Charles Hoskinson Addresses the Growing FUD Surrounding Cardano (ADA)

In the last 90 days, ADA has lost more than 50% of its value, while other altcoins have gained.

The fear, uncertainty, and doubt (FUD) about Cardano (ADA) have been growing steadily as the price of ADA declines non-stop. In the last 90 days, ADA has lost more than 50% of its value, while other Altcoins have gained.

Cardano (ADA) was rocked once again by the news of its delisting on Israeli cryptocurrency exchange, eToro. The news led to a decline in the price of ADA, as the FUD surrounding the asset increased even further.


The declining price of ADA has made Cardano followers believe in the need for Cardano 2 in order to ignite a price resurgence. As a result of the increasing FUD surrounding ADA, the founder of Cardano, Charles Hoskinson, has been forced to speak out.

Cardano’s Future-Proof Design is Enough

According to Charles Hoskinson, the current future-proof design of Cardano is enough. He believes that Cardano will justify itself and clear all FUD when ADA regains its prestigious strength to spike with a new price outlook.

On the Flipside

Hoskinson tweeted the following about the progress;

ADA is currently trading at $1.59 at the time of writing, 50% less than what it was valued at on September 2nd. Some factions in the Cardano community believe that the FUD around Cardano is being highly publicized due to its nature as an Ethereum competitor.

Why You Should Care

The price of Cardano (ADA) has been under greater scrutiny since the launch of Alonzo. While it may be underperforming, ADA could see a price boost when dApps bring more long anticipated utility to the network.


This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia