- The crypto community has again fired insults at Cardano.
- Founder Charles Hoskinson clapped back with a bold response.
- However, despite the founder’s fitting response, ADA continues to underwhelm.
Cardano is again under scrutiny from the broader crypto community, accused of being ‘dead,’ ‘defunct,’ and ‘irrelevant’ as ADA’s price struggles to grow, only recording a 13% gain this year.
While the community throws its jabs at the network, Cardano Founder Charles Hoskinson didn’t let it slide and responded assertively, valiantly defending his network’s progress and prowess.
Charles Hoskinson Claps Back, But ADA Still Goes Downhill
In a fitting response to the barrage of insults from the community, Charles Hoskinson boldly claimed, “Cardano is here to say,” reinforcing his rebuttal with compelling evidence.
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Despite ADA’s recent decline, the Founder accentuated the Proof-of-Stake network’s remarkable feats, such as no reboots, slashing, downtime, hacks, forks, and bugs. This stands in stark contrast to its competitors, including Ethereum, Polygon, and Solana, which have grappled with various issues, such as network congestion, outages, and glitches, among other things.
Hoskison’s counterattack galvanized the Cardano community to rally in defense, highlighting the network’s milestones and growth this year. Some users showcased Cardano’s titanic feat of processing over 72 million transactions. Others pointed out the network’s 8.6 million native assets and impressive Total Value Locked (TVL) that surged by over 300% to reach $190 million this year.
This isn’t the first time the Proof-of-Stake network has drawn fire from the crypto community, nor is it the first time the founder has clapped back. The Cardano community, led by Charles Hoskinson, is often ready to pounce whenever their network is cast under the wrong light.
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However, there’s no denying ADA has been underperforming lately as it struggles to maintain above $0.3 and slides into the depths. Many ADA holders are tinged with panic, hoping for intervention from the Whales, but considering the diminishing volume and dwindling price, the token’s downward trajectory will persist.
On the Flipside
- Data aggregator Santiment recognized Cardano as the leader in network development, surpassing Ethereum and Polygon.
- Cardano is the fastest-growing DeFi network in its native currency, surpassing well-established players like Ethereum, Solana, and Polygon.
- Charles Hoskinson previously addressed rumors of being a ghost chain similarly.
Why This Matters
Charles Hoskinson’s swift and fitting response is excellent for the Cardano community because it proves the network’s executives are active and ready to defend against scrutinizers.
More on Cardano:
Cardano Teleports Below $0.28 Following Market-Wide Crash
More from Charles Hoskinson:
Cardano’s Charles Hoskinson Blasts Ethereum’s Staking Process
