Investors Indicate That ADA Is Their Top Pick in This Bear Market

A recent poll hosted on Twitter by the crypto Twitter member @paulbarron shows how crypto investors are looking to take advantage of the current dip to acquire more Cardano (ADA). The poll listed AVAX, ADA, HBAR, and SOL as options and was accompanied by the question, “What are your #altcoin choices for grabbing up on this bottom?”

Over 6,000 people had voted on the poll, of which 89.2% voted that they would buy more ADA during this dip. The option with the next biggest vote is AVAX, with a not-so-impressive 3.9% of the votes. After AVAX is SOL with 3.7% of the votes, and in last place is HBAR with just 3.3% of the votes.

Although the poll is just a small sample of the total number of people in the crypto community, it does give a good indication of the investor sentiment around the Cardano Network and its native ADA token. It shows investors and members of the general crypto community are bullish on ADA during this bear market.

One possible reason is the Cardano team’s continued development work on the main network. The Cardano team has ramped up their development efforts during a time when the rest of the projects in the crypto space have lowered their development pace.

Proof of this is the most anticipated Cardano Network upgrade, the Vasil hard fork. The hard fork is expected to launch within the next few weeks. This upgrade will increase the Cardano Network’s throughput significantly, thus enabling it to scale.