Survey Shows ADA Is the Most Widely Held Crypto in the Bear Market

[Myntist.official]

Yet again, Cardano (ADA) won by a landslide margin in a Twitter poll against Bitcoin (BTC) and Ethereum (ETH). The poll was conducted by London Real TV on Twitter on June 6, 2022.

The Twitter poll simply asked people to vote for the coin they feel confident holding in this bear season. Out of 8,861 total votes casts, 76.9% of the respondents picked ADA. BTC got 11% votes, while ETH got only 5%.

This represents the third time ADA would win in a major Twitter poll since January 2022.

In a poll conducted last month by The_Bicoin_Express on Twitter, ADA won by 80.3% against Solana (SOL), Avalanche (AVAX), and Algorand (ALGO), which all had below 10% votes out of the 15,458 total votes cast.

The largest poll so far was the one run by Vitalik Buterin in January 2022, the co-founder of the Ethereum Network, where over 600k people participated. ADA won against BTC there by 42%. BTC came second in the race by 38.4%

ADA is the native token of Cardano, a proof-of-stake blockchain. According to TheCoinRepublic, Cardano is one of the most stable blockchain networks in the cryptocurrency industry. Its founder, Charles Hoskinson, also a co-founder of the ETH network, defined ADA as a solid, futuristic technology with a programming staff that places a premium on accuracy over speed.

ADA is one of the top six cryptocurrencies, with a market cap of over $21 billion. It outperformed its peers in the last seven days, gaining above 6%, where BTC, ETH, and BNB all had negative values. At the time of writing, ADA trades at $0.6098.

[electronicash]

i was looking the survey up on twitter and this is what i found https://twitter.com/VitalikButerin/status/1481737970562789376

i guess the lack of options made ADA the next and its a twitter community. there are more ADA holders there and its more surprising to see BTC got 38.4% votes only.

[cryptoaddictchie]

ADA is one of the top six cryptocurrencies, with a market cap of over $21 billion. It outperformed its peers in the last seven days, gaining above 6%, where BTC, ETH, and BNB all had negative values. At the time of writing, ADA trades at $0.6098.

Yes maybe it is well established when it comes to marketcap but think about it. Among other competitors its also lag behind those earlier L1 projects in terms of price discovery and market growth. Its like an alt project with a very stable movement like stocks. So I agree that its one of the stable alts in thr choices. Not gaining massively and not dumping too much too.

[GreatArkansas]

Maybe because ADA is the 2nd altcoins that are still here after how many years? We all know Ethereum is the first.
But I still don't agree with it, ADA for me is not qualified for it. I am surprised Bitcoin didn't win in that poll, but yeah, it's just a poll. It could be flooded by lot of bots for sure.
It's still not enough to let my heart will go to ADA.

[masterrex]

Well, thats good for ADA and its community, if that so-called survey is reliable, but I think it will not last long if this trend will continue to dominate the market space, I doubt that even ADA prices will be heavily affected by this widespread dump, especially now that there are too many dramas in the crypto space, so IMO, we cannot rely on that surveys if this kind of trend will continue so I guess everyone will prepare for the worse.

[Xal0lex]

Yet again, Cardano (ADA) won by a landslide margin in a Twitter poll against Bitcoin (BTC) and Ethereum (ETH). The poll was conducted by London Real TV on Twitter on June 6, 2022.

And what real reflection of affairs does this poll show? What is its victory as the most common coin in the bear market? ADA has already lost over 80% of its value and could lose even more if bitcoin continues to fall. It might win in the poll, but in the market, right now ETH and BTC are losing their value more slowly than ADA.

[KennyR]

Yet again, Cardano (ADA) won by a landslide margin in a Twitter poll against Bitcoin (BTC) and Ethereum (ETH). The poll was conducted by London Real TV on Twitter on June 6, 2022.

And what real reflection of affairs does this poll show? What is its victory as the most common coin in the bear market? ADA has already lost over 80% of its value and could lose even more if bitcoin continues to fall. It might win in the poll, but in the market, right now ETH and BTC are losing their value more slowly than ADA.

Whenever I get into the coinmarketcap there is continued decline in the price of bitcoin. Today it have reached near to $22k and if this continues $20k will serve as the major support. ADA is a good choice for the investors looking for low price altcoin on the top order. The market price at ADA have fallen to the range of $0.45 from the price around $0.6 in a week's time. This is something around 25% drop. In the same period bitcoin and ethereum have experienced a much higher percentage of drop.

