Interesting this is exactly what Ben Armstrong has to say about Cardona Ada investors in this particular video Wall Street endured a terrible year with all three major U.S stock indexes plunging into a bear Market it’s nothing compared to the struggles of the crypto space however which shed approximately 1.4 Trillion dollars worth of its market value last year and well over 2 trillion dollars following an all-time high set in November of 2021 however just as big as declines in the stock market are seen as buying opportunities sizable drawdowns in the crypto Market may represent the best time for digital Currency investors to jump on the bandwagon in a world fraught with sparse tangible data the key to recognizing ideal crypto platforms is to look for projects that can deliver true competitive advantages with more than 21 000 cryptocurrencies listed on coin market cap this search could prove to be A futile one in a world of many Alternatives there’s always one that creates real value despite the overwhelming odds and cardano Ada seems to be a suitable fit Cardona has built up its capability slowly but accurately with a system of peer review to ensure the quality of each update to the system As a result users have been able to depend on cardano’s operations without major outages cardano launch Smart contract capabilities in 2021 and this part of the curtains to allow depth development to begin this development is a very crucial step for any blockchain hoping to modify the way business is Done the network also completed a major Milestone last year which was the vassal hard Fork the hard Fork launch boosted scalability stability and the general environment for dab development and the best is of course Yet to Come software developers are working on Hydra heads and the idea is to process transactions On this mini Ledger off the main chain this will potentially increase the speed of transactions and reduce congestion according to early research each head could handle as many as 1000 transactions per second a report from the Electric Capital also confirmed that full-time monthly active developers on cardano have increased this could Support major gains for cardano moving forward now cryptocurrency still has what it takes to grow and attract users recently bitboy crypto has been spreading claims concerning the Solana blockchain’s uncertainty he claimed that the network was dead in that there might be no other way to save it he further Added that Alameda research was laundering money and brute forcing transactions every time the salon of blockchain pause unsurprisingly he made another controversial remark about on a token Ada is 75 percent bigger than Seoul he tweeted in this tweet Ben Armstrong reminded the crypto community that ADA is 75 percent larger in terms Of market capitalization value than Seoul he pointed out that ADA had almost doubled the market cap of Seoul when sharing the list of cryptocurrencies by market capitalization while Ada was in the top 10 Soul ran the chance of slipping to the 15th position behind tron’s TRX quote OMG the funniest thing About how sad the Solana fan trolls is that they make it seem like they are more relevant than cardano Ada is 75 percent bigger than Seoul let me show you a picture one project is top 10.one is get knocked off by Tron end quote bit boy crypto tweeted this attached to a Screenshot of the list of cryptocurrencies by market cap to back up his claims the YouTube crypto influencer believes that the end is imminent for Solana which had been invaded with fear uncertainty and doubt or fud for short due to his ties with the collapse FTX Empire recent reports from well-known nft projects outlining Plans to switch to ethereum have made the condition worse while supporting a chain from a user that Solana was dead bit boy crypto tweeted I’m sorry if this hurts your feelings but these are the facts more nft and crypto projects will leave Solana Solana’s main issue started in late 2022 When a strong relationship with FTX founder Sam bakeman freed caused investors to bail on it Solana has fallen even further and the crypto Market has been largely quiet with the prices remaining unattractive however the network is taking up certain leaps now moreover cardano does not need to Step on any Network’s toes to become the best its amazing potential is enough Big Boy crypto has gotten involved in cardano’s Affair a couple of times a notable one was when he engaged in discussion with the cardano founder Charles hoskinson about listing Cardona Ada on FTX at that period FTX was Seriously considering listing Ada on the spot Market but statements from Sam bakeman freed raised many conflicting expectations as a matter of fact bitboy crypto tweeted the Cardona Community should be less worried about FTX listing Ada and more concern about FTX Force liquidating all of the Ada from Voyager when it takes over Charles hoskinson also added if FTX lists Ada then my understanding is that the Ada accounts on Voyager won’t be liquidated Bim Armstrong also tweeted about cardano’s potential to flip the second generation cryptocurrency ethereum by market cap moving forward amid January’s broad-based rally and risk assets certain cryptocurrencies have definitely Benefited more than others among the leaders in terms of year-to-date gains is cardano Ada which has risen roughly 50 percent or more in the few weeks as in the case with the most recent rallies the reaction of equity investors are those focused on digital assets appear to be closely similar the relatively High correlation between the two asset classes has resulted in some profit taking in the soaring cryptocurrencies investors also seem to be pricing in some token specific negatives that have largely been shrugging off recently for instance Cardona experienced some sort of network issues last week approximately half of the nose on the Network disconnected briefly before gradually coming back online initially this led to Cheers from investors who committed the resiliency of the cardano network but concerns about downtime could be a headwind for this token if another shutdown should occur Cardona is not the only victim of these disruptions though the macro environment facing Crypto investors features the same factors and headwinds that Equity investors have been combating recently with a closer look at this situation it is easy to decide that the regulatory environment surrounding digital assets appears to be evolving although not in the favor of investors on a positive note the bullish sentiment In the stock market which started this year has spread out to more speculative assets and this has been great for cryptocurrency holders the recent dips are not the first of 2023 and they will certainly not be the last with the overall crypto market cap surpassing the one trillion dollar level Once again many investors are certainly taking a risk on approach to assets to start the year since last November the Cardona Community has been eagerly waiting for the arrival of a new stablecoin right now all indications point to Cardona finally launching the new stable coin Known as jid in the last week of January of course this is big news for cardano for cardano this new stable coin represents more than just new product launch it is a crucial step a bold new strategy based on decentralized finance and just as you know is one of the most Important niches of the blockchain world from a general perspective stable coins are extraordinarily important as a way of transferring value across different blockchains they also help provide liquidity and stability once cardano’s stable coin goes live it could immediately lead to an improvement in one of the key metrics used to evaluate Cryptocurrencies which is the total value locked currently when it comes to TVO cardano ranks number 27 out of all layer 1 blockchains and compared to others this is definitely a disappointing performance however when the tvl begins to rise cardano would look attractive to investors before 2022 investors might not have considered some Vital details however as what we saw with the case of the failed Terra Luna stablecoin a stable coin can lose its Peg to the dollar when that happens things could flow flip and an entire blockchain will tumble so if there was a worst case scenario if Jed ever loses His Peg to the US dollar it might have the horrendous consequence of pulling down Cardona with it and now there is some kind of concern which people choose to call it foot or fear uncertainty and doubt about whether Cardona as a relatively young cryptocurrency is prepared for a stable coin of course Cardano is still new to the defy game having launched smart contracts in just September of 2021 but the fears are quite reasonable but there is always something you should remember cardano has an impressive track record a track record appear reviewed rigorously tested upgrades to its blockchain So many of these fears may just be uncalled for if this new stable coin launches as planned it could provide a huge boost to cardano’s long-term value and then bit boy crypto’s prediction about cardano’s surpassing ethereum could finally come to fruition but of course what are your thoughts on This let us know in the comment section below we’ll see you in the next video but before then check out other videos to find out how Cordon is living up to the dream of being the ethereum Killer and as always make sure you click on the Subscribe and notification buttons Bitboy Crypto Just Revealed That Cardano ADA Will Reach THIS Price In 2023! In this video, Cardano (ADA) is discussed.See the ADA News, what Cardano ADA is, and how you can become rich with Cardano (ADA).Cardano is a public blockchain platform.It is open-source and decentralized, with consensus achieved using proof of stake.It can facilitate peer-to-peer transactions with its internal cryptocurrency ADA.Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson.
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