In the latest social media controversy, MartyParty, one of the leading figures of the cryptocurrency trading club, Cardano By querying the performance of (ADA), you can compare its transaction speed with its market value. compared. According to MartyParty’s tweet, Cardano has a market cap of $23.5 billion but can only process 1.68 transactions per second.
According to MartyParty:
“Cardano currently processes only 1.68 transactions per second. But does it deserve to have a market value of $23.5 billion?
This message suggested reviewing investments in Cardano and encouraging the transition to more efficient blockchains. This statement by MartyParty on March 26, cryptocurrency It sparked various reactions within the community.
Cardano ($ADA) is currently doing 1.68 transactions per second yet has a $23.5 billion marketcap? 👀
Please people be smarter – sell this token and move to an adopted performing blockchain native token. For the love of god. pic.twitter.com/7TPp401mbs
NEWS CONTINUES BELOW— MartyParty (@martypartymusic) March 25, 2024
In contrast, a user known as SonofGeo expressed his unwavering support for Cardano, expressing deep belief in the blockchain’s potential beyond current transaction speed. However, MartyParty rejected SonofGeo’s defense, highlighting that there is widespread uncertainty about Cardano’s capabilities.
Yes nobody does
— MartyParty (@martypartymusic) March 26, 2024
The recent upward momentum of ADA has added a new layer to the ongoing discussions. Cardano’s native token has witnessed a significant 12.2% increase in its price over the past week and a significant rise in market capitalization reaching $24.165 billion.
This rise in value and market interest, characterized by a 35.4% increase in trading volume, reaching approximately $599 million, shows that investors have increased confidence in the potential of the ADA token.
