RE: What’s Cardano (ADA) really worth?
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.