Cardano

Cryptocurrency

Coin

<ul class="news-points"> 
 <li>Cryptocurrency analyst said the ADA token will be worthless over time.&nbsp;</li> 
 <li>The analyst based the prediction on the lack of “meaningful activity on Cardano network.”</li> 
 <li>Absence of stablecoin issuers such as Tether, and Circle indicates low DeFi activities, the analyst argued.</li> 
</ul> 
In a recent <a href="https://k33.com/research/articles/why-you-should-sell-all-your-ada" target="_blank" rel="nofollow">post</a>, Anders Helseth, head of research at K33 Research, asked cryptocurrency community members to stay clear of layer-1 blockchain <a href="https://coinedition.com/cardano-ada-price-prediction/">Cardano (ADA)</a>. According to Helseth, “the Cardano network’s complete lack of meaningful activity will make the ADA token worthless over time.&nbsp; 
Helseth based his arguments on several factors. Firstly, the analyst argued that a smart contract network like Cardano ought to have a meaningful use for its token. However, Cardano has no meaningful use or any credible track to get it, Helseth stated.&nbsp; 
Furthermore, the analyst said there is no proof Cardano being used for anything. While acknowledging the 90,000 daily transactions on the network, Helseth said it doesn’t equate to meaningful transactions.&nbsp; 
Explaining further, the analyst pointed at the absence of stablecoins on Carda…
The post <a href="https://coinedition.com/analyst-warns-ada-users-says-no-activity-on-cardano/">Crypto Analyst Implores Users to Dump their ADA Tokens: Here is Why</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Analyst Implores Users to Dump their ADA Tokens: Here is Why

Coin Edition

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