CARDANO ADA - I've Seen This Before! Many Are Getting This Wrong! Cardano Pushing Forward!

[00:00:01]So, what we're going through in Cardano right now, um I actually have seen take place in another ecosystem before. And for that ecosystem, it did in fact not turn out well, which is unfortunate.

[00:00:12]Now, there is a very big difference between what took place with that ecosystem and what's going on with Cardano right now. And I think this is very important for people to understand.

[00:00:21]We're going to have a conversation about that in this video. So, again, if you're new or haven't already, make sure you like, comment, subscribe, show your support for the channel down below. Now, obviously we can all agree that price as of late has not been good. Hasn't been fun. Obviously, the latest piece of of Cardano fund FUD has brought us some to some levels that we have not seen in a very very long period of time. But understand that right now we are in the depths of a bear market, hopefully nearing the bear market lows or lows maybe in already. And I would say that Cardano is holding up pretty well despite some of the FUD that we've dealt with, some of the FUD uh surrounding the direction of the ecosystem. Despite some of the things that uh Charles has said that has helped, you know, add fuel to the fire, if you will. This made me think back on something that I had actually gone through before. So, well, uh early on in crypto, I had actually gotten into Hex. I'm sure many people uh have been around they're familiar with Hex. It's a renowned smart contract on chain. And what Hex tried to do, uh w- it was built around a time lock and I'm not going to go too much into what Hex was, but they actually tried to build their own blockchain. After being being uh an Ethereum smart contract, tried to build their own layer one chain and basically fractured the ecosystem. And it caused basically this ripple effect that caused very unfortunate things to take place in terms of price. Just to show everybody when that, you know, when that uh fracture took place, it was actually here in in March of 2024. And you guys can see it led to a drop and downside and actually they stopped reporting um here on TradingView all the way back in December of 2024.

[00:02:03]This led to even further downside from here. It has not looked good for Hex for a very long period of time. But the thing is is that split the ecosystem it in two. And it during that time there was a lot of negativity, a lot of squabbling, a lot of pointing fingers, a lot of the same things that we're seeing right now. I thought it was very interesting that there were a lot of similarities between, you know, Hex, you know, building PulseChain, uh Cardano obviously building Midnight. But that's where the similarities kind of stop.

[00:02:32]Because once PulseChain launched, it was basically here's your chain, do what you will, we're done.

[00:02:40]That's not what's happening with with Cardano. We're watching active development take place. We're watching big partnerships come online. They're hell, we even talked about yesterday PIVX going live. We've talked about Leios making progress, right? And the big difference is uh Hex at the time launched PulseChain, which was a huge competitor to uh Ethereum, which, you know, Hex on on PulseChain was a huge competitor to Hex on Ethereum. Midnight is not or Midnight itself is not a a competitor to Ada.

[00:03:12]Midnight is not a competitor to Cardano.

[00:03:15]They work harmoniously, right? They work with each other. And that's where I think there's a one uh a big disconnect, but two, people have the disconnect about what's actually taking place behind the scenes in terms of Cardano.

[00:03:28]And that's where I think a lot of people are confused.

[00:03:31]Bear markets can be very confusing. They can leave people obviously with a bad taste in their mouth. We see the finger pointing. We see all of the the same stuff that just comes with, you know, uncertainty.

[00:03:41]But that emotional sentiment, if you will, overshadows a lot of the great things that are taking place behind the scenes. Cardano is not dead. Cardano's not dying. You're watching the ecosystem grow. You're watching holders on the rise. You're watching whales in positions increase, right? This is not what you see when an asset is dying, when an ecosystem is dying. You watch progress slow down. Hell, I'm not sure anybody that saw it, um but Polygon, you want to talk about a dying uh ecosystem, a dying blockchain? Just to just to kind of show everybody here, I wish I would have had this pulled up, but Polygon had some pretty big news the other day, which I don't I don't think I got a chance to um cover. And that was Shoot, lost it now. Basically, Polygon is is basically ceasing their ZK EVM.

[00:04:30]There it is.

[00:04:31]Uh it's shutting down come July 1st.

[00:04:34]This is the sign of a dying ecosystem.

[00:04:37]Regression, not progress. Cardano is about progress, progress, progress. Even in the face of uncertainty, even in the face of negativity, and the FUD that we're dealing with. And this isn't me trying to tell people what to do. I just wanted to share my experience cuz I've been through this before. I've been through, you know, what what was an ecosystem fracture. I've been through the FUD. I've been through the uncertainty, the questions about the future. But, don't get confused.

[00:05:04]Progress has not stopped. Now, this was a great post by great po- post by Yura Carmaco. I think I've mentioned one of his posts before. He said, "Ada isn't going anywhere. You can hate from your mom's basement as much as you want. You can bark, you can type, you can do whatever you want, but it's destined.

[00:05:20]Cardano will win in the end, and you will have to live the rest of your life knowing you were on the wrong side of history. We all cho- we all choose. Some choose light, and some and some like you choose the darkness." I thought that was a funny post. I think that's Is that a Batman reference, maybe?

[00:05:37]Bane, I think. Anyways, I I hope I hope everybody gets the point here, right? Cardano has not stopped.

[00:05:44]We're we're pushing forward, and it may not be what people expected. Price may not be moving at the pace that people want, and that's fine. Patience is the biggest thing that we can have while we're undergoing a major transition in terms of Cardano, but a major transition in terms of crypto in general. So, I appreciate you guys. I hope you enjoyed the video. I'm not going anywhere.

[00:06:05]Cardano is not going anywhere. I think we do have a really exciting times coming in the future. I'm very excited to see what this path forward is going to look like, and I'm I'm sure many of you are as well. But, have a great day.

[00:06:16]Show your love below. Catch you guys in the next one. Take care.