While there are new developments regarding the Vasil Hard Fork in Cardano, Cardano Blockchain founder Charles Hoskinson talked about the ADA price.
Hoskinson said Cardano has never been stronger.
Hoskinson Evaluates ADA Price
Cardano founder Charles Hoskinson evaluated the decline of ADA in his post on his Twitter account. Hoskinson, who wrote that crypto broke from reality in the post on his Twitter account, expressed his surprise about the ADA price.
A universal truth about crypto is that the markets are disconnected from reality. Cardano has never been stronger and frankly many other projects are also solid across the industry, yet you don't see that reflected- just a sea of red. Macro factors always win out. (1/2)
— Charles Hoskinson (@IOHK_Charles) September 6, 2022
In his assessment, Hoskinson said:
“Cardano is at its strongest right now, and frankly, many projects in the cryptocurrency market are also pretty solid, but this is not reflected in the price. All that is seen is a sea of red. Macro factors always win”
While Hoskinson said that there will be better days ahead, he also stated that Cardano has never been this strong.
Cardano dropped nearly 8 percent until the close last day. It is also worth noting that besides Cardano (ADA), all other major cryptocurrencies are experiencing a decline. In this decline, Bitcoin (BTC) fell below $ 19,000. Cardano is currently trading at $0.46 at the time of writing, according to CoinGecko data.
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