Why Do So Many Crypto Investors Hate Cardano?

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I have always wondered why there is so much hatred for Cardano (ADA) with crypto investors and it is possible they see Cardano as a threat to their project. Besides the fact they had no pre mine and no VC involvement by having 4 ICO offerings this is more decentralised than 99% of other crypto projects.

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Cardano seems to have a similar issue like Hive because it seems the crypto establishment is fearful of what Cardano has. Crypto should be happy and supportive of any project that is being considered for real world use cases and not being jealous their project was not mentioned.

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64% of all Cardano is staked and the project is not top heavy where we see 20% held by the top 100 wallets out of a total of around 3.2 million wallets. This is one of the better crypto projects when we look purely at distribution stats.

I think the hatred is through a combination of various things because the project is seen as slow getting things done but they get things right. The term slow and steady wins the race comes to mind when I think of Cardano. Nothing is launched unless it has been battle tested and ready and I think this will hold them in good stead in the future.

The news I am sure some of you had heard is the US elections has been looking at blockchain involvement and Cardano has been mentioned because they do things properly and possibly they would not be ready for the elections this year (joke).

I can recall when DJED was in the process of being launched and it took 3 months for Cardano to give COTI the green light for launch. If you are an investor this is what you want to see because whatever they develop just works like it should and here are no surprises.

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If one looks what Cardano has been doing over the last 12 months they have a staggering set of figures. There is not much hyping with Cardano as they seem to just get the job done with the feeling that they will be successful through what they develop and build. One has to just look at Solana over the last few days with it's failing infrastructure struggling with volume. How is Solana worth so much dollar wise yet it fails on a regular basis?

In the last 12 months Cardano achieved 24 million transactions which is an average of 66 000 daily. 33 000 smart contracts deployed which is over 90 daily. 40 new projects launched over the last year so there is some serious stuff going on with Cardano and it seems like far more than what others are doing.

I do have Cardano in my portfolio but it is there only because I know it will be worth more later on and is kind of a safe investment in my thinking. There was talk about Cardano DeFi flipping Ethereum and I just do not see that happening any time soon. Cardano is not the giant Ethereum killer that I have heard mentioned before, but it has to just be seen for what it is being a safe investment.

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