Cardano is under heavy criticism for low transaction throughput and declining market performance, despite having substantial assets locked in the network.
Criticism for Low TPS
Cardano continues to face criticism for its low transactions per second (TPS), which is only 1.3. This raises concerns about the platform's utility and future, despite $22 billion being locked in the network. Many argue that such a low transaction rate suggests that less than 1.5 users utilize the network at any second.
Fraud Schemes with ADA Tokens
Scammers have targeted Cardano users with fraudulent ADA token migration schemes. This has led to an increase in user complaints and a decrease in trust towards the platform.
Negative ADA Price Trend
The ADA price shows a negative trend, with a declining relative strength index (RSI) and a bearish MACD crossover. These indicators increase market pressure and reinforce negative forecasts for the cryptocurrency.
Cardano faces significant challenges due to low transaction speeds and declining market conditions, undermining the confidence of users and investors.
