Analytics Companies Don't Understand Crypto

K33 presents itself as an analytical company focusing on cryptocurrencies. It targets professional investors. They recently released a research note titled ‘Why you should sell all your ADA (Cardano)’. This note was only 2 pages long, which is surprising in itself. I would expect more from an analytics company. The content is even more shocking. Analysts claim that nothing is happening on Cardano. That 90K transactions are not significant. The reason for selling ADA is primarily the absence of a USD-backed stablecoin. They compare Cardano with NEO, IOTA, and EOS projects. They consider peer review and research-driven development unnecessary luxuries for financial protocols. Let’s use this opportunity and look at it from a slightly different perspective that perhaps the analysts from K33 are missing.

This article was prepared by Cardanians with support from Cexplorer.

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