Hoskinson Addresses Negative Sentiment Surrounding Cardano, Says ADA Is Not Dying

Cardano founder Charles Hoskinson takes to X to address recent negative sentiment surrounding the Cardano project on the microblogging platform. 

According to Hoskinson, the negative sentiment reflects the desired result of Voltaire, which launched recently introducing decentralized governance to the Cardano ecosystem. 

Rationale Behind Recent Negative Sentiment 

Hoskinson stated that the criticism aimed at Cardano lately does not suggest that the project is somehow failing. Instead, he asserted that the negative sentiment stems from long-standing unresolved issues, such as a lack of partnerships, pent-up grievances, unfunded growth strategies, and unexplored roadmaps. 

The Cardano boss suggested that the previous governance model could not meet the ecosystem’s needs; hence, some community members took to X to express their grievances. 

However, with the introduction of Voltaire, Hoskinson believes that Cardano’s governance is well-equipped to address these demands while establishing a new roadmap to foster the ecosystem’s growth. 

Hoskinson Reveals His Grievances 

Like some aggrieved community members, Hoskinson revealed that he also has many unaddressed issues, such as Cardano Native Assets (CNA) and stablecoin support. 

Hoskinson indicated that he knows what needs to be done to enhance CNA’s performance, ranging from custody to liquidity. While Hoskinson promised to address these challenges, he expressed optimism that community-led governance would also do its part. 

Difference Between Cardano and Other Blockchains 

Meanwhile, Hoskinson highlighted the core difference between Cardano’s operations and those of other crypto projects. According to him, while Cardano favors a more transparent approach, other blockchains engage in dirty tricks and backroom deals. 

He suggested that Cardano’s dedication to transparency has attracted envy from these malicious projects. Per Hoskinson, Cardano is focused on long-term growth and integrity rather than short-term gains, market manipulations, and getting undue advantage. 

Furthermore, he emphasized that Cardano is not dying, adding that the project hopes to remain a true cryptocurrency, “not the patron of Blackrock and Wall Street for number go up preferences.”  

Cardano Remains the Number 1 Blockchain 

Hoskinson has continued to heap praises on Cardano at every opportunity he gets. For him, Cardano is in a league of its own, with no project measuring up to its standard. 

Earlier this month, he emphasized that Cardano remains the best in the blockchain industry despite not fully implementing decentralized governance and other amazing items on its roadmap. 

While Cardano’s recent upgrades have been impressive, the cryptocurrency’s price action has lagged. Prominent market observer Ali Martinez recently asserted that Cardano is currently in the depression phase of the market cycle. Nonetheless, Martinez stated that the current phase represents a buying opportunity that could potentially lead to massive gains. 

In the meantime, Cardano is priced at $0.3342, representing a decline of 1.48% over the past seven days.