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Charles Hoskinson addresses the growing FUD around Cardano (ADA) from DailyCoin

Charles Hoskinson addresses the growing FUD around Cardano (ADA)

The Fear, Uncertainty, and Doubt (FUD) about (ADA) have grown steadily as the price of ADA continues to decline. In the past 90 days, ADA has lost more than 50% of its value while other altcoins have risen.

Cardano (ADA) was shocked again by the news that it is delisting on the Israeli cryptocurrency exchange eToro. The news resulted in a drop in ADA price as the FUD around the asset rose even further.

ADA’s falling price has led Cardano supporters to believe in the need for Cardano 2 to spark a price surge. As a result of the increasing FUD around ADA, Cardano founder Charles Hoskinson was forced to speak out.

Cardano’s future-proof design is enough

According to Charles Hoskinson, the current future-proof design from Cardano is enough. He believes Cardano will justify itself and wipe all FUDs when ADA regains its prestigious strength to go up with a new price outlook.

On the downside

  • Despite the increase in the designed FUD by ADA, Cardano’s network activity has still increased, with Cardano increasing its block size by 12.5%.

Hoskinson tweeted this about the progress: And they’re scared because it doesn’t take a magical Cardano 2 to survive. It is a future-proof design and we are systematically building on it together with the strongest and most committed community building block by building block

– Charles Hoskinson (@IOHK_Charles) November 28, 2021

ADA is currently trading at $ 1.59 at the time of writing, 50% less than it was valued on September 2nd. Some factions in the Cardano community believe that the FUD around Cardano is heavily publicized due to its nature as a competitor.

Why you should care

The Cardano Price (ADA) has been under scrutiny since Alonzo was launched. While ADA may underperform, ADA could see a price spike if dApps bring a longer expected benefit to the network.


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