Alonzo success! Wen moon?

1 Min Read
149 words


So, hurray, the Alonzo fork has gone in successfully bringing smart contracts to Cardano for the first time. Now Cardano is a full fledged, and cheaper, alternative to Ethereum.

Following all this great news, naturally, the price tanked by 5%. What?! Of course, that's to be expected. Profit taking a la "buy the rumour sell the news", duh. Also, Bitcoin threw a little fit during the same period so, the bots threw the same fit everywhere.

Once the noise settles though, I think we're going to see a nice bullish move, especially when projects start to migrate, or at least port, to Cardano from Ethereum, to take advantage of the lower prices.

Cardano is a get rich slow scheme though. I don't think we're going to see any fireworks, just a gradual escalating price.

NFA though, so DYOR.


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