Cardano, Hedera and Polkadot lost a potential demand catalyst after Grayscale withdrew its ETF filings for ADA, HBAR and DOT, which is clearly not bullish. Per @ZenaXBT, the filings had sat with the SEC for about a year, and no reason was given. x.com 

Older-generation layer-1s such as Cardano and Polkadot lack the catalysts needed for a comeback. A post the author replies to notes Cardano has collapsed 93.4% from a $101B peak to a 5.5-year low. x.com 

Polkadot remains bullish over the longer term as one of the few crypto tokens backed by an ETF. x.com 

Polkadot is another failed "Ethereum killer": its parachains never generated meaningful adoption while the DOT token kept inflating year after year. Hype over relay chains, parachains, crowdloans and slot auctions drove DOT to $54 in 2021; it now trades around $0.84, down about 99%. Investor confidence has disappeared and the ecosystem has slowly faded. x.com 

Cardano is getting smoked because it pumped on the L1 narrative and hasn't been cool since 2021; even if that narrative catches a bid again, newer projects and narratives may pass it by. x.com 

Cardano is first in line to benefit from a proposed US crypto market structure bill whose mature-blockchain standard favors networks like it. Per @MinswapIntern, the framework would exclude decentralized network tokens from securities classification, emphasizing decentralized governance, open-source infrastructure, non-custodial staking and distributed validators. Cardano, XRP and Ethereum would get digital commodity status, while most new projects face securities labels. x.com 

Cardano is large-cap vapour trending toward zero: a $7B fully diluted valuation is utterly ridiculous for a legacy infrastructure project that has delivered nothing. Everyone holding for the last six years is at a loss, and the next cycle is unlikely to repump it because retail now has more attractive frontier equities to chase. Long revenue-producing crypto assets with value accrual and short vapour infrastructure remains a good long-term trade. x.com  x.com 

Cardano is hollow, with high costs and low usage, and the shutdown of TapTools, one of its main data and infrastructure platforms, is a leading indicator that apps will follow. It sold decentralization and research for years while deferring speed, UX and incentives, lacking the builder culture that carried Ethereum and Solana. Its value has fallen from about $95B to roughly $8B, and founder Charles Hoskinson warned more Cardano DeFi projects could die in late 2026, per Coin Bureau. x.com  x.com  … Show more

T. Rowe Price's approved Active Crypto ETF is an underpriced institutional shift toward public blockchains like Solana, Cardano and Avalanche. The $1.7 trillion manager will actively manage credit, staking yields and sector rotation across eligible assets rather than passively holding BTC. With DTCC also connecting tokenization infrastructure to public networks, the private-chain narrative is dead and public mainnets are becoming global settlement layers. x.com 

Altcoins have a stronger cycle setup because the Fed’s balance sheet has been growing again after shrinking from 2023 to 2025, when alts lagged Bitcoin. Improving risk ratios point the same way. The outlook is not certain: the author assigns 50% odds to chop, 40% to outperformance and 10% to a decline. x.com  x.com  x.com  x.com  x.com