I certainly do not know all the coins, but lately I have noticed two coins which seemingly out of nowhere occupy places in the top 10 of all coins: Tron and Cardano. I took a closer look at these two coins and realized that there is only an idea behind these coins and that the implementation is still a long way off. Although the intentions and technologies are described in great detail in the respective whitebooks, this does not justify a billion-dollar market capitalization for a long time.
Even in the boom times of the technology sectort in 1999/2000, there were many such companies, but I can remember that at that time most of these companies just had a market capitalization in the tens of millions. And that only because of an idea and imaginatively highly projected sales growth. Today, 18 years later, two coins together combine a market capitalization as high as that of e.g. Ford. I think the word "overvaluation" for Tron and Cardano is still an understatement.
How do you see that? Are you right or are you of the opinion that you can not compare the coin market to the technology sector in 1999/2000? I am looking forward to your comments.
They are the 2 most overhyped coins ever! People bought them only because of the low price but don't realize how huge the supply is.
Of course the coins are hyped but I think not more than other neighbors in the top 20 list. Let's take Bitcoin Cash, Litecoin, NEM etc. they all have a product ready to use but I don't know anybody who uses this coins for real.
Yes I totally agree, I think both coins are way too overhyped and I wouldn't recommend to jump in at this time. Probably should wait for a good price and timely longer correction. Unfortunatly I missed the cardano train but there is nothing to regret there are endless opportunity in this market. Thanks for sharing your insight!!!
Tnx for upvote and resteem
The both have NO WORKING PRODUCT (just great teams and promises)....
Cardano ADA- solves the scalability issues Bitcoin failed to address. TRON is another platform like steemit- just Chinese based. Read the whitepaper on TRON. tron.network to join. golos.io is a Russian mirror of Steemit. EXACTLY like steemit. I strongly suggest joing both TRON and golos.io and using Google translate to set up your account. Ive met intersting people I would have never met before, without traveling, as Im homebound, due to medical issues. Also- ALWAYS do a "reverse translate" before you send a response, as sometimes things get lost or misplaced in translation- and you may need to modify your verbage/nouns slightly to obtain the correct response or inquiry. Just copy and paste what ever your trying to understand into google, and translate it. Then do a reverse translation. Enjoy!
Wait you can get on the TRON network and actually interact right now? How? I've tried and can't figure out how it works...
I've created an account, but now I'm confused where the social platform of it is...
Everything is overvalued & overhyped. Still not terrible to buy in now and hold coins.
Agreed, which coins do you like or see as undervalued?
Undervalued, currently none. But I like Ethereum and Steem.
Same here thanks
Tron for sure, but I would add IOTA and Verge to the list of the totally overvalued coins.
Overvaluation? sure but I don't see the bubble popping anytime soon.
check out our evaluation of its short term growth, here-https://steemit.com/cardano/@cryptoprice/coin-of-the-day-ada
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If somebody need guide. I have made a buying Cardano 🚀🚀🚀🚀 step by step guide:
https://steemit.com/cardano/@karolynaz/cardano-ada-is-the-next-big-thing-in-crypto-but-how-do-i-get-cardano-coins-guide-howto
This post was resteemed by @steemvote and received a 46.72% Upvote
I don't believe you did! Cardano is a live blockchain on the open, hostile Internet, which has been successfully protecting over $20 billion in value. It's native ADA token lives there, and is accessed by its native wallet, Daedalus, which you can download and use. A look at their Github account, which is linked to from their homepage that you claim to have read, reveals they have been very active for over a year, building this project from scratch as they relentlessly march along their roadmap. While providing constant updates about their progress.
None of these things exist for TRON however. TRON appears to be just a whitepaper and a lot of nice words.