šµĀ $ADA Ā : Cardanoās Long Game in a Fast-Paced Market
Personal thoughts, not financial advice
Iāve been following Cardano since its early days ā and few projects spark as much debate in the crypto space.
Launched in 2017 at aroundĀ $0.02, ADA saw its first parabolic rise during the 2018 bull run, only to go quiet for years. But while others chased hype, Cardano doubled down on peer-reviewed research and formal methods ā a rarity in crypto.
Fast forward to 2021, ADA hit an ATH ofĀ $3.10, riding on smart contract deployment and the Alonzo upgrade. Today, it trades atĀ $0.56 with a market cap nearĀ $20B, still sitting comfortably in the top 10.
š Some cool facts:
Cardano was founded by Ethereum co-founder Charles Hoskinson. His focus? Academic rigor and decentralization.
Unlike most Layer 1s, Cardano uses a proof-of-stake protocol (Ouroboros) that was actually peer-reviewed.
It boasts one of the most active GitHub repos among major chains ā even during bear markets.
Is it the fastest-moving project? No. But thatās the point. Cardano plays the long game, and in a space driven by short-term pumps, thatās oddly refreshing.
What do you think ā undervalued tech or missed opportunity?
#ADABullish #Cardano #ATH.