@colinbaer1022 cardano has over 80% more tokens now than it did last cycle. That's almost twice as many tokens as last cycle and more are created every day. For it to hit its all time high again it would need 80% more money to get it there or a 80% higher market cap than last time. Based on market cap divided by daily active users I would say it's already highly OVER VALUED and it's not likely to hit all time highs again. I owned a lot of cardano from the last cycle and in Sept 2023 and traded it ALL for SOL and couldn't be happier. It's probably a safe bet SOL will continue to out perform ADA, even if you sell half into SOL I really don't think you'll regret it. Take this as you will but im very glad I got rid of my ADA. I believed all the hype last cycle that it was going to be an ETH killer etc etc but it hasn't played out and isn't likely to. That being said, sure I could be wrong but right now SOL is a much safer bet, especially with fire dancer coming. Cardano has nothing that can compete with fire dancer. Good luck and be safe! Happy bull!
Forbes is probably not the pest place to get information, but a lot of these coin are rubbish . I have one which has gave me good profit. I knew when I got into it, there a possibility it could go either way but worth the risk.
Exactly 10 years ago, Forbes called Bitcoin the “MySpace of money“ and said it is “destined to die“, back then the price was just $100 and the rest is history. 🤣🤣🤣
Yes it's interesting. This can be viewed two ways. Either opportunity or viewed negatively. When a technology has problems that can often be the best time to buy. But you have to understand the vision and roadmap. How will they scale to get more tps or adoption? What's the plan? Once all problems are solved, it will be too late to buy. The same can be said with companies like Apple, Amazon. The time to get in was when they had many challenges. Tech is not easy, it can take a decade or two, especially with foundational tech like Layer 1s. Scalability is often the last part of any technology to occur. I worked in IT as a developer for 20 years and scalability is really hard. Make it work first and reliable. Scale later.
@investanswers hi, how does Solana look in comparison to all those displayed. It would be nice to highlight that one to show the difference between a zombie and an active one like Solana. Thoughts???
Forbes magazine isn’t worth the toilet paper it’s written on😂😂😂 Despite that, so many crypto shows have discussed this piece this week. I appreciate your thorough breakdown of their claim.
A popular Cardano channel is telling Ada holders to ‘get ready for mega rally’. I owned Ada from 2017 to 2023. Wish I had a nickel for every time I heard predictions like this for Cardano.
I know who you are talking about too lol, sux because he has been fairly honest and accurate about the rest of the crypto market I feel. However I had to throw in the towel on ADA as well.
Its good that Solana found a niche with meme coins but that does not mean that other platforms are "scam". Or as you say that they are, what should they do? Switch off? Oh wait, that's 'only possible on solana'
This YT channel is just as bad as other ones that just pump SOL, every other coin is a scam or a ghost chain, the problem is the YTber is drinking too much of his own cool aid. In my view SOL still has the shit stain of SBF flowing through it.
I think yours is the most appropriate reply. James is highly biased to solana. No problem in that. But he trashing other great projects for a chain which is characterized by only meme coins just disappointed me.
Internet Computer has best technology, it just needs more adoptions. Due to its network security we've seen some banks in Switzerland adopt the network.
The TPS metric is unbelievably flawed. I don't know about all of these platforms, but I know for example that what is considered 1 TX in Cardano, is actually a block of transactions. It gives a totally wrong view of actual usage.
Finally someone has pulled the curtain back and discovered the Wizard. "Lies, damned lies, and statistics", James makes numbers and graphs suit his own agenda, pump SOL as much as he can.
@@pb8238 Negative. I dont think James was aware of the multi transaction feature with ADA. He uses data the best he can. Lets face it. Cardano community could do a better job of breaking down the complexity and jargon of Cardano. Few understand ADA as they should.
James, much respect but you missed so many facts. The main one is the serious crashes by Solana including the fact its still failing weeks later in numerous wallets. Lots of errors in staking systems and dexes, etc. Like you said, there arw trade offs. But the main one should always be are you buying something at the bottom or top. There is no money to be made with a “winner” is marketcap is maxed.
