Why Cardano’s ADA Token is Not in My Investment Portfolio
In a recent YouTube video, the popular Lady Of Crypto channel analyst shared her perspective on why she doesn’t include Cardano’s ADA token in her investment portfolio. She emphasized that this is her personal opinion and analysis, not financial advice.
Concerns about Cardano’s Development
The analyst expressed her admiration for Cardano founder Charles Hoskinson but raised concerns about the slow and meticulous development process of the Cardano blockchain. While supporters highlight the network’s focus on peer-reviewed updates, she argued that the crypto industry moves quickly, causing Cardano to fall behind its competitors over time.
Limited Usage and Adoption
Another point of concern for the analyst is the relatively low usage and adoption of Cardano’s network. She referenced statistics ranking Cardano lower in daily active users, protocols built on the network, and total value locked compared to other top blockchain networks. According to her analysis, these metrics suggest that Cardano is not performing as well as its competitors.
Slower and Costlier Transactions
The analyst also claimed that Cardano transactions are slower and more expensive compared to rivals like Solana and Polygon. While the upcoming Hydra upgrade aims to improve throughput, she argued that its impact has been underwhelming so far.
“Manufactured Hype” and Lack of Real-World Adoption
Additionally, the analyst criticized what she referred to as “manufactured hype” surrounding Cardano, particularly its partnership with McCann Dublin marketing agency. She questioned the evidence of real-world adoption resulting from Cardano’s touted government partnerships.
Lagging Behind in Technological Innovation
The analyst predicted that Cardano will be left behind by a wave of new blockchain projects with advanced technology. She believes Cardano’s methodical approach will hinder its ability to leverage innovations like zero-knowledge proofs, which she views as the next big revolution in blockchains.
Hot Take: Cardano Must Adapt Faster to Stay Competitive
In conclusion, the Lady Of Crypto analyst’s analysis suggests that Cardano faces significant challenges in keeping up with its competitors. To remain competitive in the fast-paced crypto industry, Cardano needs to address concerns related to its slow development, limited usage and adoption, transaction speed and cost, real-world adoption, and technological innovation. Failure to adapt quickly may result in Cardano falling further behind its rivals.
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