Bear case against Cardano versus Polkadot
Thread60 words
Bearish call$ADA−90%since this piece, moved with the call · 1 more callHow it played out ↓Lists criticisms of Cardano: overpromising, thin ecosystem and adoption, eUTXO limits on smart contracts and composability, Plutus/Haskell, and no Ethereum tooling compatibility. Argues Polkadot could flip it.
Key claims
Cardano has no Ethereum dev tool compatibility
eUTXO impairs composability
DOT will probably flip ADA within days
Sums up pretty nicely why $ADA is shit and why $DOT will probably flip it within days! 👀
More👇
medium.datadriveninvestor.com/is-cardano-a-scam-even-bigger-than-tether-40ea0a5c3a4c
Summarized:
💩 Constantly overpromising
💩 Cult-like following
💩 No ecosystem / adoption
💩 No smart contracts (issues with eUTXO)
💩 Impaired composability
💩 Shit programming language (Plutus/Haskell)
💩 No compatibility with Ethereum dev tools
Watch out $ADA, $DOT is coming
1 image on X
How the calls played out · since 14 Oct 2021
Prices as of 23 Oct 2026This piece takes a view on $ADA, $DOT, so those moves are read against the call.
−90%
Moved with the call · over 5 years
- At publication
- $2.19
- Now
- $0.216
- vs BTC
- −93%
- After 1 month
- −6.1%
- After 3 months
- −40%
- After 1 year
- −83%
- High since
- +4.1% 10 Nov 2021
- Low since
- −93% 26 Jun 2026
−97%
Moved against the call · over 5 years
- At publication
- $41.73
- Now
- $1.19
- vs BTC
- −98%
- After 1 month
- +11%
- After 3 months
- −34%
- After 1 year
- −85%
- High since
- +30% 05 Nov 2021
- Low since
- −98% 19 Aug 2026
Since then
Zero has written 11 more pieces on Polkadot and $DOT and $ADA since this one.
- Seven vibe-coded apps built on Polkadot Products devnetOn Polkadot
- Polkadot catalyst checklist: PolkaVM, JAM, agile coretime and DOT ETFCovers $DOT
- Niche verticals and network effects: Polkadot and Sei ecosystem playbooksCovers $DOT
- Polkadot ecosystem status: Hydration, Mythos, peaq, PolkaVM, JAM and DOT ETFsCovers $DOT
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish thesis is read as a call; explainers, maps and mentions are context. Not financial advice.