When traders go to Vanguard, they drop Cardano and IOTA

Cardano And IOTA, the most well-known players in the crypto industry, have lightened the market when they turn to ghost chains from time to time. A dead chain is a blockchain where the coin is popular, but has no supporting ecosystem.

Cardano and IOTA are dead chains.

Cardano is a popular layer-1 blockchain in 2021 as a good alternative to Ethereum, which was a proof-of-work network at the time. Its popularity is due in part to its prevalence as a peer-reviewed chain that would become a disruptive force in the industry.

After years, Cardano has no major developers working in the blockchain. For example, there are no popular decentralized exchanges (DEXes) and credit protocols. Total value locked (TVL) is less than 350 million dollars. In contrast, new blockchain networks such as Base and Sui have attracted more than $1 billion in assets.

In contrast, IOTA became famous for insisting that it is not a blockchain network. Instead, it is a distributed ledger technology that uses a technology known as Tangle.

IOTA has launched Shimmer in 2023, an EVM-enabled blockchain network, with much fanfare. It didn't even attract major developers after several months.

Therefore, many investors abandoned ADA and IOTA as their prices continued to underperform in the market. Cardano's price has fallen 60% from its peak this year, while IOTA has fallen 75%.

Traders flock to Vantard

At the same time, traders are flocking to Vantard, the upcoming meme coin fund token that is in the pre-sale stage.

According to the information on the website, the developers have now collected 808,240 dollars in tokens in less than three weeks. This trend makes it one of the best performing token sales this year.

The idea for the meme coin index fund was inspired by Vanguard's success. In more than three decades, Vanguard has become a financial powerhouse with more than $8 trillion in assets. Most of these funds are composed of mutual funds and exchange-traded funds that track stocks or bonds.

Vantard hopes to create a fund composed of the top performing meme coins in the industry. It is based on the belief that meme coins will perform better than other traditional cryptocurrencies, especially in bull markets.

Some of the more popular ones were cryptocurrencies such as Popcat, Michy, Phowog, GigaChad and Mu Deng.

Vanguard's performance will be impacted by the Federal Reserve's continued interest rate cuts. Analysts expect the Fed to cut interest rates by 0.25% on Wednesday this week. He also hinted that he would present further cuts in the coming meetings.

Bitcoin and meme coins like Vantard thrive when the Fed cuts rates. You can learn more about and buy Vantard. VTARD token here.