Cardano’s founder has stated that the network can do little in the face of the prevailing bear market facing cryptocurrencies.
Cardano’s dev team has an interesting streak of innovations but the price is down by over 80% from its all-time high.
Cryptocurrencies are writhing under a strong bearish sentiment over the last couple of months. Cardano (ADA) appears to be one of the hardest hits of the lot with the project’s founder stating that “no announcement makes a difference”.
Bear market reigns supreme
Charles Hoskinson, Cardano founder, has bared his mind over the state of the cryptocurrency markets. Hoskinson confirmed that the markets are neck-deep in bearish territory and Cardano’s stellar innovations are being overshadowed by broader macroeconomic factors.
He claimed that Cardano had “gotten all the fundamentals right” with the network making moves to be faster, more decentralized, and attract more users to the ecosystem. A Twitter user asked Hoskinson why ADA continued to...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...