|

Cardano (ADA) revamps the marketing strategy: Subreddit and Twitter channels grow massively

  • Cardan subreddit grows from 200,000 to 400,000 in less than two months.
  • Cardano brand awareness on the rise on Twitter and other social platforms following the internal restructuring.

Cardano has from its inception kept a small marketing profile compared to other crypto projects like Tron (TRX). Several bodies have been in charge of Cardano’s marketing over the years including IOHK, Emurgo and Cardano Foundation. However, the primary responsibility for the Cardano Foundation is to market the network. However, the community has felt that the organization is not up to the task.

The community said that the organization did not meet its obligations, in turn, sparking an internal conflict. Petitions emanated from the community that pushed for the removal of the chairman of the Foundation, Michael Parsons. This particular petition gathered thousands of signatures.

An agreement between the founder of Cardano, Charles Hoskinson, Ken Kodama the CEO of Emurgo and Michael Parsons led to internal restructuring of the Cardano Foundation. Following the restructuring process, their efforts seem to be yielding positive results.

The project has begun gaining traction within the community where the network is seeing a steady rise in the traffic on its website from around 200,000 to 400,000 in the period between February and April 2019 as per the data provided by SimilarWeb.

In addition to that, there has been a steady growth on the networks social media channels as well in the period starting January 2019. Cardano subreddit increased from roughly 50,000 members to about 70,000 (data from Reddit metrics). Twitter, on the other hand, has seen a month-over-month average from 1,000 to 2,550 representing 155% increase according to Social Blade.

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

More from John Isige
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades. 

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.