Hi HODLers,
First of all, I might be a bit salty as I called Cardano a kind of shitcoin for months if not year. These guys have been around for the past 6-7 years and it seems they always promise to revolutionize the world but nobody uses it...
Despite the DeFi and NFT boom, Cardano was nowhere to be found.
And today, I am reading this tweet from Charles Hoskinson, Cardano's co-founder and I am just astonished: "This guy has no shame!".
Well, I am guessing he is having some memory issues as he claimed back in July 2020 that by 2021, there would be “hundreds of assets and thousands of DApps” on Cardano.
While he is right that tehre are millions of assets thanks to NFT minting protocols.
DefiLlama is currently tracking just seven DApps on Cardano for $315mn in TVL. 2 out of 7 have $0 TVL.
When comparing to other L1s such as Ethereum, BSC, Fantom, Solana, Avalanche... it seems like a big failure!
$ADA Cardano Price Chart
I usually do not give any financial advice. But this time I will: "Stay away fromt that one".
Stay safe out there,
Hello @vlemon
Something is up with that project, to a large extent the price your currency has gone up enough these days has more to do with promises of what it will be or what it could lead to than what it actually is.
Nothing is hidden in the cryptographic environment. Only time will tell, I am very much guided by numbers, and those numbers speak for themselves, it is far from having a great development.
Let's wait and see.
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Agreed, I have also seen way less shilling as it used to. I guess people learned. Most people promoting Cardano never used a blockchain, they simply had a trading account on Coinbase or Binance... Says it all!
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I always thought that the Cardano cryptocurrency was a cryptocurrency with a lot of future, but apparently I was wrong.
Greetings and thanks for your contribution.
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Maybe you are not, but it surely does not look like it hehe
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@tipu curate
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Thanks!
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