1991 my first job was at 44 Wall st. I just learned a few months ago to only be in the top 1%. Whether it be Stocks or Crypto. One of the most costly lessons over my lifetime. No regrets. Remove the emotion. Trust the numbers. Listen.......... Thank you James.
ya pretty sure they declared btc "dead" a few dozen times...this guy new? Algo is partners with WEF, ok so no degen NFTs on it but they're making moves, same with ada. (not a wef fan)
I don't hold any of those thanks to you James. I had ADA and XRP but sold them for SOL a long time ago. As a suggestion, you might want to think about explaining what your acronyms mean each time you use them, or put the full version on the screen while you talk. There are a lot of newbies watching you every day and they have no idea what ATR is for example. Said with great respect and admiration 🙏
The issue with cardano is their tech is superior to just about every alt coin HOWEVER they are so slow to implement that no one wants to buy something that is going to take 10-15 to be fully built. By that time full adoption will be absorbed into other chains and they will not be able to break that.
Why did ADA win the award as best layer 1. Food for thought. Food for thought. I have seen so many forbes articles that start about one topic but then pitch to a token that someone wants to ⛽
Can you explain (with detail) why ADA is better than SOL? If you can’t, then you are letting your personal money invested influence your investment decisions
Thank you James, confirming I’m staying with the BITCOIN ECOSYSTEM! Just inserted 53 MSTR into my TFSA! I’m holding big bags of MARA,CLSK, & CORZ,& COIN. Only BITCOIN for me & my family.
I always feel the passion from James when its about fundamentals, thanks mate. I wonder if there was a couple of mistakes though. Roger V isn't the founder of SV and I dont believe STX to be a layer one. Not invested in any of this list. I remember a mate shilling me EOS in 2017, a quick bit of research on one of the founders and I passed on that
Heavy on XRP for a while, hopes and dreams but lately that decision to convert to better horses seems more and more of a good move.. such a tough decision 🤦🏼♂️
Not a tough decision. From the beginning, I saw their relationship with banks was going to limit investment profit. The banks can put their own tokens through the Ripple network 'if' they want to use Ripple, rather than buying the XRP token. Banks exist to make money, they are creating their own digital currencies and tokens to maximise ground-floor profit, not pay retail on old chains. One good move that I appreciated was that Ripple faced the first SEC lawsuit on behalf of many altcoins. Well done there. As an investor, Solana has been the best horse in the race. But DYOR. There is a good dip to buy at the moment if you're going to switch investments.
Completely agree with all of these except FTM and AR. Arweave especially seems to be doing quite well for the field that it's in. James, I know you like SHDW for file storage, but given its performance are you considering AR to be a decent hold right now? It seems to be the "fastest horse" in that sector right now.
@@johnbai4715 You're close, but not quite. Out of this list I only own AR, but I've been considering FTM... because they are good. However, a lot of the other coins mentioned like Ada, Xrp, and Algo I don't own ANYMORE... because they are bad. I dropped Algo and Xrp a while ago, but Ada I actually just got out of a few months ago after holding it since 2019. At some point you need to reevaluate, and James is right. These all seem to be coins of the past without much new progress or adoption. Cycles change, people change, and so does my portfolio. I already held all the way and all the way for once cycle. I am NOT doing that again. "Fastest horse".
I don't follow you anymore, but after seeing this I had to come back and warn your followers against listening to ANYTHING you have to say. Listening to you got many people I know wrecked. I even took some of your advice and did not do well... AVOID this guy or follow at your own risk.
And what about this argument with TVL? If the Cardano foundation locked up all their coins, ADA would have one of the largest TVL in the space. The reason for a high TVL on SOL is because all of the VC's have locked up theirs, which is more than 40% of the supply.
He carries a very high % of SOL in his bags, he even admits it. His channel is "Lies, damned lies, and statistics". Oh by the way I don't own any of the chains he says are dead or Zombies.
