Head of Coin Bureau Says He’s Looking To Get Back Into Cardano (ADA), but Sees Problems With Ecosystem

A popular crypto analyst says his interest in Cardano (ADA) is returning, although he has one concern about the blockchain’s ecosystem.

In a new interview with Altcoin Daily, the pseudonymous host of Coin Bureau known as Guy says that while he recently sold off his ADA holdings it is a promising project likely to survive the market turmoil.

“I like Cardano. I sort of have this weird thing with Cardano. It’s like one day I’m really, really bullish on it. And the next day, I kind of start questioning it. … the Cardano community is one of the biggest, one of the most active, one of the most supportive and [ADA founder Charles Hoskinson] is this really kind of inspirational figure.

I sold out ADA recently to hold in [stablecoin], but I’d definitely be considering going back into it as well. There’s interesting stuff happening.”

Guy says his concern about ADA is whether the blockchain is well-suited for developers to build on.

“I don’t think there’s been a huge amount of cooperation between projects on Cardano. And I still keep hearing this stuff about how it’s quite a difficult ecosystem to build in.”

Guy predicts that ADA is going to remain one of the sustainable blockchain projects amid market turmoil.

“I think there are really cool projects building there and that community seems to be enough to sustain it through tough times at least.”

Guy did not pick ADA for his top five list of altcoins to invest in during a recession. His selections at the top of the list included decentralized blockchain network Cosmos (ATOM) and proof-of-stake protocol Algorand (ALGO).

At time of writing, ADA is changing hands at $0.258.


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Featured Image: Shutterstock/Giordano Aita

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