Charles Hoskinson’s Bold Statement on Cardano
Charles Hoskinson, the CEO of Input Output, has impressed the community with an extremely optimistic post on X about how Cardano is set to revolutionize the internet.
This announcement follows Hoskinson’s recent trip to Washington, DC, where he mentioned that “great progress” has been made regarding the much-discussed legislation on crypto market structure during a recent roundtable meeting.
Earlier today, Grayscale’s multi-token ETF, which provides exposure to ADA along with several other major tokens, achieved the much-sought approval from the U.S. Securities and Exchange Commission. Nate Geraci, an ETF analyst, noted that the product is expected to attract considerable demand.
This comment has elicited some sarcastic and critical responses from Cardano skeptics, particularly within the Bitcoin community.
Nonetheless, even some individuals in the Cardano community have expressed their grievances towards Hoskinson. For example, one community member highlighted ADA’s severely poor price performance over the last few years, humorously suggesting that Hoskinson should sell his helicopter to assist struggling holders.
Data from CoinGecko shows that ADA’s price has plummeted by an astounding 70% from its peak recorded in September 2021.
Currently, ADA is trading at $0.922, making it the 10th largest cryptocurrency by market capitalization.
