Cardano is at a point where it could explode in value at any point now. That’s because, overall market momentum is turning positive, and Cardano has some amazing fundamentals backing it up. However, even as the project gets better, FUD is growing around this project.
One common FUD that is thrown around about Cardano is that it is nothing more than scientific vaporware. This FUD usually uses lack of adoption as a validation that Cardano is nothing more than a gigantic scientific failure. But is really the case?
For the past one year, Cardano (ADA) has made tremendous progress in terms of technical development. At the moment, they are in the process of Shelley release, which will decentralize Cardano. On top of that, Emurgo, one of the organizations working on Cardano, has made huge progress in terms of incentivizing Dapps on the Cardano blockchain. So far, several projects have been funded. Interestingly, these are not just gambling Dapps as is the case with most platform blockchains, these are projects that have a real chance of competing in key industries. In essence, the whole idea that Cardano is vaporware is neither here nor there.
The other source of FUD for Cardano (ADA) is that it can’t even get its Daedalus wallet working right. The syncing issues of this wallet has created lots of FUD around this blockchain. However, this is not a good enough reason to dismiss Cardano (ADA). That’s because, anyone who has issues with this wallet can always use Yoroi, which is a light wallet. In essence, no one can seriously claim that they lacked a place to store ADA because of wallet issues. Besides Yoroi, one can store ADA in a paper wallet, or even on Trezor.
Linked to Trezor is the FUD that Cardano is yet to be integrated on Ledger Nano, yet lots of other coins have been added on it. However, like all the other FUD, Ledger integration is underway, and as per the Emurgo team, it will be ready soon enough. Speculation is rife that the announcement could be made during the Cardano summit in April. But, even if it doesn’t happen soon enough, Ledger integration has very little to do with Cardano (ADA)’s advances. It’s just a wallet, and at this point, the places to store ADA are limitless.
Clearly, no amount of FUD can hold back Cardano at this point. This is a project that has proven itself over the past year by avoiding hype, in order to focus on work. These results are now bearing fruit and Cardano is about to make waves in the market.
Once Shelley is announced, Cardano could see its value surge significantly. That’s because, investors could move to stock up on it, in anticipation of staking. There is also the upcoming Coinbase listing of Cardano (ADA). Once it gets listed, Cardano (ADA) could get a boost in volumes, and drive up prices. It’s a crypto about to breakout, with or without the FUD.