- Cardano is a victim of FUD that has been going on since the beginning of 2024.
- Cardano founder dismisses FUD and blames short term narratives.
Cardano [ADA] Since Q1, the country has experienced sustained FUD. Attacks and FUD have continued into Q2.
Bitboy, a well-known crypto influencer who is active on X and Gemini (the exchange), are among the latest critics of Cardano.
Bitboy, for example, has called Cardano dead far more often than Bitcoin [BTC]. BitBoy has been around for a while. asked Charles Hoskinson the founder of Cardano will join in on an interview with him and discuss all issues.
“I think actually if you watch the video, some good points are raised. I think @IOHK_Charles, should come on the channel for an interview & we can debate.”
Similarly, Gemini Exchange threw a subtle jab at ADA X;
“What crypto are you buying today? (don’t say WIF or ADA)”
Cardano founder reacts
Gemini and Bitboy won’t be the first ones to criticize Cardano.
In February, BitMEX founder Arthur Hayes called Cardano “dog sh*t“, and questioned if there was any large native dApp.
“For all you $ADA believers, what dAPP on this list originally launched on Cardano, or has a Cardano offering that is heavily used? From my very limited knowledge, looks like none of them do. That’s why $ADA is dog sh*t.”
Hayes has never stated explicitly that Hayes is a homosexual. stated Why he hates ADA. Cardano Protocols like Minswap DEX or Indigo Protocols have a fair volume.
Charles Hoskinson, in a new article published recently, has had to criticize the current FUD. post;
“We are holding all the cards as an ecosystem. We have the best path for scalability, governance, and innovation. We also have the best community.”
Cardano’s struggles were attributed to short-term narratives, but the CEO remained positive about its future.
“The problem with our industry is that we let short-term narratives and carnival barkers dominate the conversation.”
ADA was trading at a 3% increase in the last 24 hours. ADA appeared undervaluedThe recovery was hampered by an order block that could be a potential sell wall at $0.63.
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Source: ambcrypto.com