Cardano Price Forecast as Founder Charles Hoskinson Takes Jab at Crypto Critics – Time to Buy ADA?
Investors in the crypto market are once again aggressively bullish following the collapse of key banks in the United States. ADA, the token powering Cardano, a decentralized ecosystem is up 3.6% in 24 hours and trading at $0.3435 at the time of writing.
Cardano price is not the only bullish asset, considering Bitcoin’s 10.8% jump in 24 hours to exchange hands at $24,427. According to the live price data by CoinGecko, the second largest crypto, Ethereum is closely following in BTC’s steps, hence its 7% move to $1,680.
The total market capitalization is back above $1.1 trillion after investors added 6.5% in value while capitalizing on the fresh bullish momentum being witnessed in the market this week. This bullish outlook in the market will likely hold throughout the week as investors show resilience amidst collapsing banks in the US.
The co-founder of Cardano, the seventh largest cryptocurrency boasting $12 billion in market capitalization and $500 million in its 24-hour trading volume, has called out crypto critics for their unfair representation of the crypto market.
Hoskinson via a tweet chimed in on the recent fall of three banks in the US – that is Signature Bank, Silvergate Bank, and Silicon Valley Bank (SVB).
According to the blockchain champion, when stablecoin issuers like Circle, Paxos, and Tether announce intentions “to hold collateral mostly in cash and T-bills,” crypto critics never react.
Governments have for a long time maintained the notion that “CRYPTO IS SUPER RISKY,” and this way of thinking is unlikely to change even in light of the implosions in the banking sector.
Hoskinson also fired at the banks for choosing “to hold collateral mostly in longer-dated TradFi bonds.” Still, they fail and go down leaving
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