Cardano ADA - The fair value of ADA

There are some of the critiques levied at ADA that is Ethereum competitor and fifth largest project in the space by market cap.

Cardano is worth around give or take a few billion… with almost no functional applications currently built on the chain. The main use case for Cardano right now is staking…

Cardano may be riding pretty high on hype versus actual demand for the token based on utility and necessity by developers and users.

Just because Cardano is overvalued right now does not mean that the price is going to go down dramatically. In fact quite the opposite is going to happen. The higher the market cap the more serious of an investment it is in the eyes of many investor

Based on Cardano’s roadmap, its smart contract capability remains under development.
Cardano want to build the best possible blockchain. So, it consume much time to develop and jump to next level.

At the end of the day money flows are based on self interest. Users will go where the money is. If Cardano can deliver such an ecosystem that makes people money, users will come, developers will come.

Source: Lark Davis, The Daily HOLD