This past year has been one of the craziest times to be investing – nothing is predictable anymore. Stocks are hitting ATHs, we had GME, the grandaddy hit 60k, and everyone’s favorite Shiba Inu is about to reach a dollar (to the moon).
What’s happening now is awesome, but here’s what I’m thinking:
Recently, JP Morgan published an article explaining why Ethereum is outperforming the grandaddy. Ultimately, institutions are flocking in to Ethereum because of its perceived utility and potential applications. Companies are starting around it, providing scalability solution and decentralized applications – Ethereum has a bright future.
Dogecoin on the other hand, 8k is produced every minute. More than a billion coins are added every year into circulation and it’s only used for payments, but it has a story, it’s marketable, and the people love it.
So can anyone explain to me why no one is taking a serious look at Cardano? Sure, they haven’t released smart contracts yet… they are a work in progress. But, if institutions love Ethereum so much and the people love Doge, Cardano seems like it’s the best of both.
In the current state of the market, people could care less if the coin they purchased literally says SCAM or PUMP.
So if Cardano:
Why aren’t people blowing this up like other coins? Maybe it’s a good thing and will provide stable growth? I don’t know.
I’m not telling you to invest, after all it’s at an ATH. I think people should have exposure to crypto in general, but in increments – you should never just go all in (when I say this I’m referring to the whole market). But, if Cardano started where Ethereum is working towards… POS, lower transaction fees, etc… Where is the value?