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Novogratz Strikes Again: $LUNA and $SOL Better Than Cardano (ADA)?

Novogratz Strikes Again $LUNA and $SOL Better Than Cardano (ADA)
  • 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.

Looks like Mike Novogratz just can’t have enough of Cardano… or Cardano hate for that matter.

Here’s what the ex-hedge fund manager tweeted on Monday night:

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:

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.

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Lisa is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.