#CryptoNews

Ben Armstrong criticized the performance of Cardano, saying that few people can name at least three blockchain projects.

“If you trade on an exchange, if you often use the project or its cryptocurrency, this means that there is more liquidity there and that you save on commissions. Which affects the exchange rate, price slippage, and other similar things,” Armstrong reasoned.

Another major reason for Cardano's underperformance is the lack of capital from institutional investors, the blogger suggested. Most of the liquidity is locked in staking, and as long as it remains there, people will not put much money into the blockchain.

“Look where the big money is and where it's going. TradFi comes to the crypto market, and ADA remains on the sidelines. This does not mean that the coin will not have a good bull run. But this means that the ADA will be limited until the bigger fish are fed up,” the blogger added.

Cardano Charles announced that Armstrong has always been friendly with him, and now it is sad to see the crypto influencer going down the wrong path. Forbes called Cardano a “zombie network,” along with the Ripple, Bitcoin Cash, Litecoin and Stellar blockchains.