Well, it’s Monday.
Source: CoinMarketCap
Cardano’s price had been on downward trend this week, but today, it has seen a bit of a boost. There’s a huge problem in the cryptocurrency space envolving digital tokens that are currently in the pre-product stage, and that is its investors get restless. Charles Hoskinson has been catching some serious flack on Twitter (NASDAQ:TWTR) recently and one specific user asked him yesterday if ADA was “dead”. The founder didn’t take to this question very well and responded with:
“ADA is doing quite well. We are hiring like crazy. Thousands of people are running around worldwide passionately representing the brand and doing stuff. Patching shipping soon. Many announcements planned. Stop looking at the vanity metric of CMC to determine legitimacy. We spent millions of dollars and years putting togETHer the best researchers and engineers. This party is just getting started and I’m going to win it. I don’t care how long and how much effort it takes. Cardano is going to be the financial stack of the developing world.”
As you can tell Hoskinson is passionate about Cardano, as most founders are towards their projects. Calling a coin “dead” before the actual product is released is asinine – sorry @pywXDhgjiKaO0JI. An unfortunate common theme occurring in the cryptocurrency space is new investors investing in a cryptocurrency based on hype or spike in price and not understanding the actual product behind the digital currency or timeline/roadmap. Please people, do your research!
The Cardano team updates their website weekly on their progress if you’d like to learn more you can do so here.
At press time, ADA is trading at $0.309 a coin, up 4.17%.