Community Trust ScoreVerified
The Cardano community previously celebrated hitting their 1 million mark and now they are hitting a whopping 2 million ADA. About 2 Million ADA Wallets is an enormous milestone. Billions more will be able to access the Cardano blockchain, once they have been brought online. This is proof that more and more people are coming to the network and the transactions are climbing steadily.
Pools operators are excited as they expect the ADA holders to stake soon. Cardano is already popular than many other block chains. Very soon products like the DEX’s and DeFi and the network transferable NFTs are expected to help in the short-term with price improvement by holders.
Meanwhile a whole lot of people have the buy low and sell high attitude going. ADA has been up 1900% year over year even at its current price. Some are sick and worried as they bought high and they are selling it for low now. Many feel that this is a passing trend. They claim that Cardano is a sleeping giant.
Some of them even point to the old saying, “Tortoise always wins the race.”
ADA is nearly 2 years behind other blockchain in terms of developments. Several negative statements about ADA is doing the rounds. These negative statements are from people who are not sure about the goals and technology about Cardano. ADA is a long game. Cardano should be thought of in seasons and time frames. It is not practical to expect the price to go dramatically up and down in just a few weeks or months.
While several holders of ADA empathize with the delay in price progression, they honestly believe that IOHK should balance the adoption-related issues with the technology development.
Critics opine that Polkadot and Solana would flip Cardano in market cap. They are hypercritical about how Cardano is around since 2017 and on how they do not have Dapps to date.
“Solana launched in April 2020 and look where it’s now. Polkadot launched in 2020. Cardano takes forever and stayed stagnant around 2 dollars during October of a bull market”
Others have to state that one more million people who have opened their wallets are going to hold it without any gains. They feel it is too many wallets with so little value. Most coins are breaking ATH during this bull market. While ADA is no-where to be seen. Just imagine what would happen during a bear market.
Believers of ADA are like: Don’t compare it with any other currency you will definitely understand what we are talking about. Just hold for 2 months more.
