Cardano has a large circulating supply, with 45 billion ADA coins eventually entering the market. The sheer volume of available coins means that significant price movements require substantial market activity and demand. Without continuous, large-scale buying pressure, the price remains relatively stable.A significant portion of ADA is locked in staking, contributing to network security and earning rewards for holders. While this is beneficial for the ecosystem’s stability, it reduces the available supply for trading, thereby dampening price volatility. Investors who stake their ADA are often long-term holders, less likely to engage in frequent buying or selling, which keeps price movements minimal.Cardano faces stiff competition from other blockchain projects like Ethereum, Solana, and Binance Smart Chain. These competitors often have more aggressive marketing strategies, faster development cycles, and higher adoption rates, leading to greater investor excitement and price volatility. Cardano’s deliberate, long-term approach can sometimes be overshadowed in a market driven by quick gains and hype.The Cardano community is known for its strong belief in the project’s long-term vision. This community’s commitment to holding ADA rather than trading it frequently results in lower market activity. While this demonstrates confidence in Cardano’s future, it also contributes to the current low and steady price.
$XRP — To be realistic, #XRP reaching $130 is improbable. With a current circulating supply of approximately 55.7 billion out of 100 billion and a market cap of around $26.7 billion, XRP would need a market cap of about $7.35 trillion to hit $130 per coin. This scenario would imply that 1 Bitcoin would need to be worth $16.5 million first.
$NOT — I'm not fond of #Memecoins , which often rely on emojis for their creation, but there's only one Notcoin that originated from nothing and holds value. Potential targets: $0.05 to $1
$LISTA — Lista has encountered resistance twice at the $0.82 level. There are strong support levels at $0.61 and $0.55. We might see sideways movement around the $0.72 level before breaking above $0.82, with $1 as the first target. Several factors can drive the price to bullish targets of $1.8 and $2.5. The expansion of LISTA's ecosystem and DeFi applications boosts demand and value. Key industry alliances enhance visibility and credibility, while Lista DAO ensures user alignment, fostering trust. Benefits for holders include earning rewards by staking, participating in decision-making processes, and gaining access to new features. Additionally, slisBNB offers attractive liquidity and staking opportunities, and Lista DAO provides transparent, community-driven governance, revolutionizing liquidity staking.
$ETH — What makes #Ethereum the second-largest cryptocurrency in the market is its strong development community, which is one of the largest for blockchain developers.
If you invest in a crypto coin and the project fails, you will lose both time and money. However, if you invest in yourself and create an innovative project, even if it fails, you only lose money but save time and gain valuable experience, allowing you to start again with new expectations.
$ADA — Bullish news! Let's remember the price level of $0.38, as we might not see it again. The hard fork will be fully completed between July and August 2024. I trust Charles and his mid-term plans.
Tron (TRX) and Cardano (ADA) are both blockchain platforms with their unique features and use cases: Tron (TRX): Founder: Justin Sun.Launch Year: 2017.Primary Focus: Decentralized applications (DApps) and content sharing.Consensus Mechanism: Delegated Proof of Stake (DPoS).Speed and Scalability: High transaction speeds and low fees.Ecosystem: Known for its strong focus on entertainment and media, with partnerships with BitTorrent and various DApps. Cardano (ADA): Founder: Charles Hoskinson.Launch Year: 2017.Primary Focus: Creating a more secure and scalable platform for DApps and smart contracts.Consensus Mechanism: Ouroboros Proof of Stake (PoS).Research and Development: Emphasizes peer-reviewed research and a formal development approach.Layers: Divides the ledger into two layers – the Cardano Settlement Layer (CSL) and the Cardano Computation Layer (CCL) – for better security and scalability. Comparison: Technology: Cardano is built on a strong foundation of academic research and aims for long-term scalability and security. Tron focuses more on high throughput and immediate use cases in the entertainment industry.Development Approach: Cardano uses a scientific philosophy with a focus on formal verification. Tron is more aggressive and market-driven.Community and Adoption: Both have strong communities but differ in their ecosystems' focuses, with Tron being more media-centric and Cardano aiming for broader financial and governance applications. In short, Tron aims for speed and high throughput in the entertainment sector, while Cardano focuses on long-term scalability and security through a research-driven approach.
Fun fact — 6 years ago, when a new cryptocurrency was launched, the marketing team would claim the project was integrated with Microsoft Azure to boost its value.
$LISTA — #Lista declined by $0.55 and then surged to encounter resistance at $0.75. To reach $1, we need to break through $0.75 and remain above the $0.8 level. #Hold
$BNB — #Binance coin exhibited sideways movement between the $610-$600 levels before dropping to $550, which will now act as a resistance if it attempts to return to the $660 level. However, I believe in BNB because it continuously upgrades its smart chain and offers good returns while holding.
$ZK — #zkSync is attempting to establish a support level between $0.166 and $0.17. With a circulating supply of approximately 3.6 billion out of a total 21 billion, a resistance level could form at $0.186.
$BB — #BounceBit has finally found strong support at $0.34, the same level it reached before climbing to $0.87. Users are curious about the increasing circulating supply, which is actually due to staking rewards and the monthly increase in the delegation program.
$ADA — #Cardano demonstrated strong support at $0.36 after dropping from the $0.50 level. We could see bullish movements, especially following the new upgrade.
Cardano has the potential to rival or even surpass Ethereum, especially with its unique features and scientific approach. While Ethereum pioneered smart contracts and decentralized applications, it faces challenges like high gas fees and scalability issues. Cardano addresses these problems with its proof-of-stake consensus mechanism, which is more energy-efficient and scalable. Cardano's layered architecture also allows for more flexibility and innovation, separating the settlement layer from the computation layer. Additionally, Cardano emphasizes peer-reviewed research and formal verification, ensuring robustness and reliability in its protocols. However, Ethereum has a significant first-mover advantage, a large developer community, and widespread adoption. The competition between Cardano and Ethereum will likely drive further innovation and improvements in the blockchain space.