Cardano has a USD-backed stablecoin, $USDM, which:
- Issuer, i.e. Mehen team, cannot freeze the account.
- It cannot censor transactions.
#Cardano has native assets. No smart contract is used to transfer USDM.
USDM has the same features as $ADA.
Explain it to your friends.
Cardano faces a unique and quite massive challenge. The root cause is multifaceted, but I'm going to explain exactly what is happening here.
Cardano is very clearly blockaded by the industry due to false data and negative narratives perpetuated by big players and VCs.
The crypto space is like a big party with billions of dollars being thrown around, and Cardano is not invited to that party.
Yet here ADA stands, still as a top 10 crypto.
The root cause of this animosity has multiple layers.
1. False Data: This is a massive issue, with major crypto analytics firms misreporting on Cardano or leaving it out entirely. These firms, backed by VCs like FTX Ventures, have a vested interest in promoting projects aligned with their investments. It really is that simple.
This is why you'll see CEOs of "trusted" analytics firms bashing Cardano publicly.
2. Crypto Media: VC influence powers the crypto media companies, where they invest to support their portfolio projects. Because Cardano has one of the largest, most educated, and loudest communities in crypto, it's not enough to just spotlight their special interest projects. This is why you'll see constant negative articles about Cardano which generally spread false narratives. This results in a misinformed public echoing false information about Cardano.
We're operating in an environment where you'll see a billionaire CEO of a massive VC trash-talking Cardano while supporting actual failed projects which lost investors billions and almost destroyed the crypto space in 2022.
This is just the reality of it. As a value investor in Cardano, it's tough to watch at times. But at the same time, I think Cardano will continue the trajectory of growth that it's on.
Its reliable and secure infrastructure creates an environment for sustainable growth for both the Cardano blockchain and the value of ADA.
ADA Price Note: This post is not about price performance. I think ADA is going to perform well this bull cycle. From the technicals I've outlined on my channel, ADA is generally where I anticipated it would be at this moment of the cycle.
People should talk more about decentralization. Not because #Cardano is the best in terms of EDI Dashboard, but because it is the most important feature of the blockchain industry.
#Cardano has been in the top 10 since 2017. This is not a one-season project. The next bull market will be the third in a row. I think it will be successful in terms of a new wave of fans and users.
Who wouldn't be interested in one of the most decentralized blockchains?
People have spoken so rather than
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Many people are with #Cardano because it is one of the last projects that care about decentralization and self-custody. This effort is slowly disappearing from crypto and it's a shame.
Real Vision is rooting for #Solana in this bull market. Still, #Cardano won their poll. Maybe it will tell them something. Maybe not, but that's okay.
BTW, I wonder where the #Ethereum fans have gone.