{"id":647347,"date":"2024-10-11T03:30:37","date_gmt":"2024-10-11T03:30:37","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=647347"},"modified":"2024-10-10T17:43:44","modified_gmt":"2024-10-10T17:43:44","slug":"cardano-isnt-dying-charles-hoskinson-defends-project-amid-ada-price-criticism","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/cardano-isnt-dying-charles-hoskinson-defends-project-amid-ada-price-criticism\/","title":{"rendered":"\u2018Cardano Isn\u2019t Dying\u2019: Charles Hoskinson Defends Project Amid ADA Price Criticism"},"content":{"rendered":"

Cardano founder Charles Hoskinson took X to defend the project from its detractors, arguing that the network has continued to grow and thrive despite the criticism. As ADA\u2019s price falls 2.9%, some analysts warn of the next key level to watch out for.<\/p>\n

\n
Related Reading: Worldcoin Drops 6% Amid Alameda Research 1.5 Million Token Sale, Will WLD Price Hold?<\/a><\/div>\n<\/div>\n

Charles Hoskinson Defends Cardano<\/h2>\n

On Thursday, Charles Hoskinson addressed the adverse response towards Cardano in an X post. Hoskinson noted<\/a> that the crypto community\u2019s sentiment about the project has lately been more negative than usual.<\/p>\n

However, he argued that Twitter\u2019s sentiment change isn\u2019t a reflection of the project failing \u201cbut rather the desired result of Voltaire.\u201d Cardano\u2019s \u201cVoltaire\u201d era<\/a> is set to turn the network into \u201cthe most advanced blockchain governance system,\u201d focusing on decentralized governance and its future sustainability.<\/p>\n

Hoskinson believes that Cardano’s collaborative efforts and the transparency of the network is what sets it apart from the rest of the crypto space. \u201cIt’s why we are loathed by a lot of others. Their backroom deals and dirty tricks can’t be hidden because there is no one to ask to do it under the table,\u201d he added.<\/p>\n

In the post, the project\u2019s founder also underscored Cardano\u2019s \u201cpassion\u201d for integrity and long-term vision for growth and progress:<\/p>\n

\n

Short-term thinking, market manipulation, and companies seeking a handout have no role or place here. That’s the difference that makes a difference.<\/p>\n<\/blockquote>\n

Lastly, Hoskinson remarked that the project is not dying<\/a> but \u201cthriving and growing.\u201d He that ADA is one of the last cryptocurrencies still wanting to be a real crypto instead of \u201cthe patron of Blackrock and Wall Street for number go up preferences.\u201d<\/p>\n

ADA Could See A 10% Drop Soon<\/h2>\n

The crypto community reacted to Hoskinson\u2019s message, with many arguing that, regardless of the developments, the Network\u2019s \u201clack of volume\u201d and \u201climited\u201d ecosystem growth remains a problem for its community.<\/p>\n

Meanwhile, part of ADA\u2019s community agreed with Hoskinson, concurring<\/a> that \u201cit is the only chain that has truly built what I can only see as the groundwork to deliver on the promise of crypto.\u201d<\/p>\n

Despite the ongoing criticism, some market watchers remain bullish about ADA\u2019s future price action. Crypto analyst Dan Gambardello recently predicted<\/a> that the cryptocurrency will \u201ceasily\u201d reclaim the $1 mark before year\u2019s end.<\/p>\n

To Gambardello, the exponential surge \u201ccould happen fast\u201d and leave many \u201cflabbergasted.\u201d Additionally, he stated that after the 200% surge, ADA\u2019s potential targets of $5 and $10 would \u201clook more realistic.\u201d<\/p>\n

Related Reading: Experts Discuss What Made Solana Memecoins The Cycle\u2019s Top Narrative<\/a><\/div>\n

Conversely, crypto analyst Sebastian warned<\/a> about a key level to watch for following ADA\u2019s recent performance. Earlier this week, the analyst highlighted that ADA showed signs of a breakout after retesting the trendline it had recently broken above $0.35.<\/p>\n

However, the cryptocurrency’s price dropped 2.9% in the last 24 hours, falling below the $0.34 mark. The analyst signaled<\/a> that ADA must hold the current levels as failing to bounce from the $0.335 level could send the token to a retest of the $0.30 support level.<\/p>\n

