Michael Wrubel expressed:  Solana being up by 17,000% this year and being one of the best performing cryptocurrencies in the entire market and recently surpassed Cardano in terms of market cap and overtook it to be the #4 largest cryptocurrency. Despite this negative news Cardano has got lot of positive news come out recently.

First of all, it has surpassed 1 million followers on Twitter. They also surpassed 2 million ADA wallets.  There are also a number of other positive announcements in terms of partnerships and other major developments taking place. So, despite there being a little bit of uncertainty about the price and despite the price not moving very much, the community is still growing very rapidly, which is shown by the twitter followers.  And, also you are seeing that investing, which is showing more than 2 million ADA wallets, which are now on the network.

Many of them hold ADA and SOL.

Next thing about Cardano will be in terms of what has been going on over the past couple of weeks in terms of data.  Cardano’s price has not really been moving much, but the number of followers are growing in Twitter and we are continuing to see more and more ADA wallets, which means people are still buying despite the prices moving.

Other thing going on with that is that we are seeing Cardano that over 70% of Cardano is staked.  All of these different things between the staking, the community growing, number of ADA wallet addresses, all of these are great signs of the community.  Despite the Cardano warning signs and the bearish attitude many of them have never sold a single coin of Cardano.  It is important to realize that some of the potential downsides of any coin versus the lot of upsides going on in terms of the data for Cardano right now should be considered.

In terms of development, Cardano’s Co-founder Charles Hoskinson and addressed some FUD. He made it very clear that the team at Cardano is not burning any Cardano tokens. At a recent conference he said this is another idiot comment.  He said it is not even possible to burn Cardano. He does not understand why people are saying it and the idea of burning is not built in Cardano’s tokenomics.  So, it is just not possible. So, he was addressing a lot of FUD.

There is nothing wrong with this, as sometimes you hear misinformation about Cardano.

Community Response:  ADA has the most loyal community in the crypto market.

Owned both, and then Solana took off, sold around $255 this morning and bought more ADA. To me Cardano is a solid investment, just needs a single catalyst to ride back to highs. And mine is staked so take as long as you want ADA.