carnado

Cardano co-founder Charles Hoskinson has fired back in response to a report by crypto research firm K33 Research that questioned the utility of Cardano’s native token, ADA.
In a bold retort earlier this week, the founder of Cardano downplayed the credibility of the research firm, setting the stage for a contentious debate within the cryptocurrency community.

Published on Monday, the report, titled “Why you should sell all your ADA (Cardano)”, contended that ADA lacks meaningful use and value. Notably, a smart contract network’s native token needs substantial use to hold any value. The firm, however, argued that ADA lacks such utility, adding that there was no credible path toward achieving it. The firm also highlighted the absence of proof of ADA’s utilization beyond exchange transfers and alleged artificial activity by holders.
One of the critical points in the report revolved around the stablecoin market on Cardano. While other networks thrive with stablecoins like USDT or USDC dominating DeFi altcoin investing, the firm argued that Cardano is lagging. It pointed out the limited presence of Cardano-collateralized stablecoins valued below one dollar, signalling the network’s lack of meaningful decentralized finance (DeFi) activity.
The firm further predicted a bleak future for Cardano akin to past blockchain projects such as IOTA, NEO, and EOS. The firm argued that successful blockchains must grow organically from real use rather than being propelled by inflated hype and subsidized bootstrapping.
“Cardano has an enticing story for newcomers, with Cardano being branded as “the peer-reviewed research-driven blockchain network…still, all price signals also point to Ada gradually disappearing from the crypto map. ADA has not rallied in line with other ‘stronger’ smart contract tokens when markets have improved, which is a strong indicator of a dying coin,”
the firm stated. Meanwhile, in a dismissive response to the criticism, Charles Hoskinson questioned the identity of K33 Research, expressing ignorance with a straightforward, “Who? Never heard of them.”
Hoskinson’s reaction resonated within the ADA community, with some criticizing K33 Research for what they perceived as a targeted attack on the network. Particularly, “ADA Whale”, a prominent ADA commentator, voiced skepticism over the report, stating, “FYI: this is not how a serious research paper reads or looks like.” He went on to invite the firm’s researchers, urging them to examine what he described as “a fact-based thread on Cardano” that he shared last week.
Notably, this recent critique is not the first time Cardano has faced skepticism. Hoskinson has previously defended the network from claims that it is a “ghost chain”, lacks a working product, and is too decentralized. Nevertheless, despite these challenges, Cardano stands resilient and is currently the eighth-largest cryptocurrency with a market capitalization of $17.9 billion. Moreover, it maintains its status as the second-largest crypto asset by staking market capitalization, underscoring its continued relevance in cryptocurrency. #carnado

#ada #carnado #ADABullish #ADA.智能策略库🥇🥇 $ADA
$BTC
يواجه كاردانو (ADA) تحديات: يكافح لاستعادة المستويات السابقة
انخفض سعر كاردانو مؤخرًا تحت علامة 0.9550 دولار. ADA حاليًا في مرحلة تجميع وقد تجد صعوبة في بدء اتجاه صعودي جديد فوق عتبة 1.00 دولار.
شهد سعر ADA انخفاضًا جديدًا من منطقة 1.0350 دولار.
تتداول العملة المشفرة بالقرب من 0.950 دولار، متماشيًا مع المتوسط المتحرك البسيط لمدة 100 ساعة.
حدث اختراق صعودي فوق خط الاتجاه الهبوطي قصير الأجل، مع مقاومة عند 0.9560 دولار على الرسم البياني الساعي لـ ADA/USD (البيانات مأخوذة من كراكن).

أمام
حدث استرداد إيردروب منتصف الليل الوشيك على كاردانو، على السلسلة
تظهر البيانات الحالية توزيع رمز NIGHT عبر المحافظ.

الـ
استرداد Glacier Drop الذي طال انتظاره يبعد بضعة أيام، و
نظام كاردانو البيئي يستعد بجد لذلك. لقد قام فريق منتصف الليل
بصنع هذه الرموز بالفعل، وقد كشفت السجلات على السلسلة عن
التوزيع الحالي لها.

بيانات
من AdaStat تظهر أن رمز NIGHT لديه عرض متداول يبلغ 24
مليار رمز. ومن الملاحظ أن فريق منتصف الليل قام بإجراء

Cardano (ADA) is displaying a bullish signal, aiming for a price target of $0.68. In the broader digital currency landscape, many altcoins are rebounding from recent losses.
Cardano (ADA) is following suit, experiencing a 6% surge in the past 24 hours, reaching $0.513. With this momentum, the coin has recovered all losses for the week and is now up by 4.18%.

Cardano’s Bullish Potential: Analyst Predicts 32% Surge
Top market analyst Ali Martinez has highlighted Cardano’s bullish outlook, noting the formation of a Descending Triangle setup on its daily chart. This pattern suggests further uptrends for Cardano. According to Martinez, if Cardano manages to sustain its current bullish momentum and closes above the $0.53 level, the coin could embark on a parabolic journey with a potential 32% surge.
Martinez’s estimate suggests that this rally could propel Cardano’s price as high as $0.68. Notably, Cardano has not revisited the resistance point at $0.6 since January 11 of this year. This indicates that the $0.6 level holds significance, and breaching it could signal a more ambitious rally ahead.

Cardano’s Strong Fundamentals Support Growth
Cardano stands out among protocols due to its robust ecosystem fundamentals, providing a solid foundation for its projected growth. Investors in Cardano can rely on the real-world applications of various blockchain solutions, making it an attractive investment option.
One notable innovation from Cardano’s parent company, Input Output Global (IOG), is the Cardano Light Wallet Lace. This wallet allows users to store their assets and conduct transactions, providing Cardano users with the same benefits as any other Web3-based wallet.
Cardano is an advanced blockchain with a dedicated community of developers continually working to ensure consistent upgrades and innovations. This commitment to development ensures that Cardano remains at the forefront of blockchain technology.
With its strong fundamentals and ongoing innovations, Cardano has the potential to support significant future growth. The current uptrend in its value may just be the beginning of a larger trend towards success.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Ada #carnado