RE: How do you feel about cardano (ADA) crypto for 2021
The key point is what will happen to ethereum. Current gas attack pretty much kills. All these De-Fi solution a coded to work on the 1st layer of eth blockchain and obviously it can't cope up with the load. If this is not addressed in a few months, than the only option for all De-Fi would be to move to other blockchains even if it means reworking most of the code/technical part.
If ADA will be able to deliver its main promise - easy to build smart contracts, then it will become the easiest migration option for De-Fi. If this happens, the price of ADA will significantly increase. Yet there are many other projects where De-Fi can go - polkadot, BNB smart chain, Dfinity and etc. There is no reasonable way to predict where De-Fi will go. I guess it will more likely split between several chains.
None of the above claims is a financial advice.
Thanks for the response, and I agree with your assessment - it most likely split. I’ve seen there has been much chatter and talk about PolkaDot as a suitable option to “release some pressure”, although, and from other conversations I’ve had, it seems only logical to diversify between several coins to protect the investment from bubble success. Thanks for your excellent thought @cryptohumster, Im going to build a more spread out basket.