Is Cardano (ADA) a good buy? No. Tokenomics are a mess.
I believe in crypto.
Yes, it is highly volatile. Yes, it’s a speculation. And yes, it’s the most misunderstood asset in the world.
But blockchain is one of the biggest investing opportunities today. It’s why I started a newsletter dedicated to finding the best cryptocurrencies on the market.
The problem is, the vast majority of coins are total garbage. Even some of the popular ones, like Cardano (ADA).
Cardano, is a “base layer” crypto… meaning it’s the foundation on which dozens of other cryptos can be built.
So, what’s wrong with Cardano?
In short, it has almost no functional applications built on its chain. And nothing of importance is being built on Cardano. Its price is mostly based on hype and speculation instead of actual demand for the token.
What’s more, Cardano’s tokenomics are a mess.
There are 33 billion ADA tokens on the market today, with another 12 billion set to hit the market over the next few years.
Make no mistake, that big influx will to diminish its value. We’re talking about coin with a 36% inflation already programmed in it.
Please, stay clear of Cardano.
Focus instead on cryptos with good tokenomics like Ethereum (ETH) or Solana (SOL).
P.S: For more insights and analysis, subscribe to my investing letter The Jolt⚡.
I publish fresh research on cryptocurrencies and stocks every M/W/F.
