Is Not Holding ADA A ‘Red Flag’? Cardano’s Founder Thinks So, Community Pokes At Solana
06 April 2024 - 4:00AM
NEWSBTC
Cardano (ADA)’s founder is a man of many words and many GIFs.
Charles Hoskinson’s comments, whether you agree or disagree with
them, tend to spark discussions in the crypto community.
Hoskinson’s latest X reply spree covered issues from dating advice
to his confidence in the ecosystem to Solana’s recent struggles. As
a result, several conversations regarding those topics and
Cardano’s founder’s perspectives on them spread across the X
platform. Related Reading: Cardano Price Tumbles As Grayscale Sells
All ADA From Large Cap Fund Charles Hoskinson’s Dating Advice
Charles Hoskinson offered some crypto-related dating advice in a
reply to Lily Brodi, the creator of the viral ‘Cardano Girls’
video. The content creator asked whether it was weird to ask
someone on the first day if they held ADA. Cardano’s founder
replied that not holding ADA was a “major red flag” at this point.
Hoskinson jokingly insinuated that the person might “not be a
cannibal,” but if they don’t hold Cardano’s native token, you
should be alert anyway. At this point, not holding ada is a major
red flag. I mean I'm not saying they are cannibals, but…
pic.twitter.com/s2CzXr2Hxr — Charles Hoskinson (@IOHK_Charles)
April 4, 2024 Later, he suggested he might know one or two eligible
“Cardano bachelors.” The community found Hoskinson’s comments
funny, with some agreeing with his perspective on potential
partners. Nonetheless, not all Hoskinson’s replies during his
Wednesday spree were well received. Cardano’s founder seemingly
took a jab at Solana after learning of the blockchain’s recent
struggle to process transactions. The post informed us of the
levels of congestion that the Solana network is experiencing.
According to Dune data, the Solana blockchain currently has a
non-vote transaction failure rate of over 75%. Three out of four
transactions are experiencing issues before even making it to the
block. The failure rate seems to occur “because many bots engaging
in arbitrage generate spam transactions.” To the news, Hoskinson
replied with a popular gif of actor Pedro Pascal enjoying himself.
This guy is exactly why Cardano ngmi Cardano has a douchebag
founder https://t.co/Xn0Dj1VDsG — LawrenceOfCrypto.sol
(@LawrenceCrypt0) April 5, 2024 This reply prompted some X users to
criticize Cardano’s Founder. Some even called him a “douchebag
founder” and claimed that answers like that are the reason why the
project “won’t make it.” However, the ADA community joined in the
criticism of the Solana network. Some community members deemed the
chain as “useless.” Another ADA holder stated: “The Solana team
does not know the basic principles of how blockchain works.” The
comments don’t come as a surprise as both communities’ ongoing
“feud” tends to end in a jab and poking fun at each other’s
struggles. “Cardano Always Wins” Or Does It? As part of Hoskinson’s
recent “insight,” he commented on a recent poll ranking the best
Layer-1 networks. In said poll, the Cardano ecosystem had the
second-highest number of voters. Nonetheless, its founder didn’t
seem pleased, claiming that “It was engineered to produce an
outcome prior to a single vote being cast.” To Hoskinson, in a
“fair vote,” it is clear that “Cardano always wins.” Despite his
confidence in the project, the ADA price has recently shown a
subpar performance. The token has exhibited red numbers in several
timeframes, with an 11.5% drop in the last seven days and a 20.5%
decrease in the past month. The token’s current performance has not
gone unnoticed by analysts either. Renowned crypto analyst Ali
Martinez raised some concerns about ADA’s whale activity. According
to Martinez, “Cardano is experiencing a lull in whale activity.”
The analyst considers that this could signal a potential for
further price consolidation or an impending drop. The unclear
trajectory of ADA’s price seems concerning to its holders, as some
consider its current performance to be “extremely bearish right
now.” At the time of writing, ADA is trading at $0.5748, a level
not seen since Valentine’s Day. Related Reading: ADA Price
Prediction – Here’s Why Cardano Could Dump To $0.50 Cardano
(ADA) performance in the weekly chart. Source: ADAUSDT on
Tradingview.com Featured Image from Unsplash.com, Chart from
TradingView.com
Cardano (COIN:ADAUSD)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Cardano (COIN:ADAUSD)
Historical Stock Chart
Von Apr 2023 bis Apr 2024