Cardano ADA Next Move? Our Action Plan Revealed

Cardano has pumped over 1100 since the Beginning of the year and we find Ourselves right now at a very Interesting price and project Development juncture in the last seven Days ada has pumped over 50 it’s even Flipped tether and binance coin bnb to Become the third largest cryptocurrency By market cap on coin market cap and a Lot of this seems to be happening in Anticipation of the alonso rollout this Is the much awaited update that will add Smart contracts and defy capabilities to Cardano this is huge because really the Alonso rollout could bring cardano up to Speed with leading d5 platforms such as Ethereum binance polygon and many others As well and it should never be forgotten That defy integration is what has Historically led to phenomenal upward Price movements for some of our favorite Projects just have a look at some of These right now alonso is expected to be Rolled out on september 12th of this Year that’s september 12 2021. could This mean that cardano is on the brink Of truly going parabolic or is it Already overbought and could we maybe Expect to see a price correction could The launch of alonso potentially face Another delay what does it all mean for The price of ada in this video i’m gonna Break it all down and let you know Exactly what you ought to prepare for

But before we deep dive allow me to Introduce myself i am maddie and we are Altcoin buzz a crypto investing research Company guys make sure you smash the Like button subscribe to altcoinbuzz and Hit the bell as well to never miss a Future video all right quick disclaimer Crypto as we all know is volatile and Just like any other investment there are Associated risks but if you are careful And if you truly understand the market Of course it can prove to be very Rewarding the key is that you must Manage your risk it’s up to you because This is not financial or investment Advice all right with that out of the Way let’s get cracking So recently ada has managed to do Something that very few altcoins do it’s Been able to establish its own rallies Its own peaks and troughs in terms of Price fluctuations that have been Relatively less dependent on bitcoin’s Price fluctuations as you can see based On the charts here versus other altcoins Ada is relatively uncorrelated to the Price of bitcoin or at least the Correlation Is much less than we typically expect to See it’s clear that over the last six Months ada has swung upward in price a Couple of times even when bitcoin has Been either consolidating or dropping Altogether now this generally happens

When an altcoin project is about to roll Out a major upgrade and for cardano it’s The alonso upgrade via a hard fork Combinator event however here’s our Insight we do not believe that alonso is The only driving force behind ada’s Recent price rallies less talked about Variables like the project catalyst and The initial stake pool offering model Are also in our opinion very much Fueling these ada price rallies But what does alonzo truly represent for Cardeno alonzo is a hard fork that once Complete will introduce smart contracts Into the cardano network it will give Developers the tools necessary to Provide more comprehensive services to Users such as defined apps nft services Crowdfunding and many more alonso’s Rollout plan has been in effect since June of 2021 and recently it entered Into a new phase alonzo purple which Represents the final stage before the Mainnet hard fork and according to the Leadership whom we take at their word The alonzo mainnet hard fork progress is On track for september 12 2021. Alonso blue has already occurred this is The phase that happened in june of 2021 Upon successful completion of the alonso Blue phase the alonso test net Successfully forked to alonso white on June 15th and now we come to alonzo Purple on august 8th cardano announced

The successful launch of alonso purple The first public cardano testnet to Support smart contracts purple Represents the third and final stage of The alonso upgrade Take a look here at cardano’s holder’s Composition by time held over 70 percent Of ada holders have a tenure somewhere Between 1 and 12 months why did so many Crypto investors suddenly get into ada Will they continue to buy ada is it Possible they’ll try to sell for profit After alonso rolls out on september 12th Before we understand how and what could Happen it’s quite important to Understand the value proposition of Alonzo and ispo In this context i’m sure many of us have Had horrible experiences with ethereum And uni swap failed transactions and Exorbitantly high fees for everyday Transfers well again with the alonzo Rollout cardana will be supporting smart Contracts On cardano the cost of executing a smart Contract post alonso’s rollout will be 51.12 cents now take a look at Ethereum’s average transaction fees Chart each transaction on the ethereum Network is costing about 6.86 Versus only 51 cents on cardano this is Huge because it means running a dap on Cardano is going to be 13 times cheaper Than doing so on ethereum

Ethereum uses an account based model as A result if a smart contract rejects a Transaction you actually still end up Paying the gas fees on the contrary with Cardano your fees will be collected only Once that particular transaction is Successfully executed this is because Cardano combines bitcoin’s utxo model With ethereum’s ability to handle smart Contracts into extended ux to or e uxto Now explaining utxo and eutxo is Definitely beyond the scope of this Video but check out the link in the Description below we have all kinds of Additional information on this topic if It’s something you’d like to learn more About so in a nutshell cardano very much Seems to be positioning itself as a Low-cost ethereum alternative just like Binance and polygon actually and we need This right now because even after the Ethereum london hard fork gas fees are Still not really falling as Substantially as some would have hoped Now cardano claims to be 21 000 times More energy efficient than bitcoin Interesting figure 21 000 but despite This claim cardano’s per transaction Energy consumption Is actually pretty close to 0.5 kilowatt Hours and this is not low enough to make Cardano a so-called green cryptocurrency However this may change with the alonzo Upgrade you may recall but recently when

