$2.70 would be price parity for Cardano
with BTC trading at $5,800.00.
Cardano is only a 100x candidate.
Of course, in order to accept that relative comparison,
you’ve got to believe that Cardano is just as good as BTC.
And if you think it is even better than BTC?
This Charles Hoskinson IOHK project introducing the world’s “first proof of stake protocol that has mathematically been shown to be provably secure”, aka Ouroboros, is the most “conservative” member of my big 4, quite ironically since it is a very recent upstart, but that also gives it a state-of-the-art foundation, so not all bad simply because it’s new. 😃
You can only imagine how much I think ADA is worth.
This is one that could easily trade above fair value. 😎
Here’s a couple of nice jumping on points:
https://iohk.io/blog/why-we-are-building-cardano/
https://iohk.io/projects/cardano/
https://www.cardanohub.org/
I have to give you credit @cryptographic.
You sure are coming up with some obscure ones of late. The last two I never heard of.
Well, you give me plenty of homework to do.
By the way, I am getting a bit more excited about Bitshares...will probably add another small position this week.
Great to hear it! Will be eagerly awaiting your observations!
From what I can garner so far, it seems like Bitshares is going after the stock markets, the currency markets, the commodity markets and the entire banking system.
I really like the MPA idea which is their smartcoins. This stability provides a foundation for the UIAs that are issued.
Basically, it seems like Bitshares seeks to totally overhaul the financial system.
One question if you know: is MUSE part of bitshares or just on the blockchain?
It is a new model of finance...
Yes, I agree, yes, and I really don't know anything about MUSE. 😕
It is a way for musicians to "copyright" their music via the blockchain.
It is listed on the bitshares website but there is a Muse coin. I think it was built on the BTS blockchain but is a different animal.
Yeah, I found this in muse: https://steemit.com/muse/@cob/muse-project-status-update-action-soon-required
Looking a little dead here on Steemit.
On BitShares Forum it looks rather dead too.
Their website link on coinmarketcap redirects to PeerTracks and that looks pretty dead as well.
Let me know if you come up with anything else.
I will keep researching and seeing what I can uncover...they go really in depth in their stuff.
Nobody can accuse them of putting together lame white papers.
https://www.forbes.com/sites/rogeraitken/2016/01/23/muse-leveraging-blockchain-technology-to-revolutionize-music-industry/#3368a9b92418
great conecept cardano is an amazing coin its the ether killer thanks for sharing
@cryptographic,
I heard about ADA but today I got an idea how much it might be worth when comparing to BTC market supply! Actually I never did such kind of analysis before! If I am not mistaken this is the perfect analyzing methodology before investing on any kind of crypto currency!
I have two requests to you! Please be kind enough to write a review about LTC and XRP! I am little stucked with those coins :/
Cheers~
Litcoin has a 4:1 total supply ratio with BTC. With BTC at $5,800, LTC should trade at $1,450. That means it's roughly a 30 to 1 return on investment candidate.
Ripple has ~1,691 more total supply than BTC = fair value at $3.16 with BTC at $5,800, making it just slighly better than a 15x candidate.
Of course, this is just a baseline method to get a general idea, but there are a multitud of other factors to consider, just like in the cases of STEEM, BTS and SYS there are genuine business also afoot, there are negatives to also consider like that of being a simple passive cryptocurrency operating in the perhaps shortening shadow of Bitcoin, as in the case of LTC. Nevertheless, like you say - and I obviously agree - it is a perfect way to set the big picture up. Thanks for the feedback!
@cryptographic , agreed about steem, bts and sys. ltc is a big candidate too since it is a bit more known as this 3 for now. upvoted. @gold84
By the way have not heard from you on the latest posts of buying opportunities.
@cryptographic,
Thank you very much friend this is very useful thing before buy any kind of coin!
Yeah you are very true! STEEM, BTS and SYS seems good projects! I think it's time to sell my XRP base and move to STEEM or BTS!
Great analysis friend! Hope to hear more about this technique from you!
