CandleFocus Charles Hoskinson Insists Cardano Is Still ‘Number 1’ Despite ADA’s Underperformance
2024-10-07
Author: Content Editor
Cardano founder, Charles Hoskinson, has asserted on social media that the proof-of-stake blockchain is still the number one project due to its decentralized governance advantage. He highlighted various innovations on Cardano's roadmap, including its consensus mechanism, native asset standards, and Hydra. Despite these technical advancements, Cardano's native token, ADA, has fallen to 12th place in CoinGecko's rankings. Hoskinson, however, disregards short-term price action and remains focused on the long-term outlook.
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