Value increase’s with the update of Shelly are likely to drop back. This is a time when profiteers will step into the hyped up launch of the update. It’s a period of trading. Those guys will eventually fade. Holders of ADA in stake pools will see their real value increase with the launching of fully developed projects that operate on Cardano. I’ve been a trader for 40 years. Don’t buy into the rush for opportunistic profits unless you ARE a trader.
The benefit of Cardano IS the blockchain. There are some very large business projects that have been quietly developing while the testnet has been up. Cardano isn’t focused on banks. Cardano is focused on business’s and their needs. The Coffee growers industry for example is vast, global and competitive. Charles H. has stated in an AMA his desire to build and develop a real world working system with 1.5 million coffee growers in Africa. More than just wanting to do so, they have a working relationship with the Government. This isn’t a maybe. It’s happening right now. Equipment leasing is another multi trillion dollar industry. As I read recently a major global company IS partnering with Cardano for development of it’s global blockchain needs. I like to keep the Korean debit card project in mind as well. It’s also a real world active development.These are real world situations that can have incredible benefits. And lets be real about something else, India’s $320B IT opportunity. Setting up a university in INDIA with 2,500 initial spaces with the intention of expanding to 10,000 is amazing, but it also means future growth and expansion, not immediate. The Indian IT engineers are already tech savvy. They are also in many cases brilliant. How many projects they will build on Cardano?
My point is this, ETH has hundreds of absolutely lousy crypto’s built on it’s blockchain, yet it’s value climbed to well over $1,000. Do to failures and value loss during this crypto winter the price has dropped dramatically. Remember 90% are expected to crash and burn. IOHK/Cardano teaches programmers to build on their blockchain.
It’s been said IOHK will fund select special projects while working with them to advance their project. Remember Cardano founder Hoskinson is no slouch. He is very focused on building for the long haul and as we see, he takes the time necessary to build as functional and solid as anyone could hope.
IF IOHK consults with Indian projects they will have Charles experience to guide them away from Bitcoin problems as well as ETH s problems and the many Cardano has worked through. This is a win win win.
My long winded point is, Cardano as a block chain will be a powerful industry leader or should I say industrial leader. AND, if they do increase their Transactions Per Second, TPS, maybe banks will also see them favorably. Cardano has the possibility of overtaking both XLM and XRP in my view.
My only concern is will ADA’s value be transferred to ADA. XLM and XRP are both used more than any other crypto in use today. Yet their price is in the dumpster. Speculation, not use drives their (price not value).
As projects were built on ETH it’s value grew. My expectation is that as projects are built on Cardano it’s value will be transfer to ADA. The token XRP and XLM gave away the value proposition of their tokens when they developed a fee structure that allowed use of other coins to pass through their systems by only having an account with a minor deposit of tokens that would be used to pay a simple extremely small access fee of .000001 per transaction. If Cardano does likewise I suspect the investment in their system will have been another mistake.
Let Cardano mature. If as Charles Hoskinson has expressed to me that market forces will drive the value of ADA then our holdings will be very valuable and mimic the success of ETH possibly several times over. Fingers, eyes, legs and shoelaces crossed.