Cardano Founder Reiterates Long-Term Purpose Amid Sell-Off Panic

Cardano Founder Reiterates Long-Term Purpose Amid Sell-Off Panic

Cardano (ADA) has been experiencing struggling prices since it hit its all-time high above $3 back at the start of September. Since then, it has been on a downward trend and had fallen below $2 for the first time as October drew to a close. Despite some important announcements and strides on the part of the project, the token has not seen much recovery, leading to panic among its holders. In light of this, founder Charles Hoskinson once again took to YouTube to address those whom he thinks are too overly concerned about price rather than the technology. This will not be the first time that....


Related News

1.1M noobs panic sell, but Bitcoin hodlers DGAF

Weak hands are panic selling, but long-term BTC holders have seen it all before. While new entrants to Bitcoin markets have been panic selling at a loss, the recent market slide has not vexed the old hands.Heavy selling in response to hints from Elon Musk that Tesla may soon sell its BTC stash saw Bitcoin prices tumble to their lowest levels in 20 weeks as the markets found support near $42,000 on Monday, May 17.According to on-chain analytics provider, Glassnode, the crash predominantly saw newer traders exiting from their positions at a loss while long-term hodlers stood their....

Cardano Founder Addresses Liquidity Concerns Over eToro Delisting

Panic had washed over the Cardano community after news broke that midsize exchange eToro would be delisting the token, alongside Tron. The announcement came as a surprise and users milled onto social media to try to get explanations after receiving the email alerts. eToro had not given much of an explanation besides regulatory concerns which did not do much to quell the panic. Many had worried that the delisting was a result of low liquidity. Given this, there had been the need for some clarification. Cardano founder Charles Hoskinson took to Twitter to address these concerns, assuring....

Cardano Turns Bullish In The Short-Term, But Is That All?

Cardano (ADA) has seen the bulls finally reclaim control after a long stretch in the bear territory. This is a welcome change for the digital asset which remains one of the largest cryptocurrencies and widely used networks. However, after properly cementing its position in this bullish level for the short term, the question still remains on how the digital asset is looking towards the long term. ADA Bullish For The Short Term The price of Cardano (ADA) successfully broke above $1.2, which puts it on a bullish path for the short term. The indicators for this include the fact that the....

Cardano Founder Expects The Birds to Land in March as ADA Sentiment Recovers

Cardano Founder Charles Hoskinson gave an update on “birds,” saying they are still in the air but, much to his frustration, will land later than expected. He then reminded us, considering the scale of what Cardano is trying to achieve, these delays won’t matter in the long run. “Birds, Birds, Birds. There are definitely a […]

The Next Big Thing: Why Cardano Founder Wants To Team Up With Kraken

Cardano founder Charles Hoskinson has expressed a desire to work with Kraken, one of the largest crypto exchanges in the world. This comes as the Layer 2 blockchain market is heating up and major players in the space are delving into developing their own L2s. Cardano Founder Wants To Build An L2 Last week, news […]