SOJOURN’S END The aggregation of our principled exploration of the cryptocurrency space is two collections of protocols. Respectively, a provably secure proof of stake based cryptocurrency called the Cardano Settlement Layer (CSL) and a set of protocols called the Cardano Computation Layer (CCL).
Our design emphasis is to accommodate the social aspects of cryptocurrencies, build in layers by separating the accounting of value from complex computation and address the needs of regulators within the scope of several immutable principles1. Furthermore, where it is sensible, we attempt to vet proposed protocols through peer review and check code against formal specifications.
I really like this project, but I think it's too early to get any good TA out of it. I do love me some cheap coins though; never hurts to throw a few bucks at a coin that costs a few cents. Unless you're starving. Actually you probably shouldn't be trading if you're starving.
Arelowo
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Not that I view it as an asset but with a large amount of tokens can cause high selling pressure. The buying right now is pretty high so it can take the wave of token selling.
Arelowo
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Are you saying your going long until $100 dollars?
UnknownUnicorn1084844
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@Arelowo, take a closer look at the coin, how it will behave in the market
Arelowo
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@New_wave, I here that but there are over 25 billion tokens. $100 dollar price would put it at 2.5 Trillion marketcap?!?!
kjohns1337
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@Arelowo, very big, but as the crypto world grows as a whole we will see coins hit Trillion dollar market caps. now whether or not Cardano is one of those cryptos, well see
kjohns1337
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@kjohns1337, let me correct this statement due to the fact there are about 7 coins in the trillion dollar market cap and cardano would need to be over 2.5 trillion. so really just ignore the last half of my statement.
UnknownUnicorn1084844
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@Arelowo, By capitalization, you view the currency as an asset. it is not good.