Cardano is often the target of criticism and sometimes even hate. This has been a notable concern for many investors, but we now have an explanation that reveals the source of that concern. narrative.
Cardano is often the target of criticism and sometimes even hate. This has been a notable concern for many investors, but we now have an explanation that reveals the source of that concern. narrative.
A leading figure in the Cardano community, Cardano Whale, suggests that the negative sentiment towards Cardano is not the result of natural skepticism but rather the product of deliberate misinformation campaigns. According to them, these are deeply rooted in the perceived threat that Cardano posed to established projects like Ethereum since its inception, given Hoskinson’s pivotal role in the development of Ethereum.
Cardano’s rise, particularly when it introduced what was considered the top staking mechanism in the cryptocurrency industry, quickly sent it to third place in market capitalization. Critics quickly downplayed Cardano’s growth by attributing it to a simple migration of XRP holders to ADA.
Furthermore, when Cardano launched its UTxO-based DeFi application, the welcome cart of other chains did not appear. Critics pointed out every minor issue at launch, reinforcing the narrative that Cardano was overrated or underperforming, even though the same issues appeared on EVM chains.
Despite these issues, the ADA whale remains optimistic about Cardano’s prospects. They highlight blockchain’s high degree of decentralization, its strong and active community, and upcoming scalability improvements that are poised to expand its capabilities. They also note that Cardano has a large and somewhat unique talent pool, distinct from the rest of the crypto sector, that continues to innovate and drive the project forward.
People might oppose Cardano not because it has flaws but because it could change the way things are done. However, despite the negative narrative surrounding Cardano, the network continues to advance and bring technological advancements to the industry.
