Cardano ADA All-Time High: Overvalued or Just Getting Started?

Cardano ADA All-Time High: Overvalued or Just Getting Started?


Want our unbiased Cardano price prediction? Hold or take profit? We breakdown the Cardano price action based on nine upcoming Cardano news (Alonzo, Project Catalyst, network fees, Voltaire, etc) that may PUMP Cardano price beyond its current all-time highs. Plus we look at three ADA Cardano risk factors that you need to know. At the end of this video, we share our current and future investment strategies for Cardano, so be sure to watch till the end.

⏱️ ⏱️ ⏱️ TIMESTAMPS. ⏱️ ⏱️ ⏱️

0:00 INTRODUCTION Sell, hold or look for new buying opportunities?
1:52 HOLD ADA? – Reason #1
3:03 HOLD ADA? – Reason #2
4:48 HOLD ADA? – Reason #3
5:32 HOLD ADA? – Reason #4
6:36 HOLD ADA? – Reason #5
7:33 HOLD ADA? – Reason #6
8:30 HOLD ADA? – Reason #8
10:09 HOLD ADA? – Reason #9
11:21TAKE PROFIT? – Reason #1
11:57 TAKE PROFIT? – Reason #2
12:15 TAKE PROFIT? – Reason #3
13:45 WRAP UP – Altcoin Buzz’s Cardano ADA Investment Strategy


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💡 💡 💡 VIDEO SUMMARY 💡 💡 💡

➡️ CARDANO BITCOIN DE-CORRELATION
ADA seems less dependent on Bitcoin price fluctuations.

➡️ Alonzo and what does it mean for Cardano?
Alonzo will give developers the tools necessary to provide more comprehensive services to users such as DeFi Dapps, NFT services, crowdfunding, etc

➡️ CARDANO SMART CONTRACT TRANSACTION FEE VS ETHEREUM FEES
Ethereum $6.864 va Cardano $0.5112.
In Cardano your fees will be collected only if your transaction succeeds.

🧮 CARDANO FEES CALCULATION
Base fees + (size of the transaction * fees per Kilobytes)
Current Cardano Base fees = 0.15ADA and per kilobytes fees = 0.0044ADA
Average size of a smart contract after Alonzo is expected to be 24kb.
dApp transaction cost on Cardano =
Base Fees + ( Size of the smart contract * per KB transaction fees)
0.15 ADA + (24KB*0.0044 ADA)
= 0.15 ADA + 0.1056 ADA
= 0.2556 ADA = $0.5112

➡️ ALONZO AND CARDANO’S POWER EFFICIENCY
Cardano claims to be 21,000 times more energy efficient than Bitcoin but still not low enough to make Cardano a green cryptocurrency. But, with Alonzo upgrade this might change.

➡️ AALONZO AND MAINSTREAM LANGUAGES SUPPORT
Any developer would be able to build dApps on Cardano. Cardano ecosystem will flourish.

➡️ IMPLICATIONS OF PROJECT CATALYST IN THE VOLTAIRE ERA
Project Catalyst is working as a great tool to help bring in more developers to Cardano as soon as Alonzo is rolled-out.

➡️ INITIAL STAKE POOL OFFERING MODEL
This has encouraged ADA staking further leading to 72% of the ADA being staked. As a result, a serious ADA supply squeeze is building which also seems to be contributing to the price rally.


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➖ MUSIC ➖
The Life and Death of a Certain K. Zabriskie, Patriarch by Chris Zabriskie is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Source: http://chriszabriskie.com/vendaface/
Artist: http://chriszabriskie.com/ (edited)
chriszabriskie.com


➖ DISCLAIMER ➖
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

#CardanoADA #CardanoPrice #CardanoNews

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