According to Charles Hoskinson, no announcements or developments can currently boost ADA's price as crypto is in a bear market.
Cardano’s Charles Hoskinson: We Are in a Bear MarketAccording to Charles Hoskinson, no announcements or developments can currently boost ADA’s price as crypto is in a bear market.
The American entrepreneur and founder of Cardano – Charles Hoskinson – opined that ADA has been underperforming recently because crypto is in a bear market. In his view, nothing can move the USD valuation up during the current situation.2022 and especially the last few weeks have not been kind to the cryptocurrency industry as the prices of most digital assets are far away from their top levels registered in 2021.
Addressing the matter and providing his view on why crypto has headed south was Cardano’s founder – Charles Hoskinson. In a recent, the American claimed that digital assets had entered a bear market. Speaking of the USD valuation of his protocol’s native cryptocurrency, he argued that nothing could boost its price up right now.
“Yes, it’s called a bear market. That’s what happens. Nothing changes it. No announcement makes a difference. Cardano could cure cancer[…] give you a personal poker-playing robot that also drives grandma to church on the weekends, and we’d still fall.” Hoskinson’s words come amid his project’s latest updates, which have had a little-to-no positive impact on ADA’s price. As
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