On Thursday (May 5), crypto influencer Ran Neuner, who is the host of the YouTube show “Crypto Banter”, shocked the crypto community by claiming that “we don’t even have a working DEX on Cardano.”

In a video (titled: “73% Of These Altcoins Will Go To Zero!”) released on his popular YouTube channel, Neuner looked at the top 20 cryptoassets and expressed his assessment of each in order to predict which ones would remain in the top 20 during the next five years.

This is what he Neuner had to say about Cardano ($ADA):

I think Cardano is amazing technology. I like Charles a lot. I think he’s one of the smartest people I’ve ever met…

I think Cardano has two problems.Their time to launch is taking too long, and as a result, they’re not getting any of the amazing adoption all the other blockchains are getting. Also, I think too much around Cardano is centered around IOHK and Charles. I think too much of the VC funding is centered around IOHK and Charles, and I prefer blockchains where there are multiple investors with multiple funds that are looking to deploy a lot of money into an ecosystem.

I do hold a Cardano bag — I’ve got to be honest — but it’s not one my biggest bags. And I would like to see much more VC interest. I’d like to the protocol launch properly because we don’t even have a working DEX on Cardano and then we can have another discussion.

Until then, I think Cardano is yet to stay because I think Charles himself can fund it for the next five years, but I don’t think it’s going to be a top 20 coin. That’s what I think. I’m being really honest. I know you guys are gonna cut this up and meme it up with my bad voice, but I’m being pretty honest.

Earlier today, Ethereum and Cardano co-founder Charles Hoskinson responsed by tweeting a short video clip mocking Neuner’s claim:

And before that, Hoskinson and Neuner had this exchange of words:

It is surprising to see Neuner make the claim that Cardano has no working DEXes. Here are a few that DeFi analytics dashboard DeFi Llama knows about:

Source: DeFi Llama


The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.