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Is Cardano a good investment today?

2025-07-09 16:50:17

Is Cardano a good investment today?

Main Idea

Cardano's market performance and ecosystem growth are compared to peers like Binance Coin and Solana, highlighting its underperformance and lower developer activity despite ongoing projects like Midnight and the Ouroboros Leios upgrade.

Key Points

1. Cardano's price has dropped from an all-time high of $3.15 in 2021 to $0.60, wiping out over $70 billion in market capitalization.

2. Cardano's five-year price increase of 405% lags behind Binance Coin (2,930%) and Solana (4,636%).

3. Cardano has only 49 DeFi developers and a total value locked (TVL) significantly lower than Solana ($20 billion TVL) and Binance Smart Chain ($8.4 billion TVL).

4. Cardano's decentralized exchange protocols recorded $98 million in volume over 30 days, compared to BSC's $178 billion and Solana's $61 billion.

5. Cardano is developing Midnight, a privacy-focused sidechain with zero-knowledge proofs, and preparing for the Ouroboros Leios upgrade.

Description

Cardano is a highly controversial cryptocurrency that draws mixed opinions within the industry. Most proponents believe that Cardano ( ADA ) is the future, citing its fast speeds, low transaction costs, decentralization, and the fact that it is the only peer-reviewed crypto project. Critics, however, argue that Cardano is an overvalued ghost chain, boasting a market cap of over $20 billion with little actual network activity. So, is Cardano a good investment? Cardano has underperformed top peers...

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Tags:
Markets Cardano layer 1
$SOL
$157.62
+4.05%
$SHIB
$0.000012452
+4.97%
$BNB
$669.50
+1.49%
$ADA
$0.6231
+5.99%
$BTC
$111317.7
+2.26%

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