Cardano founder Charles Hoskinson has responded to what seems to be a deliberate exclusion of the network from one of the biggest crypto reports of the year. The Messari seventh annual crypto report titled “Crypto Theses for 2024” is a 200-page report covering a range of topics from Layer 1 blockchains to decentralized finance (DeFi), among other things. However, the Cardano community was quick to notice that the network was not mentioned and has taken to social media to demand answers.
Cardano Founder Responds To Messari’s Omission
Following the release of the Messari crypto report, one community member took to X (formerly Twitter) to call out the platform for omitting Cardan. In the post, @StakeWithPride points out each blockchain and how many times they were mentioned in the article. Bitcoin appeared a total of 178 times, Ethereum saw a 96-word count, Solana appeared 65 times, Bob was mentioned 5 times, and XRP came up 3 times, but Cardano was not mentioned at all.
Word count in the 2024 Messari crypto report.
Bitcoin 178 Ethereum 96 Solana 65 BNB 6 XRP 3 Cardano 0#Cardano $ADA https://t.co/JkJqoHGdDJ
— St₳kΣ with Pride
(@StakeWithPride) December 19, 2023
Following this, Tamara Haasen, the president of IOG, the developer behind the Cardano network, called out the CEO of Messari Ryan Selkis for an explanation for the omission. “Just be honest, why no mention? You won’t hurt our feelings,” Haasen said.
Selkis would respond, defending the work of his team, saying that the report was compiled based on the economic activity of the ecosystems. Due to this, a number of networks, not just Cardano, did not make the list as they did not have as much economic activity as those mentioned in the Messari report.
Cardano founder Charles Hoskinson also joined the fray as the community continued to express their displeasure at the report. “The community comments using your own data I think speak for themselves. I’m glad we have a public square to debate and discuss these things,” Hoskinson said simply.
ADA Shakes Off Cardano Issues
Despite the issues that the Cardano network has run into, its native token ADA has not missed a beat in its performance. It is already up over 100% in the year 2023 and has hit new highs for the year as well. However, it is not stopping there as one analyst expects the token’s outperformance to continue.
Crypto analyst Dan Gambardello, in a video analysis, has pointed out some key indicators that could drive the ADA price rally. These indicators include structural shifts in the market trends of the altcoin, as well as a shift in the market sentiment. The analyst believes that these will drive further uptrends for ADA.
Additionally, the analyst points out that the Cardano token has been rallying even ahead of the Bitcoin halving in 2024. This means that the ADA price could surge further before the event that is expected to kickstart the next bull market.
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