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TheCurrencyAnalytics

04/26/2022

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Cardano is Built to Provide Decentralized Financial Infrastructure on a Global Scale

Catch up on the latest crypto market news at The Currency Analytics. Dan Gambardello shared: Many people simply do not understand what Cardano is doing. Cardano is built to provide decentralized financial… The post Cardano is Built to Provide...

Cardano is Built to Provide Decentralized Financial Infrastructure on a Global Scale

Dan Gambardello shared: Many people simply do not understand what Cardano is doing. Cardano is built to provide decentralized financial infrastructure on a global scale. This is huge, bigger than what most are focused on right now. ADA is the biggest sleeping giant in crypto. It’s going to explode.

Community Response:  We all understand what Cardano is doing. It’s already a 40+ BB valuation based on lots of talks. There is are other competing platforms. What about one developed by Turing Award Winner (Algorand) or Solana or ETH or any of the other chains. One of these systems will win!

Are you still on “Cardano is lots of talk” FUD? I thought we were on “Haskell is too hard FUD. This cultish mentality of “one of these systems will win” is exactly why we can’t have nice things, like mass adoption. This isn’t Highlander. There can be more than one.

We need to make sure our world computers are decentralized. I think Cardano is the best but I don’t want Eth to fail

Cardano also not had smart contract exploits so far either., despite dapps being live. It doesn’t mean none will ever happen. But it sets a great foundation and precedent.

Cardano smart contracts have not been exploited to date despite multiple dapps deployed while Cardano scales.

No system is perfect, and Cardano projects are not all going to be equal, hence the need for certified ratings. Though, solid engineering & peer review matters.

Show me ONE useful dapp “being alive” in ADA. Can I lend/borrow? What about a swap? Maybe a dex? Farm stables? Maybe an escrow service? P2p market? Games? Something?

Muesliswap, sundaeswap are functional dexes right now. Meld, liquid, and aada are borrowing and lending platforms that are almost live.

1) Network is extremely congested. Weird, given the fact nobody uses it. 2) Solid amount of pairs. 3) OH yeah, muesliswap! How can I miss that one? (Pic 2). SOLID assets there.

ADA is just an Ethereum clone with non-functional smart contracts. The obsolete project compares to Polkadot, Solana, or Avalanche. $ADA will just slowly go to zero over the next few years.

Maybe one day you realize that All Copy the eth Account-based Model and that Cardano has a different approach More Like BTC With eutxo.

The average non-ADA crypto investor doesn’t even know what’s under the hood of their investments. They just bought it bc someone told them to.

Cardano tried to get into El Salvador but they went with Algorand. Cardano is promising Africa yet Algorand has now been the one to sign a deal for use with Africa’s largest mobile phone manufacturers and digital ID setups. Everything Cardano has promised for years Algorand does.

Africa is not a centralized thing and is very diverse in terms of government styles. That’s great Algorand has something going but to imply that Cardano isn’t is just disinformation. Cardano literally and mobile partnership with African Countries.

Projects already leaving Cardano in Africa for others. Meanwhile, Algorand will be in every smartphone from Africa’s largest mobile phone developer.

It already exploded it was nice riding it to the top. I was in it before top 10, sold when it hit top 10, and have no regrets because I sold the top. Can’t say it’s a sleeping giant because of the market cap which a lot of people don’t understand, and u as an influencer should explain.

If talking about a sleeping giant there are better low market cap blockchains that have Better tech than Cardano. Cardano at this stage is pure hype, it delivered what it could, and unfortunately, there are no big buyers anymore.

The truly big buyers have barely started buying and will probably take another 3 years to begin rocking the financial world.

Nope, research market cap.

I think you miss my (badly explained) point. If the whole market increases dramatically in size, there is a massive opportunity for cryptos that can scale. Not all will. I believe Cardano is one of the ones that will.

Cardano can’t scale what do u mean? Many low market caps can scale!

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