TxAG#2011 said:
LatinAggie1997 said:
AgPrognosticator said:
oglaw said:
For those of you that are bullish on Cardano what do you think long term price targets could reasonably look like? Something like $8, $50 or even more? I'm a total newb at this.
Agree with others that it's impossible to tell. I do, however, believe that when Cardano's smart contracts receive positive reviews on the test net, ADA will jump appreciably. Then, if smart contracts are successful on the public net, Cardano could quite literally challenge ETH for the #2 spot on crypto market cap. Only time will tell.
If you don't know what I'm talking about, then I would encourage you to sit out of the crypto market and learn more before you jump in. Don't take others' word for it do your own DD.
Good luck!
Very much this^
I would include that if smart contracts are implemented onto the main net successfully and on time, the value will jump not only due to functionality, but also project migration from ETH. There are already lots of devs working on their projects on the private Cardano teat net, which is a precursor to the test net, for specific projects.
Additionally, my theory I that once Alonso is fully rolled out it will only take 5 notable projects to migrate to Cardano using the ERC20 converter before 20% of the devs/projects switch ecosystems. It could be a domino effect because if your competitors are performing transactions at a faster rate and at a much lower cost, you probably want to move e as well.
Uhhh they are already "moving" and in that sense briefly transferred to Polkadot, Binance Smart Chain, and Solana.
There are a couple dozen blockchains currently performing transactions at a faster rate and much lower cost than Eth that are currently operating so this isn't some novel concept.
1. There are millions of devs out there and only a few thousand are on ETH.
2. Those other platforms have issues that will need to be resolved in the near future, ala DOT, while Cardano is being built to avoid issues and if inevitable the fix is easy and quick.
3. Cardano will be a Real-Fi with real world applications across a spectrum of industries, not single faceted; governments, education, finance, healthcare, supply chain, NFTs, etc.
4. Only time will tell but I like Cardano's chances to be successful and be around post 2028.