net_left Kdata adver left
Detail

Cardano – The Prodigy or Prodigal Son?

Cardano has been hailed by the cryptocurrency community as the brilliant whiz kid since its launch in 2017. The project has an array of exceptional qualities that have...
Cardano – The Prodigy or Prodigal Son? Cardano – The Prodigy or Prodigal Son?

  • Cardano has been hailed by the cryptocurrency community as the brilliant whiz kid since its launch in 2017.
  • The project has an array of exceptional qualities that have endeared it to users and the crypto ecosystem at large.
  • If Cardano lives up to its expectation, it could lead to the crossing of the $10 or even $25 mark.
  • Cardano is the fourth-largest cryptocurrency in the world and trades at $1.26 at the moment.

Cardano is the favorite child of the cryptocurrency family and everyone raves about the impressive qualities that the project has. This has led some analysts to state that Cardano may be the successor to Ethereum if the project ever lives up to its potential.

So far the project has adopted a slow and steady pace in the attainment of its objectives but given its ‘prodigy’ tag, it seems the community would rather Cardano start delivering on its promises now.

Cardano – The Prodigy

Cardano garnered significant steam after its launch due to several reasons. The project was founded by Charles Hoskinson, a co-founder of Ethereum who had a wealth of considerable experience coming into the project. Having learned from the successes and failures of Ethereum, Cardano was designed to do things differently.

It ditched the Proof-of-Work consensus model and adopted a Proof-Of-Stake protocol named Ouroboros which uses less energy. This move was widely hailed as genius given the recent uproar that was caused by Bitcoin’s environmental impact.

The use of design principles to solve the problems that plague blockchain technology such as scalability and interoperability has earned it the title of being a prodigy that is poised to change the entire landscape.

By combining a layer for settlements that keeps track of the transactions and another layer that allows for smart contracts and building applications, Cardano offered something unique for the space.

What If Cardano Lives Up To Its Expectation?

Although Cardano has not fulfilled all its promises because of the slow and steady approach that it adopts, the entire ecosystem could easily change if it did. The first thing that will be transformed will be the value of the asset.

At the moment, ADA is trading at $1.26 and this figure could easily rise to $10 or even $25 if its potential is realized. At these figures, Cardano might have a market capitalization of around $700 billion, flipping Ethereum from second place and giving a stiff challenge to Bitcoin.

At this moment, we may see the exodus of DApps from Ethereum to Cardano and Cardano could serve as the bastion of DeFi should its goals be achieved.

On The Flipside

  • Despite holding so much potential as a star child, there is only so much promise it can offer before it has to prove itself in the real world.
  • After several conversations about ADA’s bullishness, the asset has not lived up to all of the hype that was generated around it.

The Prodigal Son

There’s a thin line between genius and madness and right now, Cardano is walking that line. The slow pace of Cardano has been attributed to the need to do things differently from its predecessors.

For instance, Ethereum built the house first and is now going back to the drawing board to fix things while Cardano is focused on building a solid foundation first.

The slow and steady mantra stands as an oddity in the fast-paced cryptocurrency industry where updates are launched and announced in a matter of weeks. This has elicited diverse reactions with one quarter referring to Cardano as a prodigal son after failing to live up to the expectations after all these years.

In recent months, Cardano has been picking up steam with the Alonzo White hard fork being a massive success and has opened the frontiers of smart contract functionality for the network.

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
28-03-2024 22:53:01 (UTC+7)

EUR/USD

1.0798

-0.0028 (-0.26%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

EUR/USD

1.0798

-0.0028 (-0.26%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

GBP/USD

1.2626

-0.0012 (-0.10%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

USD/JPY

151.31

-0.01 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

AUD/USD

0.6521

-0.0013 (-0.19%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (4)

USD/CAD

1.3541

-0.0026 (-0.19%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (8)

Sell (1)

EUR/JPY

163.33

-0.42 (-0.26%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

EUR/CHF

0.9729

-0.0057 (-0.58%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Gold Futures

2,234.35

+21.65 (+0.98%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (8)

Silver Futures

24.898

+0.146 (+0.59%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (10)

Copper Futures

4.0062

+0.0062 (+0.15%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (7)

Crude Oil WTI Futures

82.63

+1.28 (+1.57%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (1)

Sell (5)

Brent Oil Futures

86.46

+1.05 (+1.23%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (1)

Sell (5)

Natural Gas Futures

1.727

+0.009 (+0.52%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (8)

US Coffee C Futures

189.15

-1.50 (-0.79%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Euro Stoxx 50

5,086.25

+4.51 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (7)

S&P 500

5,255.48

+6.99 (+0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

DAX

18,498.99

+23.93 (+0.13%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (5)

FTSE 100

7,965.83

+33.85 (+0.43%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (7)

Hang Seng

16,541.42

+148.58 (+0.91%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (1)

US Small Cap 2000

2,135.85

+21.50 (+1.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

IBEX 35

11,079.66

-31.64 (-0.28%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

BASF SE NA O.N.

52.925

-0.325 (-0.61%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (6)

Sell (3)

Bayer AG NA

28.45

+0.03 (+0.11%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (5)

Sell (3)

Allianz SE VNA O.N.

277.63

+0.18 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Adidas AG

206.58

+1.88 (+0.92%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (9)

Deutsche Lufthansa AG

7.293

+0.116 (+1.62%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (1)

Siemens AG Class N

176.75

-0.17 (-0.10%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Deutsche Bank AG

14.570

-0.042 (-0.29%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (7)

Sell (2)

 EUR/USD1.0798↑ Sell
 GBP/USD1.2626↑ Sell
 USD/JPY151.31↑ Buy
 AUD/USD0.6521Neutral
 USD/CAD1.3541↑ Buy
 EUR/JPY163.33↑ Buy
 EUR/CHF0.9729↑ Sell
 Gold2,234.35↑ Sell
 Silver24.898↑ Sell
 Copper4.0062↑ Sell
 Crude Oil WTI82.63Neutral
 Brent Oil86.46Neutral
 Natural Gas1.727↑ Sell
 US Coffee C189.15↑ Buy
 Euro Stoxx 505,086.25↑ Sell
 S&P 5005,255.48↑ Buy
 DAX18,498.99Sell
 FTSE 1007,965.83↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,135.85↑ Buy
 IBEX 3511,079.66↑ Sell
 BASF52.925Neutral
 Bayer28.45Neutral
 Allianz277.63↑ Buy
 Adidas206.58↑ Sell
 Lufthansa7.293↑ Buy
 Siemens AG176.75↑ Sell
 Deutsche Bank AG14.570Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,880/ 8,050
(0/ 0) # 1,398
SJC HCM7,900/ 8,100
(10/ 10) # 1,450
SJC Hanoi7,900/ 8,102
(10/ 10) # 1,452
SJC Danang7,900/ 8,102
(10/ 10) # 1,452
SJC Nhatrang7,900/ 8,102
(10/ 10) # 1,452
SJC Cantho7,900/ 8,102
(10/ 10) # 1,452
Cập nhật 28-03-2024 22:53:07
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$2,214.20+23.181.06%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.29+4.850.06%
Brent$86.30+4.660.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.580,0024.950,00
EUR26.018,3427.446,04
GBP30.390,9531.684,00
JPY158,69167,96
KRW15,8419,20
Cập nhật lúc 18:53:18 28/03/2024
Xem bảng tỷ giá hối đoái
adver main right