No, cardano is not overhyped. Let me explain why
Currently, there is a post on the frontpage saying that ADA is
overhyped. While the author has some points, most of them can
be countered pretty easily. Let me explain
Disclaimer: I am mainly comparing ADA to ETH in this post, and
I do not prefer one coin over the other. While I will try to be
as objective as possible, for transparency reasons I want you
to know that I hold both of them in my personal Portfolio
Let me now list all the arguments people use against Cardano
"ADA doesn't have a working product"
Actually, this isn't correct. First of all, they already have a
working POS system, which can't be said about ETH. ADA already
has a lot of strategic partnerships, for example the Ethiopian
gouvernment, which is planning to use a licenced copy of the
blockchain to store its students data.
"ADA has been in development for years!"
Yes, but so does any other crypto, ethereum is still in
development, too. This is what makes it great. A working
product is a less risky investment, but it also leads to less
potential growth. IOHK is developing cardano slowly because
they want to get it right and are backing it with research This
approach is, in my opinion, the best possible one, as it should
eliminate potential fatal errors before a full rollout.
"ADA is only big because Charles is manipulating its community!"
Charles is engaging with its community all the time, thats
right. But he isn't shilling ada. Everything he says is backed
by facts, the only thing he is doing is keeping the community
updated on the project and providing transparency in the
development process. In stark contrast to a lot of other crypto
devs, which usually have limited community engagement, Charles
is keeping the ADA community up to date, and I am thankful for
"ADA will never kill ETH"
It doesn't have to. Multiple PoS chains can coexist, that's the
point of decentralisation. Not being forced to use a certain
service by a certain company. Charles himself never said that
ADA is an eth killer, quite the opposite, he thinks ADA and ETH
I am really excited about the future of cardano because I think
it is an amazing project with lots of potential. I will keep
loading my bags with ada because I believe in it's team and
But please take everything I said with a grain of salt, I am
just a random person on the internet