Popular Trader Calls Cardano (ADA) One of His Worst Investments: The Community Reacts

“The growth in Cardano’s technology has been amazing, and the best is yet to come,” says an X user.

The steep decline has left many investors frustrated, including popular content creator Jake Gagain, who described ADA as one of his worst investments since entering the crypto market.

“To waste such a great opportunity?”

In addition to expressing regret over his investment, Gagain emphasized that Cardano still has a strong community and enormous potential. He said he was disappointed to see the team lose “such a great opportunity” and asked his followers if they still had ADA.

Are after on X sparked a heated debate, with many users sharing their experiences with the token. One person agreed with Gagain stating that the Cardano community is among the most dedicated, “but the execution and speed have been painful to watch for years.”

The dissatisfaction was echoed by countless others, some of whom vowed to distance themselves from ADA for good and shift all altcoins and their capital exclusively to Bitcoin (BTC) from now on.

Others stood out from this thesis. X user Michael Lesser claimed that Gagain doesn’t understand the definition of a bear market, adding that his timing is bad.

“If you have an investment thesis and patience, ‘paper losses’ are just that. The growth in Cardano’s technology has been great and the best is yet to come,” he said.

Many investors who remain bullish said they would continue accumulating ADA, believing that sooner or later the token will reach a new all-time high. Some even flashed the ‘diamond hands’ emoji to indicate their determination not to sell under any circumstances.

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Meanwhile, certain X users attacked Gagain for promoting meme coins, which performed much worse than ADA. In the summer of 2024, for example claimed that NEIRO could be the next “billion-plus dollar project” on the Ethereum blockchain. It is important to note that the asset’s market capitalization briefly rose above $1 billion in late 2024, but has since suffered a sharp decline, and the current capitalization is less than $30 million.

What’s next for ADA?

Cardano’s native token was one of the biggest beneficiaries of the market’s recent revival, with its price rising 9% weekly. Recent whale activity suggests a further jump may be on the way.

If CryptoPotato Major investors have reportedly amassed nearly 820 million coins over the past six months, increasing their total holdings to 25.36 billion tokens, or nearly 70% of ADA’s circulating supply.

These types of large purchases leave fewer tokens on the open market, which could result in a rising price (should demand remain constant or increase). Buying whales also sends a strong signal that they believe in the long-term future of the asset, and that confidence could attract smaller players to the ecosystem.

Some analysts have observed ADA’s recent comeback and anticipated further gains if key levels are regained. X user Nehal argued that break and hold above $0.30 could lead to a rise towards $0.32 and $0.34.