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TheCryptoBasic

02/20/2024

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Cardano Founder Reacts as Reddit Removes Positive ADA News Twice in One Week

Charles Hoskinson, the founder of Cardano, has reacted to reports about Reddit moderators removing positive ADA news for the second time in one week.    Hoskinson reacted to the latest events on Reddit that...

Cardano Founder Reacts as Reddit Removes Positive ADA News Twice in One Week

Charles Hoskinson, the founder of Cardano, has reacted to reports about Reddit moderators removing positive ADA news for the second time in one week.   

Hoskinson reacted to the latest events on Reddit that led to the removal of positive ADA-related posts on the platform. 

Positive ADA News Removed From Reddit 

For context, ADA stake pool operator “Pride” shared the development on X over the weekend, stating that Reddit moderators have taken down another positive Cardano post for the second time in one week. 

The post centers on speculation about ADA’s performance in the upcoming bull run. With many investors optimistic about ADA, they speculated that the coin could rally above $3 during the peak of the bull market. 

Other users also commended the Cardano team for making “slow and steady” progress that could be instrumental in the upcoming bull market.  

Shortly after the post went live, the cryptocurrency subreddit moderators removed it, citing a violation of its “content standard” rules. Consequently, “Pride” called the attention of ADA enthusiasts to the development.

Cardano Founder Reacts 

As expected, several ADA proponents took to the comment section to air their grievances, with Cardano founder also reacting to the incident. 

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Notably, Hoskinson reacted using a colloquial expression, saying, “They hate us because they ain’t us.”

They hate us because they ain't us https://t.co/kMNE1sGb65

— Charles Hoskinson (@IOHK_Charles) February 19, 2024

Apparently, Hoskinson’s tweet suggests that the Reddit moderators who removed the Cardano posts could have done so out of jealousy. Hoskinson has always criticized some crypto media outlets for being unfair to the Cardano project. 

Per Hoskinson, these media outlets amplify negative reports about Cardano while refusing to maintain the same energy against other crypto projects. 

In October, Hosksinson called out mainstream media for portraying FTX founder Sam Bankman-Fried’s wrongdoings as a mistake. 

It is worth noting that SBF was convicted in the U.S. for misappropriating customers’ funds, leading to the collapse of the FTX crypto exchange. 

ADA Sees Favorable Predictions Ahead of Bull Run

ADA has continued to receive favorable predictions ahead of the bull market. As reported yesterday, PRIDE speculated that the Cardano Treasury could surge to a whopping $4.5 billion if ADA reclaims its all-time high above $3. 

Furthermore, the research team from Changelly also predicts that ADA could trade between $56.9 and $68.4 by 2040. 

Meanwhile, ADA ranks as the eighth-largest cryptocurrency with a market cap of $22.31 billion. The token was changing hands at $0.62 in the hours leading up to press time, marking a 16.67% increase in the past seven days. 

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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