As the cryptocurrency industry evolves, many of its assets are fighting to keep their place under the spotlight, including Cardano (ADA), which a popular crypto influencer has speculated might be dead, triggering a swift response from the Cardano founder himself.
Indeed, Ben Armstrong a.k.a BitBoy Crypto has recently compared Cardano’s performance with that of other networks, arguing that they are “blowing up and getting a lot of recognition and your average person out there (…) can’t name three projects on ADA,” in a video streamed on April 6.
According to him, this is happening because:
“The money and the price action is better on some of these other chains and they’re getting more usage so if you’re on an exchange and there’s more usage, that means there’s more liquidity, it means you’re saving on fees, and price impact and slippage and things like that.”
Institutional money
On top of that, Armstrong argued that another big reason for Cardano’s
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