[South Park]

Yet again, Cardano (ADA) won by a landslide margin in a Twitter poll against Bitcoin (BTC) and Ethereum (ETH). The poll was conducted by London Real TV on Twitter on June 6, 2022.

And what real reflection of affairs does this poll show? What is its victory as the most common coin in the bear market? ADA has already lost over 80% of its value and could lose even more if bitcoin continues to fall. It might win in the poll, but in the market, right now ETH and BTC are losing their value more slowly than ADA.

The only poll that mattes are the markets themselves, it is not rare for those which are holding altcoins to try to bring all kind of metrics to try to prove their coin is more popular than bitcoin, this is similar to what happens in sports when a fan tries to prove why their team deserved the win when the reality is they lost, so those polls do not serve any other purpose but to deceive anyone that dares to listen about whatever altcoins they have chosen and the potential they have relative to bitcoin.

[VRExpress]

Surveys are not reliable to begin with, they are always invaded with bots and fake ratings so don't make a move simply because of this, I wonder why BTC isn't leading that poll because its simply the best, anyway Cardano isn't that bad but many new altcoins will take the lead in top 10 of 2025, we have seen this happened in every bull market.

[jostorres]

Well, thats good for ADA and its community, if that so-called survey is reliable, but I think it will not last long if this trend will continue to dominate the market space, I doubt that even ADA prices will be heavily affected by this widespread dump, especially now that there are too many dramas in the crypto space, so IMO, we cannot rely on that surveys if this kind of trend will continue so I guess everyone will prepare for the worse.

Voting polls set up on Twitter are never enough reasons for you too base your decisions. Nevertheless, cardano is still a really good cryptocurrency for anyone that wants to invest in the alternate cryptocurrency market.

But, the numbers on Twitter does not tell exactly what people are up to. If you really want to know what people are really into, then you should be checking the market capitalization, and also the most traded coins on exchanges. When you look at all this information you would see that the coins you think are on top are never really the ones that a lot of people are into.

[TheUltraElite]

And what real reflection of affairs does this poll show? What is its victory as the most common coin in the bear market? ADA has already lost over 80% of its value and could lose even more if bitcoin continues to fall. It might win in the poll, but in the market, right now ETH and BTC are losing their value more slowly than ADA.

Twitter polls and surveys are as good as asking whether to invest in bitcoin or fiat in a forum which is about bitcoin. They are not reliable and neither are they an extrapolation of the general trend in the market but a niche group following a specific influencer/social media celebrity.

What we all know is that ADA has a good community to back it, but that does not stand to what bitcoin and ethereum has already had. My choice duing a bear market does not vary with the name of the currency but what I was already holding for a longer period. Maybe I would be buying more but the base portfolio remains same.

Who said that during a bear market you need to exchange all your assets to something else? Seems BS according to me.

[Xal0lex]

Yet again, Cardano (ADA) won by a landslide margin in a Twitter poll against Bitcoin (BTC) and Ethereum (ETH). The poll was conducted by London Real TV on Twitter on June 6, 2022.

And what real reflection of affairs does this poll show? What is its victory as the most common coin in the bear market? ADA has already lost over 80% of its value and could lose even more if bitcoin continues to fall. It might win in the poll, but in the market, right now ETH and BTC are losing their value more slowly than ADA.

Whenever I get into the coinmarketcap there is continued decline in the price of bitcoin. Today it have reached near to $22k and if this continues $20k will serve as the major support. ADA is a good choice for the investors looking for low price altcoin on the top order. The market price at ADA have fallen to the range of $0.45 from the price around $0.6 in a week's time. This is something around 25% drop. In the same period bitcoin and ethereum have experienced a much higher percentage of drop.

What difference does it make how much an asset has fallen in a short period of time? Only speculators pay attention to that, investors look at long-term value preservation opportunities and older timeframes. And in those categories ADA loses to bitcoin. If everyone was looking at how much an asset loses in a week, we would have popular assets that aren't even in the first thousand on coinmarketcap.

[Kavelj22]

i was looking the survey up on twitter and this is what i found https://twitter.com/VitalikButerin/status/1481737970562789376

i guess the lack of options made ADA the next and its a twitter community. there are more ADA holders there and its more surprising to see BTC got 38.4% votes only.

