{"id":569735,"date":"2024-01-16T08:30:50","date_gmt":"2024-01-16T08:30:50","guid":{"rendered":"https:\/\/wncen.com\/?p=569735"},"modified":"2024-01-16T08:26:27","modified_gmt":"2024-01-16T08:26:27","slug":"crypto-research-firm-says-sell-all-your-cardano-ada","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/","title":{"rendered":"Crypto Research Firm Says ‘Sell All Your Cardano (ADA)’, Here’s Why"},"content":{"rendered":"

K33 Research, a prominent entity in the cryptocurrency research sector, has released a scathing report on Cardano (ADA), sparking widespread discussion in the crypto community. The report bluntly advises investors to divest from Cardano, citing a lack of meaningful use for its native token, ADA.<\/p>\n

Sell All ADA Now?<\/h2>\n

In a detailed examination<\/a>, K33 Research asserts that the Cardano network suffers from a significant lack of practical application, which is essential for the inherent value of its native token. The report states, “A smart contract network needs meaningful use for its native token to have any value. The Cardano network, however, has no meaningful use or any credible track to get it.”<\/p>\n

Addressing the counterargument often presented by Cardano supporters regarding the network’s daily transactions averaging around 90,000, the report argues that these do not equate to meaningful blockchain activity. The report further elaborates, “There\u2019s nothing else going on in the Cardano Network than exchange transfers and a group of bagholders fabricating blockchain activity.”<\/p>\n

Related Reading: Cardano\u2019s 2024 Kickoff: First Two Weeks Show Major Updates, Report<\/a><\/div>\n

K33 Research highlights the absence of external evidence supporting any significant activity on the Cardano network, contrasting it with other protocols where real activity is corroborated by external proofs. This lack of external validation is termed as ‘proof by contradiction’ by the research firm.<\/p>\n

One of the most telling indicators of inactivity, according to the report, is the situation of stablecoins on the Cardano network. K33 Research points out that the absence of major stablecoins like USDT<\/a> and USDC<\/a> on Cardano is a clear indicator that no meaningful decentralized finance (DeFi) activities are taking place. The only stablecoins present are reportedly Cardano-collateralized and valued at 76 cents to the dollar, which it refers to as “another word for nothing.”<\/p>\n

\"network
Network stablecoin value relative to market cap | Source: K33<\/figcaption><\/figure>\n

Future Outlook For Cardano<\/h2>\n

K33 Research is pessimistic about Cardano’s future, drawing parallels with other blockchain projects that started with no traction and later faded into irrelevance. The report notes that successful blockchains evolve over time, whereas “creationistic, grand idea, subsidized bootstrapping, and no real use-blockchains” eventually lose their luster. It cites examples like IOTA, NEO, and EOS to illustrate this pattern.<\/p>\n

Related Reading: Is Cardano The Next Solana? Institutional Investors Clamor For ADA Exposure<\/a><\/div>\n

Despite Cardano’s current market valuation of $19 billion, K33 Research attributes this to its availability on various exchanges and its appeal to new crypto investors. The report critiques the narrative surrounding Cardano, describing it as “scientific mumbo-jumbo” that might mislead newcomers.<\/p>\n

“Ada is a well-established coin that is tradeable \u2018everywhere\u2019, also on smaller local exchanges, making it one of the coins that are ‘pushed’ to aspiring crypto investors. Cardano also has an enticing story for newcomers, with Cardano being branded as ‘the peer-reviewed research-driven blockchain network’,” the report mentions.<\/p>\n

However, K33 Research foresees a decline in this allure, predicting that the number of new investors attracted to Cardano will dwindle.\u00a0Moreover, K33 Research casts doubt on the long-term viability of ADA, citing a lack of rally in its price compared to other strong smart contract tokens during recent market rallies<\/a>.<\/p>\n

“Ada has not rallied in line with other ‘stronger’ smart contract tokens when markets have improved,” the report states, suggesting a gradual fade from relevance rather than an abrupt disappearance.<\/p>\n

\"Drawdowns
Drawdowns since September 2021 | Source: K33 Research<\/figcaption><\/figure>\n

According to K33 Research, the market doesn’t rapidly eliminate such coins but instead “bleeds them out” over time. The report concludes, “Things never happen overnight, and these processes often take years to play out fully. Still, all price signals also point to Ada gradually disappearing from the crypto map.”<\/p>\n

