The inclusion of ADA token in the US strategic crypto reserve is under discussion, provoking mixed reactions in the crypto community.
Arguments for ADA’s Inclusion
Launched in 2017, Cardano is characterized by its research-driven approach and uses a delegated proof-of-stake mechanism. The Catalyst project manages the community proposal fund. The Plomin hard fork confirmed the transition to fully decentralized governance.
Concerns Over Cardano’s Activity
Despite its age, Cardano shows low activity in the smart contract ecosystem. Transaction and active address numbers lag behind competitors. Concerns are further fueled by its underperformance in decentralized application usage and stablecoin market share.
Investment Prospects for ADA
The question of investing in ADA remains complex. Low activity and weak staking incentives raise doubts, but capped supply and focus on decentralization might offer a competitive edge. New projects could unlock DeFi opportunities and boost network activity.
The question of ADA's inclusion in the US government’s crypto reserve is complex and contentious. Prospects for development and developer support will be critical for the future use of the token.
