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Crypto Pundit siger, at Cardano Rivals XRP Community, men hvorfor kæmper ADA-prisen?
Cardano has consistently remained one of the largest cryptocurrencies in the industry with the price of its native ADA coin following the crypto market rally. However, it has not performed as well as other cryptocurrencies despite its marked popularity among investors. Given this, crypto pundit Ben Armstrong, popularly known as BitBoy, has shared his views on why the network is struggling.
Cardano kæmper gennem misinformation
One of the problems that the crypto analyst nævnte that Cardano has run into over the years is the fact that there has been misinformation. A lot of times, Cardano has been subject to FUD (Fear, Uncertainty, and Doubt) especially when it comes to its decentralized finance (DeFi) capabilities.
The network is really playing catch-up when it comes to DeFi as the likes of Ethereum , Solana enabled this ability years before Cardano. However, the network has seen significant growth since it first announced smart contract capabilities back in 2021.
Armstrong explains that a lot of FUD have also been directed at the founder Charles Hoskinson whose involvement with Ethereum as one of the co-founders in the early days is often called into question. But contrary to popular belief, the analyst believes that Hoskinson’s involvement with Ethereum actually helps to boost the credibility of the Cardano netværk.
Hoskinson has also been subject to allegations of being a scammer, as well as the Cardano network being “finished,” among other interesting allegations, as well as its native ADA token being referred to as a stablecoin. The last part takes a jab at the fact that the ADA-pris has not moved much in the last year.
Armstrong forklarer dog, at Cardano kan prale af en af de mest decentraliserede token-distributioner i hele kryptoindustrien. "I øjeblikket er over 60% af udbuddet satset, og under tyremarkedet var tallet godt over 70% på regelmæssig basis," sagde han. Dette gør mønten til et attraktivt valg for investorer.
ADA-fællesskab, der ligner XRP-fællesskab
Armstrong har været højtråbende om sin støtte til XRP-fællesskabet, som han mener er det stærkeste fællesskab inden for krypto. Derefter kommer kryptoanalytikeren bag XRP-fællesskabet og mener, at Cardano-fællesskabet er det næststærkeste i branchen.
In addition to this, Armstrong calls ADA “one of the most consistent performing coins in the history of crypto.” ADA, on its own, has managed to perform incredibly well in each bull market since its inception. During the 2020-2021 bull market, the ADA-pris would go from around $0.02 to over $3 before correcting back downward.
I øjeblikket ADA-pris is trending at $0.61, rising approximately 143% in the last year alone. With a market cap of $21.7 billion, it is currently the eighth-largest cryptocurrency by market cap.
Oprindelig kilde: NewsBTC