I really don't understand how Cardano has such a high valuation when they don't even have a product.
Don't get me wrong I love the project and what they are doing. I just don't see how it can be a possible ETH killer when it's just a whitepaper ICO at this point. Hopefully they have more development this year. I would love to invest but I'm just high skeptical at this point.
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You have a point right there , of all the frameworks until now only Ethereum and Neo have viable products running on the platform. In my opinion Cardano will eventually become big because of the engineering team behind it . Maybe thats not a strong reason to invest in it for now but as you said we are going to see a lot more development on it this year.
Thank you for your comment
The team behind a coin is extremely important (of course community, idea, competitiveness,... too). They need to improve for sure but just give them time and we will see how it will turn out.
So, I share your statement here.
Dear feral-fractals7,
You are right, but ada is just on its way up and of course it needs to solve a lot of problems to gain "real value". It is speculative but the team,... is lit and if you trust the whole idea and so on then you presumably should invest. Does not need to be a fortune but just a little support - maybe.
Yours truly,
Gandalf The White