Fantastic!!! Loved it. It's like a breath of fresh air when someone tells it as it is. This will help those who are just getting in. Thanks for your experience James 🙏🏻
Could be a very good metric to add number of developers on a chain. Or was it left out intentionally? TVL is misleading as it can be “managed”. And how about security/decentralization and breakdowns/downtimes.
@@Gutenmorgenside He’s right SOMETIMES. Wouldn’t go beyond that. He seems to be right where it comes to his own portfolio, but as far as his long-term prognostications go, he’s been off
Tribalism to one side, it makes no sense to use previous ATH as a metric. Alts always do their parabolic moves in the final month or two. The data is irrelevant because it's so condensed in places. Being tribal, if you don't get ADA tx/ second by now, you never will.
Last year I had a lot invested in Ada. I watched a lot of your videos at the time and came to the conclusion you were a Sol maxi. I genuinely believed Sol would not outperform Ada. I have since realised my stance was wrong and noted to take your analysis as a more credible source.
High praise for james and the team...! I can truly appreciate the balls it takes to step up, own your conviction in a public space, being truly transparent, and willing to take on even the difficult topics playing devils advocate.... No doubt in your integrity, and abilities in this space...! 💙💙💙 But that being said still such a personal strength of character, and tremendous credit to the calibre of human being you are James...! I salute you! Well done...! Xoxxo Love from Australia 🇦🇺 ❤️
@InvestAnswers I understand your findings with these zombies but with Cardano being only about 3/5ths developed so far is it fair to call it a zombie? Adoption may increase significantly on completion by the devs. Also, thanks for hosting the best show on RU-vid!
thats the cash grab u mug..... ITS NEVER FINISHED, THATS WHY THEY KEEP U HOOKED!!! ADA is like a university project that ALWAYS has something in the pipeline... buy the rumour blah blah blah
Cardano has a TPT (transaction per transaction) system, not at TPS. The eUTxO model that they introduced, can have 1000 transactions in one transaction. And with Hydra coming next year, every node can transact 1000 transactions per second and with 3000 nodes, it will total 3,000,000 TPS.
ADA was 3.5 cents in May 2020 and went up to $3 in 2021. It was 95% from its previous ATH "halfway through the bullrun" as you eloquently put it. I don't see the relevance of that argument. Do people actually get fooled by that chart, James?
@@johnbai4715 SOL is complete garbage, 70% of transactions are not getting through, the chain is far too unreliable. The channel only talks about the negative aspects of other chains, as nothing is happening on SOL, well you could make about 3 or 4 videos about the positives of SOL, that's about it.
Big fan !!! I have been adding solana since 2021, what is the risk of SEC tagging ETH as security and madness that will follow all the other Alt coins including solana…… Can you shed some light on how much risk there to Solana price?
I think data is like sunlight you only use what you analyse. And if a chain has bulk of transactions with meme coins it can’t justify daily active users.
I doubt you'll look at this since it's been a couple months, but I'm wondering what do you think about Casper since they're supposed to be having smart contracts come out around September? I know there was some issue with the KRC 20 but that was really a beta so I think a lot of FUD was hyped up by people they don't actually know what bet that is. But it seems to have bumped pretty good overall and reached an all-time high since you did this video so if you happen to see this, I would be curious what you think
Yeah sorry, XRP isn’t “dead” but thanks Forbes who’s actually been funding them since day one. Once the currency revaluations begin, XRP will be utilized beyond belief as the best way for nations to trade on a level playing field.
Once you realize that outside of btc and maybe ETH that all alt coins are basically meme coins you will do well. It’s all hype and fomo. You hold and dump at the top. All alts are speculating.
I really appreciate your unbiased fact based content. I am consolidating my portfolio to a handfull of high conviction coins and todays video was great help.
Love it James, thanks! Please ignore any trolls and haters who crawl out from under their rocks. Your community loves your fact-based knowledge sharing
Fact based knowledge is a bit of a stretch. He has some pretty massive biases on some coins. its a bit cringey. on most things he seems pretty spot on though.
