Pseudonymous Cardano ($ADA) influencer “ADA whale” (“cardano_whale” on Twitter) explained why he believes that the people’s “favortie chain” is likely to “thrive” in the next bull cycle.
On 15 March 2022, “ADA whale” explained why he is so bullish on Cardano:
Since then, the Vasil upgrade has taken place, and number of projects being built on Cardano has gone from 517 to 1,122, which is an increase of 117%.
As for Cardano’s 24-hour NFT trading volume, since 15 March 2022, it has gone from 882,634 ADA to 3,724,619 ADA (which is the all-time high and it was reached on 21 October 2022), meaning an increase of 332%.
On 16 June 2022, “ADA whale” said that once the current bear market is over, Cardano will be one of the fastest blockchains and it will have a very rich ecosystem.
On 13 August 2022, he explained what category of investors are Cardano’s target audience.
On 15 August 2022, “ADA whale” pointed out three ways in which Cardano is better than other layer 1 Proof-of-Stake (PoS) blockchains.
On the same day, the popular Cardano influencer/educator explained why Cardano’s TVL ($51.73 billion, as of 10:45 a.m. UTC on October 22) is currently relatively small:
Anyway, earlier today, “ADA whale” said that he expected Cardano to really shine in the next bull cycle once “DeFi, NFTs and community activity” are really “exploding” since currently institutional investors seem to be losing interest in layer one “L1”) blockchains, which should create a vacuum that will enable Cardano (with its very loyal and passionate community) to “thrive”.
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