I do not find it possible to rely on conclusions based on pre-established algorithms automatically without taking into account the specifics of the topic.
We all know that during crises there is a very narrow scope for digital currencies that earn fantastic profits with the advancement of their position in exchange for the decline of others.

[doomloop]

The largest poll so far was the one run by Vitalik Buterin in January 2022, the co-founder of the Ethereum Network, where over 600k people participated. ADA won against BTC there by 42%. BTC came second in the race by 38.4%

This can't be. If we look at anywhere, btc is the one crypto coin that is being talk the most during this bear. Everyone suggested to invest in btc and next to it would be eth but it is surprising that ada still manage to won the competition secretly. There are comparisons about avax and ada but it can be obvious that ada is going to win on that one. I think the reason why ada won is because it more cheaper than the two giant coins.

Ada also has its own fundamentals and that shouldn't be mentioned anymore as many people already knows that. As of now, btc is still declining. If this continues, more and more people are going to pick btc and btc could win this time.

[zonefloor]

If every survey brought successful or good results, everything could have been foreseen. How do we know that this poll was not made by his fans? Or how do we know that this survey was not completed by bots. Surveys are by no means reliable. At least according to me. There is only one rule that I take as a basis in this market, and that is that people invest according to the flow of money and the movements of the market, not surveys. When I examine the survey, it is obvious that manipulation was done. What could Ada do so that she could do something after this time?

[Captain Corporate]

Honestly, if you think that a twitter poll would show you anything at all, then you are crazy. You can give me the top 20 coins right now, and I can get polls made in the right places and can get all different 20 results at the same time showing each of them at the top. This has to be realized right? Like people know that twitter polls mean absolutely nothing. Let me put it this way, there was a nation wide poll in my country during last elections, about 600k people voted, which is lets face it a lot more than what these guys did, we are talking about 600 thousand people! Thats a lot, and it showed one candidate getting %53, and the other %35, we had literally exactly opposite of that in real elections, think about it, EXACTLY the opposite of that. The one that got %53 in twitter poll got 31, and the one that got 35 had 51 in real one.

[cryptomaniac_xxx]

Not sure how accurate the survey is, or if it really represents the sample data. But in any case, I have some few ADA  . The thing that made me hold ADA is that it's a solid project, simple as that. And it's not about overtaking this and that crypto, its that I see how it grow throughout the years. Even in the last bear market I have been discussing it with some of my friends and then exploded in the bull run of 2020-2021. So I guess even if we are in a bear market, maybe, just maybe it is a good coin to invest and HODL again for me.

[TimeTeller]

Not sure how accurate the survey is, or if it really represents the sample data. But in any case, I have some few ADA  . The thing that made me hold ADA is that it's a solid project, simple as that. And it's not about overtaking this and that crypto, its that I see how it grow throughout the years. Even in the last bear market I have been discussing it with some of my friends and then exploded in the bull run of 2020-2021. So I guess even if we are in a bear market, maybe, just maybe it is a good coin to invest and HODL again for me.

If you are a holder, you will definitely keep up with their developments.
And if you see that they are accomplishing their targets, then, you can tell if the project has their future or not.
And even if the survey is not accurate, as many other surveys, I believe, that ADA has their chance to survive in this market.
But as a holder, you have the responsibility to always check what's going on with your portfolio.

[batang_bitcoin]

What a coincidence, someone just posted on my social that ADA is performing better than Ethereum this week. And what he has said that it's all about the vasil fork that is about to come. I'm not an investor of ADA but this time when the whole market is bloody, it is making me greedy to buy those that I want including altcoins that are potentially going to come back better than they were. It's not about surpassing the ATH that they have because I'll leave that to bitcoin and ethereum but about the potential stability that these altcoins have. It seems that if you're a big investor for ADA, you shouldn't just buy and invest on it but also take note on what's happening with the development because there's so much more.

[bittraffic]

ADA is one of the top layer1 smart contract platform which is the awaited part of the investors is the full  functional contract that ETH projects can migrate to it. It has room for its price growth because of it.

ADA has its own bull run timeline. There were times when BTC is not going up but ADA keeps pushing its price up. I think one of the reason why investors trust ADA is because of its founder Charles who they know is a co-founder of ETH. And he also have been developing projects to countries in Africa.