It is no surprise that the recent market selloff was triggered by ICOs cashing out on ETH. This and perhaps the fact that Ethereum has not been able to produce any meaningful dAPPs that function without a glitch. Add to that the numerous hacks that happened on this blockchain and you get the picture: ETH is sick and will probably go down in history as the first good blockchain idea with terrible execution.
Now I have always found it odd that the whole space has to suffer because Bitcoin or Ethereum have problems. No sane/rational person would accept that in any other markets.
This brings me to my main point: Cardano needs to step up and show the entire community how it’s stack is better than anyone else’s. Now is a crucial inflection point for the space and I am convinced that no other open platform can do what Cardano can.
There has never been a better time to reclaim that throne. Cardano is simply too good of a stack to be number 8 at this point. How can anyone miss this???