BitMEX Former CEO Likened This Altcoin in the Top 10 to a "Shit Coin" and Explained the Reason!

Former BitMEX CEO Arthur Hayes, known for his striking statements about Bitcoin and cryptocurrencies, this time put Cardano on his radar.

In a recent interview with the YouTube channel Coin Bureau, Hayes compared Cardano (ADA) to the “first Ethereum wannabe”.

Continuing his comments for Cardano, the famous name later described Cardano as a useless cryptocurrency in his post from his X account.

Going further, Hayes compared the ADA to a shit coin.

Additionally, pointing out that to date there has not been any dApp launched on Cardano, heavily used or offering Cardano-based services, Hayes asked ADA supporters if there is such a Cardano-based dApp.

Lastly, BitMEX former CEO Hayes tagged Cardano founder Charles Hoskinson in his post and asked for an answer from Hoskinson.

“For you ADA supporters, which dAPP in this list I presented was originally launched on Cardano? Or are there any dApps that are heavily used or offer Cardano-based services?

I have very limited knowledge on this subject and in my opinion there are no dApps based on Cardano. That's why ADA is a shit coin.

Dear Cardano founder Charles Hoskinson, please enlighten me on this matter.”

*This is not investment advice.

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