Crypto Pundit Says Cardano Rivals XRP Community, But Why Is ADA Price Struggling?
Summary
Cardano's ADA coin has not performed as well as other cryptocurrencies despite its popularity. Crypto pundit Ben Armstrong attributes this to misinformation and FUD, particularly regarding its DeFi capabilities and founder Charles Hoskinson. However, Armstrong believes Hoskinson's involvement with Ethereum boosts Cardano's credibility. Despite criticisms, Cardano boasts a decentralized token distribution, making it attractive to investors. Armstrong also praises the strength of the ADA community and its consistent performance in bull markets. Currently, ADA is priced at $0.61, with a market cap of $21.7 billion, ranking as the eighth-largest cryptocurrency.
