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Many crypto analysts have a list of crypto tokens that they expect to make a run when the <\/span>bull market returns<\/span><\/a>. Sadly, Cardano (<\/span>ADA)<\/span><\/a> hasn\u2019t made the list as crypto analyst Lady of Crypto has outlined five reasons why the crypto token will not perform well during that period.<\/span><\/p>\n In a <\/span>video<\/span><\/a> posted on her YouTube channel, the first reason she stated was that Cardano had a slow <\/span>development<\/span><\/a> pace and that it could not thrive in a fast-paced crypto industry. She alluded to the time when the blockchain network experienced a <\/span>delay in the Vasil hard fork<\/span><\/a> and other times when there have been network congestions and an increase in transaction fees.\u00a0<\/span><\/p>\n According to her, Cardano is going to continue to fall behind its competition until one day when the network becomes \u201cinsignificant.\u201d<\/span><\/p>\n Secondly, Lady of Crypto mentioned that no one was using the Cardano blockchain. She used data from the <\/span>crypto analytics platform DefiLlama<\/span><\/a> to drive home her point. Her assertion was based on the daily active users, protocols built on the network, and network\u2019s <\/span>total value locked <\/span><\/a>(TVL), of which Cardano ranked 13th, 30th, and 15th, respectively, at the time of her making the video.\u00a0<\/span><\/p>\n While these rankings might not be bad, she noted that it is bad for Cardano, which positions itself as one of the \u201cblue-chip cryptos\u201d as it suggests that it is underperforming.\u00a0<\/span><\/p>\n The third reason seemed to relate to her first reason, as she noted that Cardano was <\/span>slow and expensive<\/span><\/a> compared to its competitors. She noted that Cardano\u2019s average transaction speed is 20 seconds, which is slower than other networks like <\/span>Ethereum<\/span><\/a>, <\/span>Solana<\/span><\/a>, <\/span>Arbitrum<\/span><\/a>, Polygon, and Avalanche. Transaction fees on the network are also expensive compared to those other networks.<\/span><\/p>\n<\/p>\n The Lady of Crypto went on to the fourth reason, where she stated that the network was overhyped, and although the adjective may be subjective, she doesn\u2019t believe that applies in this case.\u00a0<\/span><\/p>\n She noted that Cardano has a partnership with McCann Dublin, a global advertising and marketing agency, which has helped to bring about this \u201cmanufactured hype\u201d alongside the help of the network\u2019s \u201c<\/span>cult following<\/span><\/a>.\u201d She suggested that all this hype was just talk, as there was no substance to back it up.\u00a0<\/span><\/p>\n The last reason is the fact that Cardano doesn\u2019t seem to have any real-world adoption. Although the blockchain company has at different times announced <\/span>partnerships<\/span><\/a> with governments and institutions, the tangible results of these partnerships are non-existent.\u201d<\/span><\/p>\nCardano\u2019s Flaws Might Be ADA\u2019s Downfall<\/h2>\n
ADA recovers to $0.26 | Source: ADAUSD on Tradingview.com<\/a><\/pre>\n
Cardano Is Overhyped<\/h2>\n