Charles Hoskinson recently addressed what is happening to Cardano amidst the massive market price corrections.
He recently said that the fundamentals of Cardano (ADA) remain strong despite the declining price of the smart contract platform and Ethereum competitor.
In a new AMA session, the Cardano founder and CEO of Input Output Hong Kong (IOHK) looks at the various metrics of ADA and says that every single one has gone through significant growth over the last two years.
Charles Hoskinson addresses ADA
Check out what he has to say:
“The good news is every single metric you can measure about the health of Cardano from January 1st, 2020 to what we’re going to close out the year, December 31st, 2021, every metric over the last 24 months has been absolutely exceptional from the amount of ADA staked, to the amount of active users, to the catalyst participation, to the social signals, to account creation on Reddit, Telegram and other things, to the actual transaction volume on Cardano, the growth of use and utility of Cardano, the DApp ecosystem that’s formatting for Cardano, even venture capital investment. Every metric you can measure, meaningful or otherwise, has improved. It’s not a single one that hasn’t.”
It’s also important to note the fact that these comments come as the price of Cardano continues to be in a downtrend since hitting an all-time high of $3.10 in early September.
At the time of writing, ADA is trading in the green and the coin is priced at $1.28.
Not too long ago, we revealed that Cardano (ADA) developer Input Output Hong Kong (IOHK) has just revealed the successful launch of a test network (testnet) to allow Ethereum-based tokens to migrate to the Cardano blockchain.
IOHK says that it is initially partnering with the decentralized artificial intelligence network SingularityNET (AGIX) in the initiative.
Stay tuned for more news.