Cheers~
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Have not really heard about the Coin but it does seems promising .I do like the idea of your recent posts.Keep on going at it buddy
Nice Updates ,Thanks for that
My pleasure, and thanks for your comments!
cardano looks a great buy :)
It's a sweet one. 😋
BTW, was thinking you might like this. ;-)
https://steemit.com/emojis/@blueorgy/steemit-emojis-master-list
pretty cool that post was :D champion ❣
@cryptographic this one was out of my research, although I started to see it on the top cryptos. thanks for sharing this analysis. Have you seen how EOS has been climbing to double its price from 3 days ago, at the same time bitcoin is climbing. Bitshares has climbes too today. Many of the alts are really suffering for this. Upvoted. @gold84
Thanks for the information and useful
Thanks @cryptographic
Have a nice day
Great information about Cardano and valuable links you posted study more about Cardano. Dear sir @cryptographic. I need more infomation about this. is this crypto module? What`s the markets Cardano use? Finding some good stuff on that one.
What a remarkable post about cardano. If cardano most of used huge trade market, how will invest there law mileage users? That is a constancy or not? I need your answer sir..bcz i have no idea for cardano
thanks for info
I read somewhere that cardano is a scam.
Bitcoin is king......,,,,,,
bitcoin is real hero coine
And now Cardano is rocketing, and bitcoin had a hard crash... :)
This math isn't really correct if you dig deeper. Sure there are a ton more coins, BUT Cardano only goes back 6 decimal points so they aren't nearly THAT far apart. Right now specifically there is about 1500x more ADA than BTC, but when you consider the decimal points as part of the overall pieces of value of the coins there is about a 15x difference between BTC & ADA. If ADA is a true 3.0 coin its value is well over $2.70.
I'd definitely take the over all day on this estimate & I did at ~.35 (& hitting myself for not getting in on it sooner, but I was playing around & having fun). I think if ADA turns into a shitcoin it'll be double digits & if it becomes the next ETH it'll be 4 digits.
Great start to what I hope to be a rewarding conversation for both of us.
If we compare with ETH, (and I do think ADA will become the next ETH, and perhaps even replace it altogether), total ADA supply is more than 322 times that of ETH, which, at current prices, would put a $2.95 ADA price at par with ETH. Even if we subtract the little over 5 billion from its total supply and go with current supply, ADA would be at par at $3.53. I think ADA is a true 3.0 coin, but the supply is what it is. Of course, it could become overvalued to reflect that possibility. On the other hand, one could argue that ETH should be valued 3 1/2 times more in order to be at par with BTC. Remember, BTC was at $5,800 when I wrote this post . . . so we could extrapolate a current fair value of ETH at $3,321.00 and of ADA at $12.35 or so . . . and, again, it could become overvalued as well. I don't know about triple digits though. That would almost put it on the modern industrialized currency level. Not saying that can't happen. Somewhere along the line somebody will do it, so why not Cardano?
Do Cardano even have a working product yet?
Who really does thats been tested much by consumers? I mean this crypto thing is largely a market full of McDonalds like food joints that have a great playground for kids & nice pics of the food on the menu but like 3 people come in each day. None of these coins have been all that battle tested & none have transitioned at all to the average persons daily life yet in nearly the way they will eventually.
This whole marketplace is on speculation overload & always has been & will be for quite awhile longer as best as I can tell. If you don't think if 20% of the world population started using all these coins tomorrow that 90%+ of them wouldn't crash & burn & go to 3 satoshis with all the problems that'd arise or popped up out of the blue you're being unrealistic.
This whole market is still based on ideas & potential & its not even gotten to the part where aligning with the right people outside of the crypto world to better acquire mass adoption is on the radar & is happening daily. There are levels to everything & we are still at step 1 on the ladder as a marketplace forget specific coins.
Likewise brother.
I still say you are discounting the pieces of value of the coin vs the number of coins. ADA only goes back to 6 decimal points. So the conversion rate isn't really 322x one could argue. There is more value stored into less coin with ADA thus it'd be more like 3.2x difference. Its not THAT great of a difference.
And this whole crypto thing is crazy & is gonna be crazier so get ready with the "modern industrialized currency level". I mean look at it already. Its already nearly a trillion dollars of "made up internet money" in the opinion of most of the world. There is a coin called "Bunny Coin" ffs lol. It has a website that looks like my smart 10 year cousin made it in less than an hour thats got a $5M market cap. This whole sphere is game changing long term.