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Charles Hoskinson, founding father of Cardano [ADA], took to Twitter to reply to an allegation made round Cardano’s ongoing tasks. He tweeted that regardless of all of the progress the blockchain made, some people didn’t see the identical.
The co-founder’s tweet was in response to a netizen speculating the behaviour of cryptocurrency enterprises round promising and underneath delivering. And even worse, by no means delivering in order to maintain folks glued for attainable future outcomes.
What’s extraordinary to me is that the individuals who tweet these items truly imagine it whatever the proof given. It is principally like spiritual beliefs. Yearly, we’ve got moved mountains collectively, however he cannot see any of it. I’m wondering what causes it https://t.co/WZRCRNMvJb pic.twitter.com/FdYwZGb1S6
— Charles Hoskinson (@IOHK_Charles) October 1, 2022
Nothing new to supply?
Along with the matter at hand, Hoskinson acknowledged that the presence of FUD ghost chains had been famous forward of its Vasil improve. A report launched in August additionally acknowledged that there was a big FUD round Cardano.
Moreover, a outstanding crypto influencer on TikTok had claimed that for a challenge that had a market cap as excessive as Cardano, the blockchin didn’t have a lot to point out for it. Hoskinson was fast to counter him and stated that the chain had over 1,000 tasks with a neighborhood of over three million customers. However hypothesis relating to the scalability of the challenge nonetheless remained.
Supply: CoinMarketCap
Nonetheless, the worth of ADA was on a downtrend at press time and exchanged fingers at $0.422.
Can we transfer on now? Possibly not…
Ripple [XRP] has been concerned with the U.S. Securities and Trade Fee (SEC) for the longest time. Regardless of probabilities of Ripple rising because the winner, Ripple traders went via vital misery as a result of happenings of the lawsuit.
Moreover, not simply Cardano and Ripple, however different networks resembling Solana [SOL] have additionally been a reason behind misery. Solana , as soon as once more crashed this weekend as a result of which transactions on the networks couldn’t undergo.
This gained’t be the primary time the community experienced outages as Solana did witness the identical in January, April, Might and June. For a challenge with the title “Ethereum killer,” Solana can’t be thought-about as one which stood true to its identify.
Because the time get more durable…
There are a variety of cryptocurrency tasks that had promised huge however didn’t ship noteworthy outcomes. Some as a result of their very own limitations whereas some as a result of overseeing regulatory authorities. Moreover, with the SEC tightening its management, the way forward for cryptocurrencies could also be full of some uncertainties.
Moreover, the aforementioned speculations should still be rife if many tasks solely supply hope and no income to supply.
