{"id":38635,"date":"2021-03-10T11:18:26","date_gmt":"2021-03-10T09:18:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38635"},"modified":"2025-08-30T05:45:01","modified_gmt":"2025-08-30T02:45:01","slug":"mike-novogratz-asks-followers-to-tell-him-about-cardano","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mike-novogratz-asks-followers-to-tell-him-about-cardano\/","title":{"rendered":"Mike Novogratz asks followers to tell him about Cardano"},"content":{"rendered":"<p>The founder of Galaxy Digital, a crypto bank, Mike Novogratz, asked his Twitter followers what Cardano (ADA) is and why the asset has such a large market capitalization.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Last question before I go shower, can anyone make a real bull case for <a href=\"https:\/\/twitter.com\/search?q=%24ADA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ADA<\/a>? Does anyone build on it? Use it? Why is market cap so high? Should it be a funding asset? It\u2019s one of the few cryptos I haven\u2019t traded in my life.<\/p>\n<p>\u2014 Mike Novogratz (@novogratz) <a href=\"https:\/\/twitter.com\/novogratz\/status\/1369255782462746624?ref_src=twsrc%5Etfw\">March 9, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAccording to Novogratz, Cardano is one of several cryptocurrencies he has never traded. He also asked what sustains the coin\u2019s bull run and whether it would be suitable for funding.<\/p>\n<p>Critics replied that Cardano has no real use cases. In their view, the project is a flop because it does not support smart contracts.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">2017 relict. Nobody wants to program in Haskell.<br \/>\nHype coin.<br \/>\nNow they say smart contracts not needed? Big red flag.<\/p>\n<p>\u2014 Link\u20bfall (@LinkBall7) <a href=\"https:\/\/twitter.com\/LinkBall7\/status\/1369258205428264962?ref_src=twsrc%5Etfw\">March 9, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAt the end of February Cardano <a href=\"https:\/\/u1f987.com\/en\/news\/cardano-becomes-the-third-largest-cryptocurrency-by-market-capitalization\">became the third asset<\/a> by market capitalization. According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/all\" target=\"_blank\" rel=\"nofollow noopener\">CoinGecko<\/a>, as of writing the asset ranks fourth with a market cap of $37.3 billion. Over the last 30 days the ADA token rose 77% to $1.17.<\/p>\n<div id=\"attachment_127445\" style=\"width: 1279px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-127445\" class=\"size-full wp-image-127445\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-433.png\" alt=\"Mike Novogratz asked his followers to tell him about Cardano\" width=\"1269\" height=\"331\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-433.png 1269w, https:\/\/u1f987.com\/wp-content\/uploads\/1-433-300x78.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-433-1024x267.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1-433-768x200.png 768w\" sizes=\"auto, (max-width: 1269px) 100vw, 1269px\" \/><\/p>\n<p id=\"caption-attachment-127445\" class=\"wp-caption-text\">Top-10 cryptoassets by market capitalization. Data: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/all\" target=\"_blank\" rel=\"nofollow noopener\">CoinGecko<\/a>.<\/p>\n<\/div>\n<p>Earlier, the crypto-focused investment fund FD7 Ventures <a href=\"https:\/\/u1f987.com\/en\/news\/dubai-based-investment-fund-to-divest-750m-in-bitcoin-to-boost-cardano-and-polkadot-holdings\">plans to divest from Bitcoin<\/a> for $750 million in favor of Cardano and Polkadot.<\/p>\n<p>Earlier, bassist Gene Simmons <a href=\"https:\/\/u1f987.com\/en\/news\/kiss-bassist-gene-simmons-buys-cardano-for-300000\">bought ADA for $300,000<\/a>.<\/p>\n<p>Subscribe to ForkLog News on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The founder of Galaxy Digital, a crypto bank, Mike Novogratz, asked his Twitter followers what Cardano (ADA) is and why the asset has such a large market capitalization.<\/p>\n","protected":false},"author":1,"featured_media":38636,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1401,1303],"class_list":["post-38635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cardano-ada","tag-mike-novogratz"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=38635"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38635\/revisions"}],"predecessor-version":[{"id":38637,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38635\/revisions\/38637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38636"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}