As of this writing, ADA is trading at $0.337, a 1.95% and 2% decline in the weekly and monthly timeframes.<\/p>\n

\"Cardano,
Cardano (ADA) performance in the weekly chart. Source: ADAUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Cardano founder Charles Hoskinson took X to defend the project from its detractors, arguing that the network has continued to grow and thrive despite the criticism. As ADA\u2019s price falls 2.9%, some analysts warn of the next key level to watch out for. Related Reading: Worldcoin Drops 6% Amid Alameda Research 1.5 Million Token Sale, Will WLD Price Hold? Charles Hoskinson Defends Cardano On Thursday, Charles Hoskinson addressed the adverse response towards Cardano in an X post. Hoskinson noted that the crypto community\u2019s sentiment about the project has lately been more negative than usual. However, he argued that Twitter\u2019s sentiment change isn\u2019t a reflection of the project failing \u201cbut rather the desired result of Voltaire.\u201d Cardano\u2019s \u201cVoltaire\u201d era is set to turn the network into \u201cthe most advanced blockchain governance system,\u201d focusing on decentralized governance and its future sustainability. Hoskinson believes that Cardano’s collaborative efforts and the transparency of the network is what sets it apart from the rest of the crypto space. \u201cIt’s why we are loathed by a lot of others. Their backroom deals and dirty tricks can’t be hidden because there is no one to ask to do it under the table,\u201d he added. In the post, the project\u2019s founder also underscored Cardano\u2019s \u201cpassion\u201d for integrity and long-term vision for growth and progress: Short-term thinking, market manipulation, and companies seeking a handout have no role or place here. That’s the difference that makes a difference. Lastly, Hoskinson remarked that the project is not dying but \u201cthriving and growing.\u201d He that ADA is one of the last cryptocurrencies still wanting to be a real crypto instead of \u201cthe patron of Blackrock and Wall Street for number go up preferences.\u201d ADA Could See A 10% Drop Soon The crypto community reacted to Hoskinson\u2019s message, with many arguing that, regardless of the developments, the Network\u2019s \u201clack of volume\u201d and \u201climited\u201d ecosystem growth remains a problem for its community. Meanwhile, part of ADA\u2019s community agreed with Hoskinson, concurring that \u201cit is the only chain that has truly built what I can only see as the groundwork to deliver on the promise of crypto.\u201d Despite the ongoing criticism, some market watchers remain bullish about ADA\u2019s future price action. Crypto analyst Dan Gambardello recently predicted that the cryptocurrency will \u201ceasily\u201d reclaim the $1 mark before year\u2019s end. To Gambardello, the exponential surge \u201ccould happen fast\u201d and leave many \u201cflabbergasted.\u201d Additionally, he stated that after the 200% surge, ADA\u2019s potential targets of $5 and $10 would \u201clook more realistic.\u201d Related Reading: Experts Discuss What Made Solana Memecoins The Cycle\u2019s Top Narrative Conversely, crypto analyst Sebastian warned about a key level to watch for following ADA\u2019s recent performance. Earlier this week, the analyst highlighted that ADA showed signs of a breakout after retesting the trendline it had recently broken above $0.35. However, the cryptocurrency’s price dropped 2.9% in the last 24 hours, falling below the $0.34 mark. The analyst signaled that ADA must hold the current levels as failing to bounce from the $0.335 level could send the token to a retest of the $0.30 support level. As of this writing, ADA is trading at $0.337, a 1.95% and 2% decline in the weekly and monthly timeframes. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":602565,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,84005,79508,12332,93191,1286,26263,12715,93167,10923,82833],"class_list":["post-647347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-ada-price","tag-adausdt","tag-cardano","tag-cardano-voltaire","tag-charles-hoskinson","tag-crypto-analyst","tag-crypto-community","tag-crypto-investor","tag-crypto-market","tag-voltaire"],"acf":[],"yoast_head":"\nCardano Founder Defends Project Amid ADA Price Criticism<\/title>\n<meta name=\"description\" content=\"Cardano (ADA) founder defended the project on X after the community\u2019s sentiment turned \u201cmore negative\u201d than 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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