In my view your point is some valid in most of developing countries media is controlled and these governments don't want to spread this so just because of this they are developing environment which is not suitable for this in some countries big whales which are afraid of this bitcoin they are also spreading rumors which are becoming in negative way

Cardano is very good and its can give very tough competition to Ethereum but still we can say Ethereum is much superior from competitors as its bring new ways for many other devs which is good we can say this could be very good and healthy competition between few which is very important for new technology and future like Cardano Waves and Ethereum

We can say its not bright but also not bad at all as community is very good and strong and devs also working but they need to do some more work for this as need to bring new features and some more attraction for spreading quickly I used this for very low fees but still need to work in marketing