Cardano

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<p><strong>In the crypto universe, bold statements and controversial opinions are commonplace. Recently, such a statement caused an uproar in the crypto community when Ben Armstrong, known as BitBoy Crypto, labeled Cardano’s ADA token a “dead coin” in the eyes of institutions. This claim sparked a wave of reactions, notably from Charles Hoskinson, the founder of Cardano.</strong></p>
<h2 id="h-cardano-ada-is-dead-charles-hoskinson-says-no">Cardano (ADA) is dead? Charles Hoskinson says NO!</h2>
<p>Hoskinson, known for his candor and commitment to his crypto, quickly responded. With a touch of humor, he tweeted: “I remember when the goal of cryptocurrencies was to replace institutions instead of replaying a scene from ‘Deliverance’. I guess I have to learn to play the banjo to make Ben happy.” This light response masks a deeper criticism of the current trend! Which is to value institutional investments at the expense of the <a href="https://www.cointribune.com/en/crypto-ethereum-introduces-eip-7732-and-steps-up-the-pace/" target="_blank" rel="noopener noreferrer nofollow">decentralized principles</a> that underlie crypto.</p>
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     <p lang="en" dir="ltr">I remember when the point of cryptocurrencies was to replace institutions instead of acting out a scene from deliverance. <br><br>I guess I got to learn the banjo to make Ben happy. <a href="https://t.co/yLMj1qAE1T" rel="noopener noreferrer nofollow">https://t.co/yLMj1qAE1T</a></p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1808638804573790459?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 3, 2024</a>
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<p>The Cardano community was quick to defend the technical potential and future of the crypto. A user on platform X questioned Armstrong’s logic, highlighting the irony of labeling as “dead” the only coins with a governance mechanism. Dave, a Cardano developer, also refuted BitBoy Crypto’s claims. He notes the absence of technical analysis in his assessment and highlights Cardano’s strengths. Notably, its solid community, energy efficiency, and autonomy.</p>
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<h2 id="h-ada-crypto-continues-its-downward-trend">ADA Crypto Continues Its Downward Trend</h2>
<p>Cardano (ADA) is currently experiencing a negative trend, falling to $0.329 with <a href="https://tradingview.com/symbols/ADAUSD/" target="_blank" rel="noopener noreferrer nofollow">a decline of 9.39% in the last 24 hours</a>. Over the past month, the crypto token has seen a notable decline of more than 13% despite a 3.87% rise last week.</p>
<p>While opinions differ on the importance of institutional investments in the success of cryptocurrencies, the recent controversy surrounding Cardano highlights a fundamental question: what is the true measure of success in the crypto space? Is it <a href="https://www.cointribune.com/en/crypto-ethereum-etf-launch-imminent-on-july-15th/" target="_blank" rel="noopener noreferrer nofollow">institutional adoption</a> or the strength and resilience of a decentralized and engaged community? For now, Cardano continues to forge its path, with or without institutional approval.</p>

Cardano is Dead? Charles Hoskinson Brutally Criticizes BitBoy Crypto!

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