At press time, ADA traded at $0.531.<\/p>\n

\"Cardano
ADA price held above the 200-week EMA, 1-week chart | Source: ADAUSD on TradingView.com<\/figcaption><\/figure>\n
Featured image from Shutterstock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

K33 Research, a prominent entity in the cryptocurrency research sector, has released a scathing report on Cardano (ADA), sparking widespread discussion in the crypto community. The report bluntly advises investors to divest from Cardano, citing a lack of meaningful use for its native token, ADA. Sell All ADA Now? In a detailed examination, K33 Research asserts that the Cardano network suffers from a significant lack of practical application, which is essential for the inherent value of its native token. The report states, “A smart contract network needs meaningful use for its native token to have any value. The Cardano network, however, has no meaningful use or any credible track to get it.” Addressing the counterargument often presented by Cardano supporters regarding the network’s daily transactions averaging around 90,000, the report argues that these do not equate to meaningful blockchain activity. The report further elaborates, “There\u2019s nothing else going on in the Cardano Network than exchange transfers and a group of bagholders fabricating blockchain activity.” Related Reading: Cardano\u2019s 2024 Kickoff: First Two Weeks Show Major Updates, Report K33 Research highlights the absence of external evidence supporting any significant activity on the Cardano network, contrasting it with other protocols where real activity is corroborated by external proofs. This lack of external validation is termed as ‘proof by contradiction’ by the research firm. One of the most telling indicators of inactivity, according to the report, is the situation of stablecoins on the Cardano network. K33 Research points out that the absence of major stablecoins like USDT and USDC on Cardano is a clear indicator that no meaningful decentralized finance (DeFi) activities are taking place. The only stablecoins present are reportedly Cardano-collateralized and valued at 76 cents to the dollar, which it refers to as “another word for nothing.” Future Outlook For Cardano K33 Research is pessimistic about Cardano’s future, drawing parallels with other blockchain projects that started with no traction and later faded into irrelevance. The report notes that successful blockchains evolve over time, whereas “creationistic, grand idea, subsidized bootstrapping, and no real use-blockchains” eventually lose their luster. It cites examples like IOTA, NEO, and EOS to illustrate this pattern. Related Reading: Is Cardano The Next Solana? Institutional Investors Clamor For ADA Exposure Despite Cardano’s current market valuation of $19 billion, K33 Research attributes this to its availability on various exchanges and its appeal to new crypto investors. The report critiques the narrative surrounding Cardano, describing it as “scientific mumbo-jumbo” that might mislead newcomers. “Ada is a well-established coin that is tradeable \u2018everywhere\u2019, also on smaller local exchanges, making it one of the coins that are ‘pushed’ to aspiring crypto investors. Cardano also has an enticing story for newcomers, with Cardano being branded as ‘the peer-reviewed research-driven blockchain network’,” the report mentions. However, K33 Research foresees a decline in this allure, predicting that the number of new investors attracted to Cardano will dwindle.\u00a0Moreover, K33 Research casts doubt on the long-term viability of ADA, citing a lack of rally in its price compared to other strong smart contract tokens during recent market rallies. “Ada has not rallied in line with other ‘stronger’ smart contract tokens when markets have improved,” the report states, suggesting a gradual fade from relevance rather than an abrupt disappearance. According to K33 Research, the market doesn’t rapidly eliminate such coins but instead “bleeds them out” over time. The report concludes, “Things never happen overnight, and these processes often take years to play out fully. Still, all price signals also point to Ada gradually disappearing from the crypto map.” At press time, ADA traded at $0.531. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":569736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,84005,12332,89230,12329,89517],"class_list":["post-569735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-price","tag-cardano","tag-cardano-news","tag-cardano-price","tag-k33-research"],"acf":[],"yoast_head":"\nCrypto Research Firm Says 'Sell All Your Cardano (ADA)'<\/title>\n<meta name=\"description\" content=\"K33 Research, a prominent entity in the cryptocurrency research sector, has released a scathing report on Cardano (ADA), sparking widespread discussion in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Research Firm Says 'Sell All Your Cardano (ADA)'\" \/>\n<meta property=\"og:description\" content=\"K33 Research, a prominent entity in the cryptocurrency research sector, has released a scathing report on Cardano (ADA), sparking widespread discussion in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-16T08:30:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-16T08:26:27+00:00\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2006902073.jpg?fit=6500%2C3500\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Crypto Research Firm Says ‘Sell All Your Cardano (ADA)’, Here’s