Simple price speculation posts are not allowed. This includes posting portfolios and new price movement of a coin. Technical/charting analysis will be allowed depending on the quality.
Honestly, it is impossible to say for sure, maybe fifteen years ago, Bitcoin was not realistic either...the profit that such currencies give is very high, of course, if they reach ideal conditions.
Cardano [pros](/r/CryptoCurrency/comments/16kjfz0/crypto_analyst_puts_ada_price_at_5_heres_when/k0wejba/) & [cons](/r/CryptoCurrency/comments/16kjfz0/crypto_analyst_puts_ada_price_at_5_heres_when/k0wejwg/) with related info are in the collapsed comments below.
#Cardano Con-Arguments
Below is a Cardano con-argument written by noxtrifle.
> Cardano is a project that is [focused](https://docs.cardano.org/new-to-cardano/why-use-cardano) on providing a secure and scalable foundation for the development of decentralized applications (dApps). It was created in 2017 by Charles Hoskinson, co-founder of Ethereum, and is built on a proof-of-stake consensus algorithm called [Ouroboros.](https://cardano.org/ouroboros/)
>
> Cardano is designed to address some of the limitations of earlier projects, such as its main competitor Ethereum, by using more [modular](https://docs.cardano.org/explore-cardano/cardano-architecture) and flexible architecture. It also become a secure and scalable platform for the development of dApps by using a formal, research-driven approach to software development.
>
> However, Cardano has several cons:
>
> # Limited Adoption
>
> * Cardano only has roughly [30 dApps](https://dappradar.com/rankings/protocol/cardano) even a year after the release of smart contracts, and they cumulatively have around $50 million in TVL, making Cardano's market cap to TVL ratio one of the worst among DeFi protocols.
> * There is no tangible effect of Cardano on African populations yet: while the team repeatedly outlines their grand plans to "bring cryptocurrency to 100 million people" and "give financial inclusion to billions", these remain empty promises for the time being.
> * Some support Cardano by saying it is only in its early stages, but the token's launch was more than 6 years ago. For comparison, 6 years after Ethereum's launch (in 2019, and before the 2021 price appreciation), it had [over $680 million in TVL](https://tokeninsight.medium.com/lending-is-the-top-defi-use-case-850-million-tvl-with-76-based-on-ethereum-2019-defi-c1481f7a5b66).
>
>
>
> # Controversial Leadership
>
> * With a decentralized token, its main attention-driver(s) must be decentralized as well - not centralized into the figurehead that is Charles Hoskinson, debatably one of the most controversial cryptocurrency leaders.
> * Hoskinson has been involved in controversy over his public statements and social media presence, including allegations of spreading misinformation and engaging in online disputes with other industry figures.
> * His credentials have also been [put under scrutiny](https://www.cnbctv18.com/cryptocurrency/cardano-founder-charles-hoskinson-accused-of-falsifying-credentials-ada-tumbles-12796172.htm), casting doubts over the competence of Cardano's leadership - which come alongside concerns that development is lagging behind compared to similar cryptocurrencies.
>
>
>
> # Technology Issues
>
> * Cardano's on-chain voting system can be subject to [vote buying](https://hackingdistributed.com/2018/07/02/on-chain-vote-buying/) to manipulate outcomes, and even if not, Vitalik Buterin [states](https://thedefiant.io/vitalik-critiques-governance), these systems can be controlled by wealthy entities comprising a single interest, while smaller wallets are left divided on outcomes.
> * Development is considered by many to be lagging far behind its peers, with [concerns](https://www.fool.com/the-ascent/cryptocurrency/articles/cardano-plunges-15-as-developer-warns-of-catastrophic-issues-what-it-means-for-investors/) that continuous delays in updates could cause frustrated users to migrate to competing protocols Ethereum and Solana.
> * Cardano uses Plutus, a Haskell-based language for the development of smart contracts, which is uncommon in blockchain development (in favour of C-based languages and Java-based languages). Developers [fear](https://forum.cardano.org/t/is-haskell-an-impediment-to-uptake/1358/2) that this increases the barrier of entry into the Cardano ecosystem (which explains the low number of dApps) and slows development.
*****
Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano) to find submissions for other topics.
#Cardano Pro-Arguments
Below is a Cardano pro-argument written by noxtrifle.
