Cardano got recently some attention by speculants but for fundamentals, Cardano is very weak:
Cardano is an old coin and based on outdated models, compared to advanced coins like Ethereum 2.0, Cosmos or Avalanche.
What made you say it's an outdated model? It's on POS and they are scheduled to release smart contracts next month. The same models being used (will be used) by the same blockchains you call as advanced.
Based on tech and innovation, I'll quote here:
Hi! Yes, I wrote Tron and Cardano is outdated and not innovative coins. And here is why:
I wrote it based on tech because every project needs to consider a moving market:
Yesterday it was fast payment
After it came ICO and later DeFi
And finally is coming NFT
All projects need to adopt especially DeFi and NFT, developers need to develop fast. Tron didn't deliever, only empty promises, Cardano didn't deliever, only empty promises. For 4 years now. Only marketing while people don't do research and buy. DeFi and NFT does not work for such outdated projects, nobody will use it. Price is just so high because of good marketing from Tron and Cardano. People believe it while it's only empty promise but in reality outdated tech.
It's a quote from me.
I would compare Cardano to BCH, Tron or EOS. Cardano is a very similar age. All coins failed to deliever and will be dead coins soon. Tron is already abandoned because Justin Sun failed to meet his expectations.
Poor comparison. Ethereum failed so many times to meet deadlines on ETH 2.0 but you still call them advance.
Your comparison is poor. Ethereum is a running project, has proven huge adoption which Tron and Cardano never achieved and it's a huge difficulty to move Ethereum to Ethereum 2.0. Vitalik is a genius, he has developed and and he knows very well it needs time. Ethereum 2.0 will be huge we haven't seen before.
Because most coins, when initially started, have a vision and try to look if it works. Cardano failed to deliever it's initial vision (it started already 4 years ago and failed last bull cycle). New coins will replace it and people holding Cardano now will pay a high price.
What's their initial vision that they fail to achieve?
Delievering a working product comparable to Ethereum 1.0
Quoting for future reference. I do not have a crystal ball to say crypto community won't use their products once their smart contracts are launched and so are you. Time will tell.
BSC and PolkaDot are already sucking out projects that were originally launched in Ethereum and Cardano has a catching up to do. Users are also moving out of eth DEX and DAPPS because of the insane fees. There is also no clear timeline for Ethereum 2.0 to be launched and it might take several years. Before that happens, Cardano platform is already set for POS, DeFi, and NFT.