Grab a seat and ready some popcorn for tomorrow's show!

So yes this is about Cardano! I think this is one of the (if not the most) polarising altcoins we have here in our community. I always enjoy the debates people have with the prospects of the project. The most recent ones being if the Cardano's price is overvalued or is undervalued or is just rightly valued. I personally hold no ADA in my portfolio so it's fun to watch as a spectator with no skin in the game.

Now, tomorrow marks one of the biggest milestone for the project - the Alonzo upgrade which will enable the network to support smart contracts. If all goes well it will sadly mark the death of one of the longest running meme - wen ADA smartcontracts? But there has been significant FUD after many critics bashed the test net errors and complained it not being a fit to run a DeFi platform. This particular thing makes it interesting.

Now there are definitely two outcomes - either pump or dump (no crab definitely). The dump case is based on the fact that this event will act like one of the sell the news event. This can be catalysed by the ongoing testnet FUD. So this case makes sense. But the pump case is also equally weighted as you know, it's so widely accepted that ADA's gonna dump, it might actually pump just for the hell of it.

It's going to be a really exciting Sunday and I will be watching charts and grabbing some popcorn and beer to see the price action in HD!