The key is using all the ecosystems have to offer. I multiply both holdings of SOL & ADA eco using nft, defi, etc. When we can multiply 3-4x our bags, the price comes second just wait for them to be appreciated.
TPS cannot be fast or slow. They can be low or high. A better TPS measurement would be listing how many transactions each chain can achieve per second or max TPS which a lot of times is heavily exaggerated. You could also look at data that shows the highest ever TPS. Problem with fees is that a lot of chains gouge their customers with them. Sol will also give you a few on a failed transaction. That’s a rough chain to build on.
Really like the enlightening insights and Analysis of these Blockchain/Coins , which is based on Facts rather than Cult Following. Thank You very Much for Educating the Community!
The only one of these I've got is FTM, and it's like 2% of my portfolio. Figure with the popularity Andre Cronje (ppl are always touting him for some reason) and it's upgrade coming, plus it's fairly small market cap that it was worth a small bet. Maybe I'll sell after it's upgrade or when it pumps a lot.
Appreciate the analysis, James! I got out of my XRP bag late last year and into JUP & PYTH shortly after near their lows. I've been playing in the Cardano ecosystem a fair bit and done pretty well with some Cardano Native Tokens (CNTs) like $BOOK, $SNEK & $IAG
Bro you have coins keeping bags worth of millions and billions and doing nothing .. the others are gamble coin and maybe 4-5 chains will make the difference in the future... How many devs exist out there with an undiscovered talent and somehow the big chains didn't buy them out to work for them.
It would be almost the same result, unless you have massive inflation on the coin. A coins price could stay flat, but the market cap could keep growing as more coins are mined or created.
@@chingron That's exactly the reason why market cap could be a better metric if measuring whether the chain is a zombie as it will normalise the inflation aspect of the token when performing this ATR comparison. The tokenomics of the coin may mean the price plummets but the market cap is closer to ATH indicating there's still interest in the chain. Having said that terrible inflationary tokenomics is a red flag but ATR in this case was attempting to identify zombie chains.
@@user-yr3ft9ou3l I see your point, but the same argument could be used against using market cap. Regardless of tokenomics, the price isn’t going to rise unless people are buying the token. Similarly, the price won’t drop if nobody is selling. So… if there isn’t any buying or selling and just no interest at all, then market cap could keep growing and giving a false impression that there is interest. Personally, I think price itself is a better metric, as it shows there is actual buying going on, and therefore, interest.
@@chingronpoint well made and maybe there's no ideal single metric. Digging into your comment about lack of "if there isn't buying and selling and just no interest at all then market cap could keep growing giving a false impression that there is interest" - taking trading volume into consideration could alleviate that blind spot? Some of the tokens in the list have larger trading volumes than they did last bull cycle indicating interest is not dead. All things being equal - inflating the tokens in circulation by a factor of 2 - the price equilibrium would settle 1/2 of the price of what is was before which is why I struggle with a price ATR metric. An interesting observation from the previous bull run is there are examples of alt coins coming to life *only* after the BTC halving. For example ZIL was trading around $0.005 a month after the halving (ignoring COVID dip) and eventually made an ATH of $0.25 about 12 months later - a 50x. The market cap & price looked very weak compared to it ATH at roughly this point in the bull cycle but it eventually doubled from $1.5B to $3.0B although ATH price in absolute terms hardly increased due to tokens in circulation.
Great analysis. Arguably, using quant to justify crypto investments is difficult at best and foolhardy at worst. For example, there's no way to intrinsically value SOL at 65B and the price is insane. That said, I like the attempt to put some numbers around the "zombie chains" and I made one small investment change based on the video. Thanks!
@@MrRickytuk If I remember correctly recent report showed something like 60% of computing power is wasted on spam transactions. So yes, there is activity on Solana... unfortunately majority is spam.
Thank you James for the education, you did your part, it's up to the viewers now to make the right decision. I know you don't like doing these type of videos due to the haters. Keep the education coming!!! ❤❤❤
