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Unpopular Opinion; I believe Cardano's ADA is ridiculously over-valued. Here are some better alternatives in my opinion.

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by COINS NEWS 260 Views

ADA Currently sits at #5 at 44 billion dollar market with Circulating supply of roughly 32 Billion. The market cap and the speculation that it will be as good or as robust as it is claimed after all the delays has me pretty skeptical, it given the incredibly high market cap there's barely any room for growth as a wise investment especially when Ethereum is recieving POS before full ETH2 rollout

This all, while running just tests and test nodes and tests for smart contracts without actually having a product to show for it for years and it is constantly being delayed in hopes of "Launched when ready" (sounds way too familiar and dangerous). To give a you perspective of how bad it actually is, Shiba Inu has a working product (I'm not shilling it I absolutely hate it and find it incredibly cringy and hard to swallow), it doesn't matter it's a terrible uniswap clone or the fact that SHIB aren't in a smart contract wallet. It's broken but it works.

Same with Ethereum. It's slow, clunky, old and it even had a chain break, despite that it moves billions of dollars every single day. It's a working product. Complain about the fee all you like and it does suck but it is what it is, a working technology being employed for its main purpose.

Same goes for Fantom's FTM with incredible tokenomics, harsh penalties (double edged sword) for fraudulent transactions, it's incredible partnerships and working with governments of some countries and investments from Alameda research, it's a complete cryptocurrency along with the fact that it is being used for the purpose it was built and has a pretty robust DeFi systems in place.

Next comes LTO network and its token has been pumping as of late and showing a lot of promises and big percentage gains. It has done that before and it's a small market cap coin with Circulating supply of roughly 288 million and Maximum supply of 403 million. LTO network uses hybrid blockchain and live contracts to help businesses and organizations break out of data Silos. Even better is the fact that it's GDPR compliant. It's not too difficult to see the mass adoption, as far as I know it is B2B and is currently being used for what it is meant for. It's relatively new so I'm excited to see future applications of this and other hybrid technologies.

There isn't a whole lot to say about polkadot, or better yet I can't explain polkadot very well but it aims for interoperability with its own parachains. I'm having a pretty hard time understanding the things with DOT and Kusama's KSM. Awesome tech and applications nonetheless.

Cardano's ADA is all but built on promises and ridiculous amounts of speculation, best case scenario is that it's worth it, worst case is the it's cyberpunk 2077 of blockchain and cryptocurrency in general. I don't know for how long can you keep the market and hype going. This, however is just my opinion, if you have a counterargument please let us know, I am open to changing my mind.

Edit: I'm sorry I'm tired of being accused of shilling, moon farming and being personally attacked. Expect no further replies.

submitted by /u/iamnobody331
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