I'm going to write a nice long article about how/ why Cardano is ahead of the pack. Currently sitting in at #3 in market cap for all cryptos isn't enough of a strength indicator I suppose.
More importantly, you should ignore trolls out there who (falsely) love to point out there are no DeFi projects on it. Its been proven ADA has projects, Now trolls are switching the rhetoric to "but it's not an IMPORTANT project" or "not ENOUGH projects" etc etc.... haters going to hate right?
And while you naysayers are parading about the lack of Defi Project as some weakness about Cardano, let me ask you this. When are pre-orders for a product ever considered a weakness before a product is released? When was the demand, in the form of anticipation, for anything considered a weakness? If this many people want Cardano, just for the POSSIBILITY that it can deliver, what happens when it actually delivers?
I'm not here to dole out any investing advise. So please do your own due diligence and research.
But listening to some fool[s[] yap on about the merits of DeFi projects presence, or number of DeFi projects, as some metric for a blockchain's success, adoption, or failure is nonsense. One could argue Ethereum's current crisis is BECAUSE of so many projects being built ontop of ETH. How's it a strength to have crippling transaction fees due to scaling issues?
The only thing that gives anything value, is the amount of value anyone else is willing to assign to it. Simply put - ADA's current price is ADA's current value, because there are enough people who believe it is worth the price that its trading at, AND believe its price will go further in the future. That's the definition of an investment (granted some people are in it for trading). DeFi projects present or not. Don't let some short seller whose relying on your gullibility (probably leveraged 10X to the hilt on margin) to dictate your decisions.
And don't let me either... See above disclaimer about "NOT INVESTING ADVICE."
I'm just an old grey fox whose rooting for underdog in the league.
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