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$ASTER saw CZ lose but still forced a smile and tweeted, turns out he is also a big retail investor. I have a somewhat immature idea, thinking of buying the dip on CZ, haha, anything below 0.9 for ASTER should be considered a pretty good price, right? Buy, buy, buy.
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Ada coin is the native token of the Cardano blockchain. In the early stages of the project, it gained fame through its "academic-driven" positioning, with the team leveraging endorsements from top research teams and technical innovations in a layered architecture as selling points. They raised significant funds in the market, and the white paper outlined grand visions comparable to Ethereum's smart contract ecosystem and cross-chain interoperability, attracting a large number of retail investors to enter at high prices.
However, during the project's progression, there were frequent occurrences of "delays." Core functionalities, such as the launch time of the smart contract platform Alonzo, were postponed multiple times, and the subsequent scaling solutions and ecological applications lagged behind, severely disconnected from the timelines promised in the white paper. What was even more frustrating for investors was that during the price fluctuations of the token, the team repeatedly issued vague progress announcements to "stabilize" the situation, yet they could not deliver substantial results for a long time.
The prolonged lag in technical implementation and the "wishful thinking" marketing led to a continuous collapse of market confidence. The price of Ada coin plummeted over 90% from its historical high, leaving early retail investors deeply trapped, thus being seen as a typical case of "wishful thinking + delay tactics" to harvest retail investors in the cryptocurrency space.