Support! #ada

Many people are still holding onto幻想 about ADA, saying things like 'ADA went up to $3 in 2021 even though it had nothing, so now that it has smart contracts and PoS, the price must be severely undervalued.'
In my view, this is just typical self-comfort.

ADA managed to surge to $3 in 2021 primarily because the market had extremely high expectations for its smart contracts and PoS, combined with massive macroeconomic stimulus, rampant liquidity, and overwhelming marketing campaigns promoting it as the 'third-generation blockchain' and 'Ethereum killer.' Naturally, capital was eager to invest.

But as each 'delivery' has been rolled out over time, everyone now knows the real situation with ADA: TVL has remained stagnant for a long time, the network is slow, prone to lagging and even chain breaks. Each so-called 'major upgrade' has brought not excitement, but yet another wave of disappointment from investors.

The same logic applies: the crypto market in 2021 lacked the backing of the U.S. government and the enthusiasm of Wall Street, but by 2025, the crypto environment has these favorable factors, which is why Bitcoin has broken through $100,000. Then why has ADA dropped from $3 all the way down to $0.3?
This in itself speaks volumes. Even with favorable macro conditions, a coin without solid fundamentals can only become a discarded asset in the tide of macro capital.

Recently, I read a book that contains a sentence perfectly suited for ADA investors:
"Don't invest based on what it plans to do in the future—look at what it has actually accomplished in the past."
And ADA is precisely a project that has achieved almost nothing over the past few years. #ADA