Cardano (ADA), the ninth-largest cryptocurrency by market cap, has experienced a significant 58.4% increase over the past year. However, some traders still consider the project to be a failure, a viewpoint that Cardano founder Charles Hoskinson strongly disagrees with.
In a podcast with Gokhshtein Media, Hoskinson addressed the growing negativity in the crypto space and defended Cardano’s long-term vision.
Hoskinson emphasized that judging a project solely based on its token’s price is a flawed approach. He highlighted Cardano’s growth from a $72 million startup to a $25 billion ecosystem with over 3 million users worldwide.
Hoskinson stressed that Cardano has consistently achieved major milestones while prioritizing security, scalability, and decentralization.
Mocking a recent trend where traders were encouraged to sell ADA for a now-collapsed project, Hoskinson criticized the “get rich quick” mentality. He cautioned against expecting unrealistic returns from projects like Cardano and argued that true success should be measured by technological innovation and real-world impact, not price speculation.
In the last 30 days, ADA’s price has increased by 4.1%, including an 11.9% rise over the past week. However, it experienced a slight dip of 0.4% in the last 24 hours, which is common in a volatile market.
Hoskinson urged the crypto community to shift their focus from short-term price movements to genuine innovation. He also expressed support for the Trump administration’s efforts to bring regulatory clarity to the U.S. crypto sector, as clear regulations are crucial for long-term industry growth.
Hoskinson’s message is clear: innovation, not hype, will determine the future leaders of the crypto industry. Despite criticism, Cardano’s consistent growth, robust technology, and regulatory-friendly approach position it as a project built for lasting success rather than short-lived price pumps.
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