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Why I put @Cardano in the Bear category:
➣ It's the "old project"
Cardano is viewed by most as an old & abandoned project. While other ecos embraced new trends and innovation, Cardano was standing behind.
➣ No innovation
Smart contracts arrived late and remain hard to use, scaling solutions are delayed, and Cardano’s eco has seen no breakout apps.
➣ No real-world adoption
No killer use cases, no stablecoin supply, or consumer adoption compared to other Bull tier ecos.