why corporations hire project managers to act as efficient decision-makers.
So, it just makes one believe like the masses rushed in because ADA was “cheap.”
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