Several Cardano (ADA) holders feel that August will be the month for Cardano and they believe that it will be 10x by now.
CEX.IO stated, “ADA overtook $USDT by the number of users in April! The number of users trading @Cardano has increased by 15 times over the ½ of 2021”
However, cynically someone stated traders and users are two different things. Others were like ADA is seriously stable, it maintains it price even when Bitcoin and ETH, were down.
The many people are saying guys were like: The final dip of Bitcoin is about to happen in these few days. If Bitcoin goes down to 27 most likely ADA will hit $1.30 and that would be the final dip until August Smart contract announcement. And that ADA will be at 3.95 by then. Pointing to how it is important to be Smart.
Negative press continues to flow and this makes proof of Cardanos sustainability through the UN’s Sustainable Development Goals so important to drive adoption.
Cardano (ADA) the community feel will overtake Ethereum as the number 1 DeFi coin. ADA is winning the trust of even crypto bears.
Bitcoin is overvalued, especially with Central Bank Digital Currencies coming in and more and more regulation. The initial promise that Bitcoin had for everybody is going to fail. It is going to be more like a store of wealth, like gold. Several random small countries might not bother to regulate it, but major countries are already cracking down on it. Currently, it feels like there is too much hype around Bitcoin.
For now, Ethereum does not scale. Some say it is like the Ruby on Rails which never became popular for a short amount of time and then people realize.
Tether (USDT) many say is at par with Ponzi as they are printing it out of thin air.
Binance Coin (BNB) and some say the exchange is under investigation by the IRS for money laundering.
Ripple (XRP) is promising, but they are like dealing with the SEC issue.
DogeCoin is Elon Musk’s favorite coin. However, despite all the hype, none of these currencies are going to be ideal for transacting. There is a lot of things with all these coins like capital gains, paying taxes.
Polkadot is good, but fairly complex and people are not really sure of what it will be good for.
So, Cardano among all other tokens in the cryptocurrency space has a good reason to stay and reign as they are trying to change the world with excellent projects.
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