I am a new member of this forum and a new owner of some ADA. Because I am relatively new to crypto at all I am doing some research in the last couple of weeks. While doing research, chatting on telegram and watching youtube videos somebody send me an article of a site i didnt know before and warned me about this project even tho everybody on the planet seems to be stoked:
Article from June 14
The author in this article is referring to some data coming from an “AdaScan”. He provides a link in his article to some charts. You will come by while reading. The article starts a little bit tendentious what i dont like at all but I want to know your thoughts on his proposed facts. I cant do research on primary sources and i am new to cryptos as mentioned… moreover this is an opportunity for me to get in touch with the community
His conclusion on comparing the different charts is that there is actual on-chain activity spoofed (when there is none). Furthermore he claims that developers only make ghost updates with no real changes… (Maybe thats normal when you go to mainchain?!). At the end he is showing some screenshots which show that there were transactions 4 times the market cap in the last 24 hours (when i google market cap i get way other amount of money 7 days later).
I cant really see a discussion in the comment section of this article so i am guessing that his article has not had real attention. Anyway, I am interested in your fundemental opinion on his data and conclusions.
Greetings from Germany