Cardano Founder Hoskinson Speaks About ADA Price.
Hoskinson, the founder of Cardano (ADA), which has seen a big upswing in the past weeks, responded to the criticism of investors about the ADA price. Hoskinson criticized his short-term mindset in a tweet he posted. Hoskinson responded to the complaints of Cardano investors about the price drop on Twitter yesterday and used the following statements:
An Important Milestone Had Reached
Cardano has successfully updated Mary, one of the updates that will turn the network into a DeFi ecosystem, in recent weeks. The update allowed users to create local assets in the network and create NFTs. The number of assets created on the network so far has reached 784.
The Mary update is the second phase of the Goguen era in which the project takes place . Goguen’s third phase will bring smart contracts to the network. Following Goguen, the Basho era, which will offer scaling capabilities to the network, will begin, and finally the Voltaire era, which will provide management improvements .
Loss 14% in Value
The Cardano (ADA) price started to decline rapidly following the Mary update. Reaching a new peak after three years with $ 1.48 before the update, ADA is now 28% behind this peak. ADA has lost 14.5% in the last 14 days. Cardano, which has lost 2% in the last 24 hours, is trading at $ 1.07 as of the time of publication.