Elon musk made a big stink about energy Consumption and green cryptocurrencies And mining cardano is actually one of The few coins that got a bump and that Occurred at a time when the rest of the Market was crashing precipitously so do You think it’s possible that elon musk Could add cardano and ada to his Portfolio again if the energy Consumption per transaction drops Significantly post alonso’s rollout Should this happen i think it’s safe to Say that ada’s price is going to Skyrocket but alas we leave that to mr Musk to decide A couple of months ago on a cardano 360 Episode it was announced that around the Time of the alonzo hard fork so we’re Talking september 2021 basic language Support for a couple of very popular Programming languages can be expected This means any developer would be able To build dapps on cardano and with more Dapps cardano’s ecosystem will flourish Further more ada will be staked and more Ada will be utilized and along with all The other variables we’ve been Discussing this could also lead to a Price pump for ada or at least Contribute to one at the time of this Recording we’ve not yet seen any Official updates regarding the support Of programming languages is it possible That we missed some of these updates

Comment below guys and let us know if That is indeed the case Alonso is not the final destination for Cardeno in fact it’s actually just going To mark the completion of the gogan era Which is dedicated to smart contracts And the gogen era will be followed by Basho and then by voltaire basho Represents the era of cardano Optimization scalability and Interoperability will be the focus which Will be achieved with the introduction Of side chains and with a second layer Solution known as hydra now cardano’s Tps or transactions per second is a Metric that has been challenged time and Time again and according to some basic Calculations cardano’s tps right now Sits at about seven that’s seven Transactions per second which Actually is a number that is shockingly Low hydra is expected to theoretically Boost cardano’s tps all the way to 1 Million that’s 1 million transactions Per second For context that’s about double the Current capacity of visa’s card network And hydra is already in an advanced State of development While the team is working hard on Scalability and interoperability a lot Of work is also simultaneously being Done to prepare for the voltaire era Which aims to position cardano as a

Fully decentralized network it’s going To introduce a voting and treasury System network participants will be able To use their stake and voting rights to Influence the future development of the Network Interestingly project catalyst is Working on a great tool to bring in more Developers to cardano once alonzo is Successfully ruled out do you think Project catalyst is going to be integral In helping cardano beat out other defy Heavyweights such as ethereum polygon And binance let us know your thoughts About that in the comments below With d5 for cardano being so close Initial stake pool offerings or isp On cardano are really starting to heat Up what exactly are ispos how are they Helping cardano and ultimately what does This mean for the price of ada the Initial stake pool offering model is a New way for ada investors and the ada Community to provide financial support For a product’s development but the Value proposition for ada holders is Even more interesting the ada holders Can stake their ada in the stake pools Of development projects and can earn Normal ada staking rewards plus the Airdrops of the projects that are Building on cardeno as is evident the Projects building on cardano and ada Holders are together exploring ispo for

Fundraising and reward generation Respectively this has further encouraged Ada staking leading to 72 percent of ada Being staked and as a result a serious Ada supply squeeze is building that’s Another factor which seems to be Contributing to the price rally have you Been staking 88 in any ispos if so let Us know which ones and which are your Favorites in the comments below Check out the image did you read the Title here let’s uh zoom into the date Shocked well this is true this is not The first time cardano has launched its Smart contract test net the team had Been working on its test net in 2018 but Really since then it’s been shifting the Goal posts despite a well-structured Road map and phase updates that the Network promised once again we’re seeing Questions as to whether or not alonzo Will be ready for september 12th are They going to deliver at that time or Are we going to see further delays Smart contracts for cardano will need to Be written in plutus a smart contract Language using haskell programming this Could be a potential deterrent in Adoption of cardano smart contracts as Very few developers are likely to be Acquainted with haskell The success of binance smart chain was Largely driven by the fact that it was Evm compatible this means that ethereum

Developers could easily port their apps From ethereum over to bsc but this is Not the case with cardano according to The official blog post cardano’s Solidity compatible evm is still in its Testing phase and as a result cardano May not necessarily benefit from Ethereum’s buzzing defy ecosystem this Means that cardano’s defy ecosystem may Not flourish to the same extent that we Saw with binance smart chain and polygon However the team is building an erc20 Converter and this would allow ethereum Tokens to run on cardano’s Proof-of-stake blockchain in fact for Occam finance the eth ada bidirectional Bridge is already live and such bridges Are important to provide adequate Liquidity to the pools this will enable Ethereum users to fund projects building On the cardano blockchain and seamlessly Move liquidity from ethereum to the Cardano ecosystem Exciting times for cardano indeed here Are some of the potential killer dabs Currently being built on cardano cardano Kids the first nft platform on cardeno Akamfi launchpad dex and dao being built On cardeno legity private banking on Cardano liquid a liquidity protocol Built on cardano minswap multiple Decentralized exchange built on cardano Irrespective of all the delays all the Controversies and the associated risks

Cardano is a project that’s been Steadily building itself up across Multiple phases and all of this has been Based on ground-breaking research and According to charles hoskinson after Major rollouts like the shelley and the Mary hard forks the team’s rollout Process has matured and so they don’t Expect any delays this time with alonso And if everything goes according to Schedule then ada is expected to rally Until september 12th and after that to Be fair it may experience a short-term Dip but we at altcoin buzz of course are In it for the long term so even if there Is a correction or a dip after september 12th we’re simply just going to look at That as another buying opportunity not Financial advice but right now i’m Speaking on behalf of the team we are Holding our ada bags and looking to add More where possible a year ago we were Joined by the man himself charles Hoskinson in an exclusive altcoin buzz Spotlight interview check out that link In the description below you can also See the video which should be popping up Right about now you should definitely Also check out our video about 10 Reasons why we believe ada is the future Guys if you enjoyed our deep research Into cardano if you like our perspective On ada’s price potential don’t forget to Like and subscribe to altcoinbuzz hit

The bell as well to receive Notifications best of luck if you choose To invest and as always we hope to see You again soon in our next video Take care