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Charles Hoskinson Addresses the Growing FUD Surrounding Cardano (ADA)

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.

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

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    Author

    Milko Trajcevski has been in the crypto world for years, and as such has gathered both a skill for writing as well as a native prowess when it comes to understanding everything that occurs within that world. Through skilled writing and determination, he covers articles about cryptocurrency, tokens, blockchain, crypto-asset regulations, crypto wallets, exchanges, liquidity, DApps, forks, mining, security, and blockchain technologies. He is a professional with a track record of proven expertise within the crypto space.