Cardano has been very Too weak Too Slow. They have a giant valuation but they still haven’t launched smart contracts! The coin launched in 2017, so they had plenty of time to work. Despite this they have the fourth-highest valuation! (excluding stablecoins). This situation seems crazy to me on fundamentals. Of course, they probably will pump once smart contracts launch. But despite having most of my net worth in crypto I am not buying Cardano.
My stance on how long it’s taken for them to deliver smart contracts depends on when they said they would deliver smart contracts. Are they long past a previously stated deadline? Or did they expect the preliminary formal work to take this long? If they expected it to take this long (or like, 2.5 years), and still decided to do the formal work, that would be a credible signal that they really believe it’s that important and I would be moved by it. Otherwise, cause for concern.
Cardano has been very Too weak Too Slow. They have a giant valuation but they still haven’t launched smart contracts! The coin launched in 2017, so they had plenty of time to work. Despite this they have the fourth-highest valuation! (excluding stablecoins). This situation seems crazy to me on fundamentals. Of course, they probably will pump once smart contracts launch. But despite having most of my net worth in crypto I am not buying Cardano.
My stance on how long it’s taken for them to deliver smart contracts depends on when they said they would deliver smart contracts. Are they long past a previously stated deadline? Or did they expect the preliminary formal work to take this long? If they expected it to take this long (or like, 2.5 years), and still decided to do the formal work, that would be a credible signal that they really believe it’s that important and I would be moved by it. Otherwise, cause for concern.