Hello, dear redditors,
As most of you, I myself was surprised by huge price surge of Cardano. I did a bit of research of Cardano a realized there is nothing groundbreaking and above all project is in its infancy and all promised features are "quite" far away. So I was asking why is there this super crazy surge of the price?
First of all, i need to say that I am super confused - if you check coinmarketcap than you see that volume for last 24 hours is about 1 billion. At the same time price surged about 8 billion dollars - it made me think that everything I think about volume might be wrong - but can anyone here clarify how is this even possible?
I have nothing against Cardano and from what I saw its viable project. But there are a lot of projects with similar potential and with much more to show off.
I cam to the conclusion that this is actually a huge market manipulation cause I can't see any other way why Cardano is so successful. This means that a lot of people who invested in Cardano lately might lose all the money. I might be wrong but it should be discussed here at least for sake of investors and to get some more info.
Thank you and pls share your thoughts:)
EDIT: According to their roadmap, there are currently only centralized tokens and decentralization will happen during Q2 of 2018. Smart contracts which are the killer feature for Cardano according to their website have no specific information about release date. Check out the roadmap - http://ift.tt/2ljMTs2
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