Hello friends
Cardano has generated interest since its creation in 2017. But the current decline focuses on its founder Charles Hoskinson's decision to convert 100 million dollars of ADA reserves into Bitcoin and the native stablecoins USDM and USDA to strengthen the ecosystem.
⚙️ With a focus on sustainability, scalability, and interoperability, this platform seeks to differentiate itself from other projects by relying on academic research and peer review. Its multi-layer architecture allows for greater flexibility and security, making it attractive to both developers and investors.
🐢 However, if we already had Cardano with a slow advancement compared to competitors like Ethereum (of which this character is also a co-founder), now this proposal (with which we observe a rapid drop of 6%) does not seem very wise to me.
ADA
0.6222
-2.65%
📉 Those of us who hold Cardano have watched with concern the gradual decrease in its value. And "they" with proposals of this kind are not helping much to reverse this situation.
🔥 The platform has the opportunity to play a significant role, but its success will depend on its ability to overcome current challenges, demonstrate its viability in the cryptocurrency market, and above all, not keep making mistakes.