Analyst Calls Cardano A ‘Ghost Chain’ Amid Disappointing Network Metrics
Cardano’s price action has been trending downwards alongside the rest of the crypto market, but the on-chain side of things shows the blockchain activity is failing to keep pace with expectations for a top-tier blockchain. Recent weeks have shown sluggish participation across key network indicators, and the stagnation has increased the long-standing ghost chain narrative. […]
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Broadcasting “from rough and rugged Wyoming” late on September 14, Cardano founder Charles Hoskinson delivered a forceful rebuttal to what he called years of dismissive “ghost chain” narratives, arguing that the industry has “moved the goalposts” away from decentralization and toward VC-favored speed and token economics. “It sucks to go to cryptocurrency Reddit and no […]
XRP is proving that it remains one of the most resilient players in the crypto space despite years of criticism, lawsuits, and doubts. The token, which has often been branded a “ghost chain,” is now recording substantial on-chain activity. This movement comes as whales go silent on XRP during its consolidation phase. XRP Defies ‘Ghost […]
Widely followed Bitcoin figure Lark Davis pushed back on suggestions that Cardano is finished, saying, “what is dead can never die.” At the same time, he pointed out that on-chain activity looks flat. Related Reading: Dogecoin Alert! Price Could Explode Over 2,800%, Analyst Says Cardano (ADA) was trading at $0.51, down 8.8% in the past 24 hours, and it holds a market cap of $18.8 billion. That is the context for a larger question now being asked across crypto circles: can community and hype move a token more than real network use? On-Chain Activity Shows Little Movement Davis admits that....
Former Goldman Sachs analyst, Murad Mahmudov has unexpectedly criticized two prominent cryptocurrencies, Cardano (ADA) and XRP. The analyst has labeled both altcoins as cult meme coins, sparking heated debate within the crypto community. Analyst Claims XRP And Cardano Are Cult Meme Coins In an X (formerly Twitter) post on June 4, Mahmudov declared that XRP […]
Crypto analyst Ben Armstrong, popularly known as ‘Bitboy Crypto’ has ignited controversy by declaring Cardano (ADA)and Polkadot (DOT), “dead to institutions.” His brash statement has drawn substantial backlash from the crypto community, with many members vehemently opposing his criticizing remarks. Analyst Calls Cardano, Polkadot Dead In an X (formerly Twitter) post on July 3, Armstrong […]