I was wondering about the 9.8 billion Cardano market cap and the unit price of .38. The product delivery is far off and in all honesty 9.8 billion is a lot of money based on people and knowledge.
I mean, Ethreum with its traction is at 80 billion and Stellar which is ahead in development at 7 billion.
So is it one of the below or something else entirely?
- Blockchain / Cryptocurrency market will grow further, so without a baseline, this level of investment might be the right valuation?
- Cardano approach (blockchain, cryptocurrency and smart contract platform) + talent are that much superior to all platforms that this investment is logical?
- Senseless investment and valuation across the board