Cardano (ADA) Never Sold its Soul to VCs or banks

What most also don’t understand is that many Cardano DApps are waiting for the Vasil hardfork in June to launch to benefit from pipelining. So, it seems we ain’t seen nothing yet on TVL.

Ed n Altcoins expressed: “Over 500 projects are now building on Cardano as the ADA ecosystem continues to grow “Since the end of January 2022, Cardano has welcomed more than 1,000 smart contracts and over 3 million new ADA wallets.”

Community Reaction:  Probably right low fees most transactions and 0 shutdowns but you’re right nothing to see here. Casper is getting ready to do big things.

The ecosystem being built on Cardano is in the process of solving so many problems that are being dominated by legacy systems everything from finance to media. Imagine where we will be in 6 months.

Just warming up. Makes you wonder where it will be in a year or two. Huge!

For those complaining that BTC drives the price of ADA because of whales, 1/3 of BTC is controlled by Whales, whales’ control 94 % of ADA. This is what happens you have a cheap price and an over exuberant amount of tokens in supply. 33.5 billion.

Looks like distribution of ADA is going into everyday retail hands.

No matter what it goes that:  1. All Altcoins are down heavily 2. The fact that other coins come and go from the top 10 while Cardano remains should tell you something 3. Cardano never sold its soul to VCs or banks so they’re obviously not going to back it as heavily as their own coins. Cardano $ is organic.

However, there is another question that arises, why have investors bailed on this project so badly then?

Genuine question. Why have we seen such a dump of ADA? It’s hard to know the truth for all the noise but given that retail is a minority, why have whales and institutional investors dumped there ADA?

Some replies justified stating, “The price of ADA rose over 9500% in the span of 15 to 16 months. From its peak, ADA has retraced 75%, netting over a 3400% increase from the same lows used to calculate the 9500% gains. Much of those gains were driven by market anticipation of decentralized staking, the intro.” Further, “of smart contracts & the launch of Dapps. Markets never go straight up forever primarily because smart money will take profits to lock in massive gains especially in a relatively short period of time. Now macro uncertainty along with relatively low “ADA” TVL weighs on price today.”

However, similar histories are available for every crypto, is it worth living in the past is the query of some users.

For all those who do not believe in Cardano – There is more education needed.