Cardano founder Charles Hoskinson reacted to an X post asking if an ADA pump would solve all of Cardano’s problems.
The Cardano network has faced a series of FUD in recent times. Some of this FUD has come in the form of comments that the ecosystem was dead.
Meanwhile, others have classified Cardano as a “low integrity shitcoin,” while some argue that the ecosystem prevented users from devesting. Amid these criticisms, the ecosystem and its founder have come under intense reproval.
Notably, most of the criticisms stemmed from ADA’s lackluster performances. For context, the 11th largest crypto asset has failed to trade above $1 since April 2022. ADA’s closest run to a dollar in over two years was its push to $0.8 in March.
In a recent remark, Hoskinson expressed belief that a price pump will end all the criticism Cardano has faced recently. The founder responded with a “Yes” GIF to an X post asking if the network’s problems will go away should ADA appreciate.
Possible Trigger
Hoskinson replied to a post from a self-acclaimed Chief Meme Officer within the Cardano community. Following the response, Mintern asked who was going to pump the ADA price.
Notably, analysts have speculated an impeding Cardano surge, giving different price targets. One of the most recent notable predictions is Dam Gambardello’s bet that the asset would trade at $0.5 by the end of October.
The market speculator placed 1,000 ADA on the line, noting he would give it to a user if Cardano failed to trade at $0.5 by month’s end. Notably, he didn’t pinpoint the reasons behind the 29% price surge call.
Hoskinson’s Incessant Cardano Defense
Despite the growing FUD around the Cardano network, Hoskinson has always defended the ecosystem. Recently, the founder noted that Cardano has continued to thrive despite the widespread speculation that it was dead.
Hoskinson stated that the new governance system in the Voltaire era is capable of implementing all the required adoption and drastically boost Cardano.
He noted that most grievances against the blockchain are due to unexplored roadmaps and unfunded growth strategies, insisting that the new governance will resolve.
Furthermore, Hoskinson stated that Cardano was the best crypto network and one of the few that is not the “patron of BlackRock and Wall Street for number go up preferences.”
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