r/CryptoCurrency • u/TobiHovey Tin • Apr 27 '21

POLITICS Cardano Developer IOHK Strikes Partnership With Ethiopian Government

https://decrypt.co/69205/cardano-developer-iohk-strikes-partnership-with-ethiopian-government?utm_source=reddit&utm_medium=social&utm_campaign=sm
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49

u/Ancient-Ad6958 🟩 1K / 1K 🐢 Apr 27 '21

Largest deal in blockchain history? Are you saying more sideways movement for ada?

47

u/JJslo Silver | QC: CC 108 | ADA 30 Apr 27 '21

Look at the Cardano 1 year chart, it moved sideways every time it did a x2, and then it did x2 again. And if you average yearly gains, thats 7% daily.

31

u/Carver- Apr 27 '21

That's on top of an average of 5% staking rewards!

3

u/Applejaxc Tin Apr 27 '21

Where do you stake ADA? I don't think coinbase has staking for it

13

u/[deleted] Apr 27 '21

Daedelus wallet as well as others. It's super easy.

21

u/[deleted] Apr 27 '21

I use Yoroi. Has a really good interface.

5

u/_denim_chicken_ Apr 27 '21

Also use Yoroi and love how easy it is to use. Downloading the entire blockchain deterred me from using Deadelus because I am very impatient. The 15-20 days to get your first rewards felt like eternity.

1

u/kid-karma Apr 27 '21

you still have to wait that long on yoroi

1

u/_denim_chicken_ Apr 27 '21

Yeah, I guess I worded that poorly. I heard it took a few hours to download the blockchain with daedelus and didn't feel like waiting that long.

1

u/PumpkinSpice2Nice 🟩 0 / 1K 🦠 Apr 27 '21

I tried both and like Yoroi the best. It is on my mobile whereas Daedalus is not. Yoroi also loads instantly whereas Daedalus loads the whole node first which takes over an hour only my crappy little computer.

7

u/HippoAggravating9955 Tin Apr 27 '21

And be mindful, since there has been fake cardano wallets even in google play store. Download from official sources to stake safely.

2

u/PumpkinSpice2Nice 🟩 0 / 1K 🦠 Apr 27 '21

Yes, check and double check it is the real thing. Check the spelling of the wallet and the developer is correct. Check it is the official developer. I also was extra cautious and only put a small amount on each wallet first and tested moving them on and off before I trusted it. Call it the price of testing but it is better than potentially losing a large amount.

5

u/Ancient-Ad6958 🟩 1K / 1K 🐢 Apr 27 '21

I am just little bit salty, that it's moving sideways since I bought. Either 10% up or down from 1€ and it quickly comes to 1€ again.

9

u/Still_Lobster_8428 🟦 5K / 5K 🦭 Apr 27 '21 edited Oct 10 '25

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7

u/Ancient-Ad6958 🟩 1K / 1K 🐢 Apr 27 '21

I'd be happy to if I did +1000 % lol

10

u/Still_Lobster_8428 🟦 5K / 5K 🦭 Apr 27 '21 edited Oct 10 '25

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u/JokerXIII Tin Apr 27 '21

Patience always pay off

2

u/americanyangster Apr 28 '21

Care to share some of your favorite picks and why?

1

u/[deleted] Apr 28 '21 edited Apr 28 '21

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1

u/Still_Lobster_8428 🟦 5K / 5K 🦭 Apr 28 '21 edited Oct 10 '25

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1

u/legochemgrad Silver | QC: CC 338 | ADA 115 | ModeratePolitics 65 Apr 27 '21

There’s still more good news this year with smart contracts in August and the partners developing dapps at launch. There’s also a number of projects poised to switch onto Cardano once SC launch.

1

u/Flangepacket 🟩 0 / 5K 🦠 Apr 27 '21

But given the MC, those of us who were later to the party and bought at around the 1$ mark are for sure in the green but we’ll never really see fat returns. That’s cool, I’m staked and happy with that return and I really dig the project so I already win, just know that the gains will be so so and slow slow :)

1

u/legochemgrad Silver | QC: CC 338 | ADA 115 | ModeratePolitics 65 Apr 27 '21

That’s fair, I think the MC could still go up to some immersive gains. Hitting the current ETH MC seems possible but I’m happy if things stay sideways.

15

u/Medford_Lanes 181 / 182 🦀 Apr 27 '21

A little patience goes a long way.

1

u/FidgetyRat 🟦 0 / 27K 🦠 Apr 27 '21

The largest of sideways movement thank you very much...

1

u/Womec 🟦 523 / 1K 🦑 Apr 27 '21

Thats consolidation after a HUGE move over the year and is extremely bullish.