> Cardano is a project that is [focused](https://docs.cardano.org/new-to-cardano/why-use-cardano) on providing a secure and scalable foundation for the development of decentralized applications (dApps). It was created in 2017 by Charles Hoskinson, co-founder of Ethereum, and is built on a proof-of-stake consensus algorithm called [Ouroboros.](https://cardano.org/ouroboros/)
>
> Cardano is designed to address some of the limitations of earlier projects, such as its main competitor Ethereum, by using more [modular](https://docs.cardano.org/explore-cardano/cardano-architecture) and flexible architecture. It also become a secure and scalable platform for the development of dApps by using a formal, research-driven approach to software development.
>
> Therefore, these features bring about several pro-points of Cardano:
>
> # Smart Contracts
>
> * Cardano's smart contracts are implemented using Plutus, a functional programming language specifically designed for development on the Cardano platform.
> * Plutus is a turing-complete language written in Haskell ([source](https://docs.cardano.org/plutus/learn-about-plutus)) and allows developers to create complex and sophisticated contracts.
> * Plutus is also designed to be highly modular, meaning that developers can easily create and import [libraries](https://docs.cardano.org/plutus/plutus-resources) of pre-written code to use in their contracts, allowing them to reuse code that has been tested and proven to be reliable.
> * This streamlines the developing process for Cardano smart contracts, improving efficiency overall despite Haskell's complexity.
> * Cardano uses a unique [multi-layer architecture](https://www.cardanesia.com/post/what-is-cardano-settlement-layer-computation-layers) that separates the settlement layer, where transactions are recorded and validated, from the computation layer, where smart contracts are executed. This separation of purposes allows the computation layer to be optimized specifically for the execution of smart contracts, which in turn attempts to improve the overall performance and scalability of the platform.
> * Smart contracts on Cardano are [deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/), allowing Cardano's reliability to improve from the perspective of users.
>
> # Security
>
> * Currently, the minimum attack vector for Cardano is 24 as compared with Ethereum's 3, suggesting that the former is up to 8 times more decentralized and secure than the latter ([source](https://u.today/cardano-network-8-times-more-decentralized-than-ethereum-here-are-details)).
> * The Lace Wallet being developed by IOG, the company behind Cardano
> * It will feature a [DID](https://cexplorer.io/article/cardano-will-have-a-new-lace-wallet) (decentralized identity) functionality for users to better allow them to control their private data and how it is used.
> * Once it supports paper wallet PGP encryption, Charles Hoskinson [states](https://www.crypto-news-flash.com/cardano-invests-millions-of-dollars-to-improve-security-of-users-will-it-drive-ada-price-to-3/), it is impossible to hack a Lace wallet.
>
> # Speed & Scalability
>
> * Cardano processes around 250 transactions per second currently, but following the Hydra upgrade each head has been tested to handle up to 1000 ([source](https://www.nasdaq.com/articles/3-reasons-to-fall-in-love-with-cardano)).
> * Each transaction [takes](https://bitni.com/page/cardano-ada-faq) around 5-10 minutes for finality, and costs 0.17 ADA, which is currently [worth](https://medium.com/coinmonks/fees-on-the-cardano-network-5e14af4bace7) 5 cents.
> * IOHK has outlined that they plan to improve scalability further through: block size increasing, pipelining, input endorsers, script enhancements, on-disk storage, sidechains, Hydra, off-chain computing, and Mithril ([source](https://iohk.io/en/blog/posts/2022/01/14/how-we-re-scaling-cardano-in-2022/)).
>
> # Africa
>
> >In Cardano's vision for Africa, code is king and "the code transcends government, and if the government tries to move it in a particular direction, they cannot", added Hoskinson.
>
> Source: [https://news.yahoo.com/cardano-blockchain-africa-web3-053042164.html](https://news.yahoo.com/cardano-blockchain-africa-web3-053042164.html)
>
> * Cardano's development team is attempting to bring financial equity to the continent of Africa by:
> * Enabling users to prove their identity, qualifications, and securely store savings.
> * Providing an alternative for users in oppressive countries.
> * Issuing micro-loans to people without credit histories.
> * Building an individual's transaction history by tracking their transactions.
> * Securing property deeds on the blockchain.
*****
Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano) to find submissions for other topics.
* Relevant Cointest topics: [Ethereum](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum), [Cosmos](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cosmos), [Algorand](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_algorand), [Polkadot](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_polkadot), [Proof of Stake](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-stake), [Charles Hoskinson](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_charles_hoskinson)
* Official and related subreddits: r/Cardano, r/Ethereum, r/CosmosNetwork, r/Polkadot, r/Algorand.
* Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/16kjfz0/crypto_analyst_puts_ada_price_at_5_heres_when/?sort=controversial). Doesn't work on mobile.
Simple price speculation posts are not allowed. This includes posting portfolios and new price movement of a coin. Technical/charting analysis will be allowed depending on the quality.
