- Mike Novogratz tweeted last night that LUNA and SOL are better alternatives for ADA.
- This follows his earlier suggestion that ADA has no value as a digital asset.
- Only time will tell if this move will result in Cardano speeding up the launch of its most-awaited updates.
Here’s what the ex-hedge fund manager tweeted on Monday night:
I have learned one thing in the past 24 hrs, Cardano has a passionate group of followers. 😉
I have no position and still think there are better level one alternative bets like $LUNA and $SOL. Investors don’t have to catch every trade. not wishing any ill will on team $ADA…
— Mike Novogratz (@novogratz) August 16, 2021
For context, Novogratz hasn’t exactly been a fan of the 3rd/4th biggest cryptocurrency. Added to that, he hasn’t shied away from sharing his opinion about it. Just two days ago, he became the center of a heated discussion on how Cardano does or does not have value as a digital asset. As a result, as he mentioned in the above tweet, he came to learn how strong Cardano’s community is.
Further poking the fire that he had ignited, he suggests two alternatives to ADA— the Terra-based LUNA, and Solana’s SOL. To be exact, he calls them “better level one alternative bets”.
Still, Mike’s stance in this tweet was less offensive, as he even negated wishing any ill will on team ADA. Earlier, he had downright attacked the crypto by saying he had spoken to 20 experts, all of whom rejected it.
Obviously, crypto Twitter was quick to react. However, a lot of users seemed to be taking a nicer approach. For instance, one user replied:
Honestly bro, you do what’s best for you! Glad you took a look at $ADA and found what works best for you. #Cardano has a great ecosystem and great things will come from it! Hope to have you onboard within the community soon ❤️
— Jova (@TheGamingJova) August 16, 2021
One of the many things the crypto space is known for is the toxicity between communities that support major coins. Novogratz seems to have tapped the Cardano community’s anger for now, even though he claims to “have no position”. Only time will tell if this move will result in Cardano speeding up the launch of its most-awaited updates.