Hoskinson rejects claims of ADA price promises as Cardano trades 95% below 2021 peak

Charles Hoskinson, the founder of Cardano and CEO of Input Output Global, addressed criticism regarding ADA’s price trajectory during a recent livestream. ADA, Cardano’s native cryptocurrency, remains well below its September 2021 all-time high, leading to growing frustration among its holders. In the livestream titled “Finishing Cardano,” Hoskinson faced questions from viewers who accused him of fueling expectations that ADA would surpass Bitcoin . He clarified that he would like to see Cardano become the largest cryptocurrency, but stressed he never guaranteed such an outcome or any specific price increase for ADA. Referring to past comments, Hoskinson said he had expressed hope that Cardano could one day become the leading network, using terms like “think” and “probably” to underline their speculative nature.

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