Why\",\"datePublished\":\"2024-01-16T08:30:50+00:00\",\"dateModified\":\"2024-01-16T08:26:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/\"},\"wordCount\":667,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2006902073.jpg?fit=6500%2C3500\",\"keywords\":[\"ADA\",\"ADA price\",\"Cardano\",\"Cardano news\",\"Cardano price\",\"K33 Research\"],\"articleSection\":[\"Cardano\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/\",\"url\":\"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/\",\"name\":\"Crypto Research Firm Says 'Sell All Your Cardano (ADA)'\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2006902073.jpg?fit=6500%2C3500\",\"datePublished\":\"2024-01-16T08:30:50+00:00\",\"dateModified\":\"2024-01-16T08:26:27+00:00\",\"description\":\"K33 Research, a prominent entity in the cryptocurrency research sector, has released a scathing report on Cardano (ADA), sparking widespread discussion in\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2006902073.jpg?fit=6500%2C3500\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2006902073.jpg?fit=6500%2C3500\",\"width\":6500,\"height\":3500,\"caption\":\"Cardano ADA price\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto Research Firm Says ‘Sell All Your Cardano (ADA)’, Here’s Why\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/wncen.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Crypto Research Firm Says 'Sell All Your Cardano (ADA)'","description":"K33 Research, a prominent entity in the cryptocurrency research sector, has released a scathing report on Cardano (ADA), sparking widespread discussion in","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/","og_locale":"en_US","og_type":"article","og_title":"Crypto Research Firm Says 'Sell All Your Cardano (ADA)'","og_description":"K33 Research, a prominent entity in the cryptocurrency research sector, has released a scathing report on Cardano (ADA), sparking widespread discussion in","og_url":"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-01-16T08:30:50+00:00","article_modified_time":"2024-01-16T08:26:27+00:00","author":"Jake Simmons","twitter_card":"summary_large_image","twitter_image":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2006902073.jpg?fit=6500%2C3500","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Crypto Research Firm Says ‘Sell All Your Cardano (ADA)’, Here’s Why","datePublished":"2024-01-16T08:30:50+00:00","dateModified":"2024-01-16T08:26:27+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/"},"wordCount":667,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2006902073.jpg?fit=6500%2C3500","keywords":["ADA","ADA price","Cardano","Cardano news","Cardano price","K33 Research"],"articleSection":["Cardano"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/","url":"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/","name":"Crypto Research Firm Says 'Sell All Your Cardano (ADA)'","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2006902073.jpg?fit=6500%2C3500","datePublished":"2024-01-16T08:30:50+00:00","dateModified":"2024-01-16T08:26:27+00:00","description":"K33 Research, a prominent entity in the cryptocurrency research sector, has released a scathing report on Cardano (ADA), sparking widespread discussion in","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2006902073.jpg?fit=6500%2C3500","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2006902073.jpg?fit=6500%2C3500","width":6500,"height":3500,"caption":"Cardano ADA price"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Crypto Research Firm Says ‘Sell All Your Cardano (ADA)’, Here’s Why"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Research Firm Says ‘Sell All Your Cardano (ADA)’, Here’s Why","url":"http:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano\/crypto-research-firm-says-sell-all-your-cardano-ada\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2006902073.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2006902073.jpg?fit=6500%2C3500"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","ada price","cardano","cardano news","cardano price","k33 research"],"dateCreated":"2024-01-16T08:30:50Z","datePublished":"2024-01-16T08:30:50Z","dateModified":"2024-01-16T08:30:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Research Firm Says ‘Sell All Your Cardano (ADA)’, Here’s Why\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/crypto-research-firm-says-sell-all-your-cardano-ada\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/crypto-research-firm-says-sell-all-your-cardano-ada\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/shutterstock_2006902073.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/shutterstock_2006902073.jpg?fit=6500%2C3500\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"ada price\",\"cardano\",\"cardano news\",\"cardano price\",\"k33 research\"],\"dateCreated\":\"2024-01-16T08:30:50Z\",\"datePublished\":\"2024-01-16T08:30:50Z\",\"dateModified\":\"2024-01-16T08:30:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2006902073.jpg?fit=6500%2C3500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/569735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=569735"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/569735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/569736"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=569735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=569735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=569735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}