I'm not talking about the token, but the actual protocol. I used to see it on par with Ethereum, but now it seems like the founder is doing everything possible and still, nothing's happening with the project. Anyone else feel like something's off with Cardano? Reminds me of other protocols that fell off too.
Did you mean "chain" instead of "protocol"? It's been around for years but feels like a ghost chain. Honestly, it’s less active than some barely surviving L1s and L2s. Other chains that come to mind are NEO and EOS, just to name a few.
Honestly, both the protocol and token have been pretty much useless for ages. I’m puzzled why Cardano still holds value when no one’s really using it for anything substantial. Last I checked, they didn't even have smart contracts.
I’ve been watching Cardano closely. It seems to be hitting the bottom. I think it could gain some hype around the next block halving, but right now? Not so much. Having a few might be worth it since devs are still active, and it’s still in the top 20.
They're hitting a lot of brick walls and trying to keep things afloat with treasury funding, but the community said no. If they don’t change the course, this could be the beginning of the end for them. How is it still valued this high with so little use? 6 billion market cap seems absurd.
Cardano feels totally irrelevant compared to the current crypto trends focused on RWA. It’s no surprise it’s dropping hard. What’s even running on ADA? A 6 billion market cap chain with under 100 million TVL? Seems like the teams are just enriching themselves. Crazy if you’re still banking on this one. Reminds me of EOS, honestly.