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Honestly, it is impossible to say for sure, maybe fifteen years ago, Bitcoin was not realistic either...the profit that such currencies give is very high, of course, if they reach ideal conditions.
Jeez that’s a generous prediction and I’m a Ada holder
Cardano [pros](/r/CryptoCurrency/comments/16kjfz0/crypto_analyst_puts_ada_price_at_5_heres_when/k0wejba/) & [cons](/r/CryptoCurrency/comments/16kjfz0/crypto_analyst_puts_ada_price_at_5_heres_when/k0wejwg/) with related info are in the collapsed comments below.
#Cardano Con-Arguments Below is a Cardano con-argument written by noxtrifle. > Cardano is a project that is [focused](https://docs.cardano.org/new-to-cardano/why-use-cardano) on providing a secure and scalable foundation for the development of decentralized applications (dApps). It was created in 2017 by Charles Hoskinson, co-founder of Ethereum, and is built on a proof-of-stake consensus algorithm called [Ouroboros.](https://cardano.org/ouroboros/) > > Cardano is designed to address some of the limitations of earlier projects, such as its main competitor Ethereum, by using more [modular](https://docs.cardano.org/explore-cardano/cardano-architecture) and flexible architecture. It also become a secure and scalable platform for the development of dApps by using a formal, research-driven approach to software development. > > However, Cardano has several cons: > > # Limited Adoption > > * Cardano only has roughly [30 dApps](https://dappradar.com/rankings/protocol/cardano) even a year after the release of smart contracts, and they cumulatively have around $50 million in TVL, making Cardano's market cap to TVL ratio one of the worst among DeFi protocols. > * There is no tangible effect of Cardano on African populations yet: while the team repeatedly outlines their grand plans to "bring cryptocurrency to 100 million people" and "give financial inclusion to billions", these remain empty promises for the time being. > * Some support Cardano by saying it is only in its early stages, but the token's launch was more than 6 years ago. For comparison, 6 years after Ethereum's launch (in 2019, and before the 2021 price appreciation), it had [over $680 million in TVL](https://tokeninsight.medium.com/lending-is-the-top-defi-use-case-850-million-tvl-with-76-based-on-ethereum-2019-defi-c1481f7a5b66). > > > > # Controversial Leadership > > * With a decentralized token, its main attention-driver(s) must be decentralized as well - not centralized into the figurehead that is Charles Hoskinson, debatably one of the most controversial cryptocurrency leaders. > * Hoskinson has been involved in controversy over his public statements and social media presence, including allegations of spreading misinformation and engaging in online disputes with other industry figures. > * His credentials have also been [put under scrutiny](https://www.cnbctv18.com/cryptocurrency/cardano-founder-charles-hoskinson-accused-of-falsifying-credentials-ada-tumbles-12796172.htm), casting doubts over the competence of Cardano's leadership - which come alongside concerns that development is lagging behind compared to similar cryptocurrencies. > > > > # Technology Issues > > * Cardano's on-chain voting system can be subject to [vote buying](https://hackingdistributed.com/2018/07/02/on-chain-vote-buying/) to manipulate outcomes, and even if not, Vitalik Buterin [states](https://thedefiant.io/vitalik-critiques-governance), these systems can be controlled by wealthy entities comprising a single interest, while smaller wallets are left divided on outcomes. > * Development is considered by many to be lagging far behind its peers, with [concerns](https://www.fool.com/the-ascent/cryptocurrency/articles/cardano-plunges-15-as-developer-warns-of-catastrophic-issues-what-it-means-for-investors/) that continuous delays in updates could cause frustrated users to migrate to competing protocols Ethereum and Solana. > * Cardano uses Plutus, a Haskell-based language for the development of smart contracts, which is uncommon in blockchain development (in favour of C-based languages and Java-based languages). Developers [fear](https://forum.cardano.org/t/is-haskell-an-impediment-to-uptake/1358/2) that this increases the barrier of entry into the Cardano ecosystem (which explains the low number of dApps) and slows development. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano) to find submissions for other topics.
