Archive: overhyped crypto

Separating Signal and Noise in Crypto Markets

By Adam Sharp on December 10, 2021

Back in September, I wrote a piece called “Beware the Cardano Price Mirage.” In it, I warned that “cheap” tokens like Cardano (ADA) aren’t actually cheap at all. Here’s an excerpt: So although Cardano does currently trade at “just” $2.21, there are 32 billion Cardano tokens in circulation today. That gives it a market cap of about $70 billion, almost one-tenth that of bitcoin and…