ADA Reddit Mentions | ChartExchange

I’ve held for 5 years, and for the first time during those 5 years, my conviction started to wane during the last couple of weeks. Not in the tech, but in whether the market was ever going to value the tech. So I did my first deep dive in quite some time on Cardano a couple of days ago with an open mind, and my conviction has never been stronger.
- the main underlying structure is complete now
- interoperability and real world application is now high priority, with the potential for ADA to be used to earn yield on bitcoin - which would be a huge attractor to both bitcoin and a huge catalyst for ADA demand from retail investors all the way to large bag holding institutions and treasury companies.
- oracles are essential for integration of crypto tech use cases into real world data, and it looks as though Cardano is leaning towards interoperability/ partnership with chainlink or one of their competitors instead of building from scratch, which I think is a good thing as we don’t have the time to fiddle with that, and we wouldn’t have the oracles reputation that chainlink has
- midnight will start thawing in just a few weeks - and it’s random release will hopefully prevent a pump and dump scenario. Midnight has the potential to help all kinds of businesses, basically any business that stores customer data and/or processes transactions (ie every business) through zero proof transactions. All of the cyber crime and money being poured into cyber defence, it’s quite feasible with a bit of publicity, some regulatory clarity and a proof of concept that this could really take off. This would again fuel demand for ADA itself
- the clarity act should make its way through in the next month or two, it’s only a matter of time before US gov opens up again, and jobs data etc. starts being released again- this will have a risk-on effect in general
- possibly the most bullish thing I read the other night is that Charles, who used to get visibly angry any time anyone asked about progress speed or token prices, has been acknowledging the need to pick up the pace now that the basics are largely built, and he’s started to talk about pricing forecasts- I don’t put any stock in his pricing forecasts, but the fact he is recognising these 2 key community concerns is in my opinion super bullish, it means we’re finally being led by someone who’s goals align with most of ours.
I’ve been holding and accumulating since the beginning of 2021, I was up about 30% somewhere in 2021 before spending most of 2022-2024 down around 50%. In December last year after some heavy 2022-2023 accumulation I was up over 200% despite some expensive $2+ buys in 2021. I’m currently up 1.5%, so I feel the pain as well, but after my updated reading the other night, I’m sticking around - and I do believe there is real utility coming, or at least a favourable risk/ reward ratio of real utility coming

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