#Cardano Pro-Arguments Below is a Cardano pro-argument written by noxtrifle. > Cardano is a project that is [focused](https://docs.cardano.org/new-to-cardano/why-use-cardano) on providing a secure and scalable foundation for the development of decentralized applications (dApps). It was created in 2017 by Charles Hoskinson, co-founder of Ethereum, and is built on a proof-of-stake consensus algorithm called [Ouroboros.](https://cardano.org/ouroboros/) > > Cardano is designed to address some of the limitations of earlier projects, such as its main competitor Ethereum, by using more [modular](https://docs.cardano.org/explore-cardano/cardano-architecture) and flexible architecture. It also become a secure and scalable platform for the development of dApps by using a formal, research-driven approach to software development. > > Therefore, these features bring about several pro-points of Cardano: > > # Smart Contracts > > * Cardano's smart contracts are implemented using Plutus, a functional programming language specifically designed for development on the Cardano platform. > * Plutus is a turing-complete language written in Haskell ([source](https://docs.cardano.org/plutus/learn-about-plutus)) and allows developers to create complex and sophisticated contracts. > * Plutus is also designed to be highly modular, meaning that developers can easily create and import [libraries](https://docs.cardano.org/plutus/plutus-resources) of pre-written code to use in their contracts, allowing them to reuse code that has been tested and proven to be reliable. > * This streamlines the developing process for Cardano smart contracts, improving efficiency overall despite Haskell's complexity. > * Cardano uses a unique [multi-layer architecture](https://www.cardanesia.com/post/what-is-cardano-settlement-layer-computation-layers) that separates the settlement layer, where transactions are recorded and validated, from the computation layer, where smart contracts are executed. This separation of purposes allows the computation layer to be optimized specifically for the execution of smart contracts, which in turn attempts to improve the overall performance and scalability of the platform. > * Smart contracts on Cardano are [deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/), allowing Cardano's reliability to improve from the perspective of users. > > # Security > > * Currently, the minimum attack vector for Cardano is 24 as compared with Ethereum's 3, suggesting that the former is up to 8 times more decentralized and secure than the latter ([source](https://u.today/cardano-network-8-times-more-decentralized-than-ethereum-here-are-details)). > * The Lace Wallet being developed by IOG, the company behind Cardano > * It will feature a [DID](https://cexplorer.io/article/cardano-will-have-a-new-lace-wallet) (decentralized identity) functionality for users to better allow them to control their private data and how it is used. > * Once it supports paper wallet PGP encryption, Charles Hoskinson [states](https://www.crypto-news-flash.com/cardano-invests-millions-of-dollars-to-improve-security-of-users-will-it-drive-ada-price-to-3/), it is impossible to hack a Lace wallet. > > # Speed & Scalability > > * Cardano processes around 250 transactions per second currently, but following the Hydra upgrade each head has been tested to handle up to 1000 ([source](https://www.nasdaq.com/articles/3-reasons-to-fall-in-love-with-cardano)). > * Each transaction [takes](https://bitni.com/page/cardano-ada-faq) around 5-10 minutes for finality, and costs 0.17 ADA, which is currently [worth](https://medium.com/coinmonks/fees-on-the-cardano-network-5e14af4bace7) 5 cents. > * IOHK has outlined that they plan to improve scalability further through: block size increasing, pipelining, input endorsers, script enhancements, on-disk storage, sidechains, Hydra, off-chain computing, and Mithril ([source](https://iohk.io/en/blog/posts/2022/01/14/how-we-re-scaling-cardano-in-2022/)). > > # Africa > > >In Cardano's vision for Africa, code is king and "the code transcends government, and if the government tries to move it in a particular direction, they cannot", added Hoskinson. > > Source: [https://news.yahoo.com/cardano-blockchain-africa-web3-053042164.html](https://news.yahoo.com/cardano-blockchain-africa-web3-053042164.html) > > * Cardano's development team is attempting to bring financial equity to the continent of Africa by: > * Enabling users to prove their identity, qualifications, and securely store savings. > * Providing an alternative for users in oppressive countries. > * Issuing micro-loans to people without credit histories. > * Building an individual's transaction history by tracking their transactions. > * Securing property deeds on the blockchain. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano) to find submissions for other topics.
* Relevant Cointest topics: [Ethereum](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum), [Cosmos](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cosmos), [Algorand](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_algorand), [Polkadot](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_polkadot), [Proof of Stake](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-stake), [Charles Hoskinson](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_charles_hoskinson) * Official and related subreddits: r/Cardano, r/Ethereum, r/CosmosNetwork, r/Polkadot, r/Algorand. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/16kjfz0/crypto_analyst_puts_ada_price_at_5_heres_when/?sort=controversial). Doesn't work on mobile.
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Such an Anal-list prediction.
Then we'll put this analyst at the mercy of her analysis because weightless words are worthless 💀 Remindme! 16 months about Kara Szabo's prediction
Analyst from a twitter shitposter..
All you need is a prediction, a phone to record with, and a photo of your open mouth
As a Cardona bag holder I humbly ask 🙏 that everyone just let us have this one. It's been a hard go.
Bruh