BITTREX:ADABTC   Cardano / Bitcoin
1304 3
ADA's performance has been very disappointing in general. And right now I don't see it creating much of an uptrend in the future. The lack of progress of the Cardano team to produce any kind of product is matched clearly in the price action by the shattering of inflated expectations and inability to resist the obvious slump to the bottom.

I know Hoskinson has said ADA is a long-term project that is deeply immersed in R&D and that may be true, but as I have pointed out without a product or solution you have no sustainable business model and without that you have price action like that shown here.

ADA in my opinion will go back to the bottom regardless of whether BTC recovers or plunges and I wonder if the Gartner Hype Cycle is even relevant; perhaps their is no slope of enlightenment or plateau of productivity for ADA! it has been suggested that for tech assets like cryptos, these hype cycles occur in series as fractals along an exponential curve, well unlike BTC many alts have such a low growth factor in their exponents such that their fundamental curve is more or less a flat line. However if the R&D that Cardano claims is genuine, I do think this one has a chance to survive the coming wipe out of shit coins.

One step at a time, but I think the blood letting will continue much longer for ADABTC , yet down the road, one or two years? If you really believe in the project then the bottom is always the best place to buy!

Jan 2018 chart
Mar 15
Comment: At the end of 2017, Gartner moved blockchain technologies past the peak of inflated expectations on it's Gartner Hype Cycle of Emerging Technologies, but still say maturity is 5 to 10 years away.

Remember blockchain technology is still very much in its infancy, if the Cardano team make good on their word they could be well-placed if their academic approach pays off.
nice article. I love the Gartner Hype Cycle of Emerging Technologies. I like to buy early or/and after the Hype before it goes into a wide market adaption. I always check the projected market growth rates. Cloud Computing was a great one.
@e.fu, Yes it's interesting. I think the next few years will have many medium to high risk opportunities for investors.
I think it very risky sell now!
+5 Reply
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