Adoption
Cardano is facing a wave of Fear, Uncertainty, and Doubt (FUD) from various quarters, with many choosing to overlook it. There are numerous instances to cite. CoinDesk, which was under the ownership of Digital Currency Group until recently, has consistently maintained a negative stance towards Cardano. The Cardano community has had a similar experience with Cointelegraph. K33, an analytical firm, issued a two-page research note advising the sale of ADA. In Messari’s annual report outlining theses for 2024, Solana is mentioned over 65 times, while Cardano doesn’t get a single mention, possibly due to the Messari CEO’s investment in Solana. DeFi Llama has manipulated data. Despite the Cardano treasury holding a comparable amount of ADA in dollar terms to the Ethereum Foundation’s ETH holdings, it is conspicuously absent from the list. Cardano is often omitted from many statistics, potentially because it could top the category. Crypto Reddit admins intentionally removed an article about the Edinburgh Decentralization Index. Tether and Circle have refrained from minting their USD-backed stablecoins on Cardano, even though these stablecoins are present on over 60 other chains. The list of similar examples could go on. Despite these challenges, Cardano continues to strengthen, largely due to its robust community. How does this community navigate the negative sentiment from influential entities? We will explore this in the article.
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