$ADA The price of ADA, the cryptocurrency of Cardano, has reacted in a mixed manner following Charles Hoskinson's proposal related to $140 million. Some key points are:
- The price of ADA experienced a slight increase initially, possibly due to the expectation that the proposal could boost the development and adoption of the Cardano platform.
- However, some investors have expressed concern about the centralization of power and decision-making in the Cardano community, leading to a correction in the price.
- The market reaction has been cautious, with some investors waiting to see how the proposal unfolds and how it will affect the community and the Cardano ecosystem.
Overall, the proposal has generated debate and discussion in the community, and the price of ADA has reflected this uncertainty. Transparency and accountability will be crucial in determining the long-term impact of the proposal on the price of ADA.