This will revolutionize means of payment. You will be able to pay anyone at any time with anything you want (stock, crypto, fiat, gold, whatever), while they will be able to receive anything they want.
This is a system worth trillions of dollars. It will beat maximum market cap of Etherium by the end of this year, probably even faster.
I am convinced that in the near future, the whole stock market industry will die and this will be the alternative. It will allow for better pricing, less bueraucracy, virtually no fees and overall it will be the decentralized internet of markets and currencies.
With millions of people around the world, hosting Cardano pools, we will get an alternative internet. Maybe even people like Kim Dotcom and projects like Megabox could in the near future, use resources provided by Cardano pool hosts.
Bitcoin (and slowly Etherium) have significant problems with power consumption. And although this can be fixed, it will be very difficult for developers to reach consensus. Cardano has a great voting system and the project is fundamentally on solid foundations, while at the very start, all the problems of BTC and ETH are solved.
ADA market cap is currently at 45B at the moment.
There is no such thing as crypto market crash, these are not stocks. There is merely a transfer of money towards the better system, and I am telling you that the Cardano is so far the best crypto system that gives an option to any use. It can be anonymous, it can be public, it can be regulated and it doesn't have to be regulated.
This will provide any government an easy adoption of the system. It will allow you an option to disclose your purchasing information if you wish (for example if your government requires you to provide proof of payment or evidence), but you cannot be forced. You can choose not to disclose any information.
There is so much to say about Cardano, but people rarely want to read long and elaborate explanations.
I wish you well, and here is a great song which longs for the old silk road.
Well, we have a new silk road, and it will be glorious. This will wipe out all the corrupt centralized money printers, and I believe that in the long term, this will wipe out the stock market. youtube.com/watch?v=IFU1v9DH_xY&ab_channel=ChrisRecordTV
And I really mean it. There will be no need for such a thing as a stock market. This crypto platform will place the fundamentals for crypto investments into companies like you've never seen before.
@alistojohn, Well, because none of these lines are relevant for trading. Those are my alerts and I just like to mark my latest entry with purple lines. I'm a visual guy.
motion2082
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Unless you bought under .50c you missed the Rocket on this one. ADA is a solid coin but history always repeats...the bear market is coming
Nice chart.One problem though as i read many charts quoting this without an arrow pointing down after resistance was met.
It went down not shown in your chart where i and many would have sold at 1.45 and re enterd at 1.2..I dont know why but its a bit suspicious.
josip
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@pluckyHunter3666, This chart wasn't supposed to give you any entry or exit points. It's not for day traders. It's just an elaborate opinion on Cardano. I hope it didn't mislead you or something.
Thank!