Cardano

2024

April

Dogecoin

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 <p class="paragraph">As the cryptocurrency industry evolves, many of its assets are fighting to keep their place under the spotlight, including Cardano (ADA), which a popular crypto influencer has speculated might be dead, triggering a swift response from the Cardano <a rel="noopener noreferrer nofollow" title="founder" href="https://thebittimes.com/tag/founder.html">founder</a> himself.</p>
 <p class="paragraph">Indeed, Ben Armstrong a.k.a <em>BitBoy Crypto</em> has recently compared Cardano’s performance with that of other networks, arguing that they are “blowing up and getting a lot of recognition and your average person out there (…) can’t name three projects on ADA,” in a video streamed on April 6.</p>
 <p class="paragraph">According to him, this is happening because:</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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  <p class="paragraph">“The money and the price action is better on some of these other chains and they’re getting more usage so if you’re on an exchange and there’s more usage, that means there’s more liquidity, it means you’re saving on fees, and price impact and slippage and things like that.”</p>
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 <h2 class="wp-block-heading" id="h-institutional-money">Institutional money</h2>
 <p class="paragraph">On top of that, Armstrong argued that another big reason for Cardano’s perceived underperformance is the lack of institutional money “because so much of the liquidity is locked up in the staking and, as long as it stays that way, people aren’t going to be able to put big money in.”</p>
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  <p class="paragraph">“I think the markets are telling us that very clearly – look at where the big money is and look at where it’s going, it’s TradFi coming in and it’s getting spread around and ADA is getting left out. It doesn’t mean it can’t still have a great bull run. What it means is it’s going to be limited and it’s going to be capped until the big fish are able to come in and get their fill.</p>
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 <h2 class="wp-block-heading" id="h-cardano-founder-s-comment">Cardano founder’s comment</h2>
 <p class="paragraph">In response to BitBoy Crypto’s video, Cardano <a rel="noopener noreferrer nofollow" title="founder" href="https://thebittimes.com/tag/founder.html">founder</a> Charles Hoskinson expressed disappointment, stating that Armstrong “was always friendly in person to me,” and adding that it was “sad to see him go down this road,” but still ending on a positive note, saying he “wish him well and hope for the best.”</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Well @BenArmstrongsX was always friendly in person to me. Sad to see him go down this road. <br><br>Wish him well and hope for the best. https://t.co/b9lFeO70oe</p>— Charles Hoskinson (@IOHK_Charles) April 7, 2024
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 <h2 class="wp-block-heading" id="h-cardano-price-prediction">Cardano price prediction</h2>
 <p class="paragraph">Meanwhile, Cardano is experiencing a “lull in whale activity,” according to the recent observations by crypto trading expert Ali Martinez, which represents a bearish signal suggesting further price consolidation or “an impending drop” for ADA, as Finbold reported on April 6.</p>
 <figure class="wp-block-image"><img decoding="async" width="800" height="357" src="https://cdn.thebittimes.com/images/2024/04/08/17d42b8f1ef88ca88fef1023443744ae.webp" alt="Cardano whale activity analysis" class="wp-image-167201" srcset="https://cdn.thebittimes.com/images/2024/04/08/17d42b8f1ef88ca88fef1023443744ae.webp 800w, https://cdn.thebittimes.com/images/2024/04/08/17d42b8f1ef88ca88fef1023443744ae.webp 300w, https://cdn.thebittimes.com/images/2024/04/08/17d42b8f1ef88ca88fef1023443744ae.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Cardano whale activity analysis. Source: </em><em>Ali Martinez</em>
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 <h2 class="wp-block-heading" id="h-cardano-price-analysis">Cardano price analysis</h2>
 <p class="paragraph">For now, Cardano is changing hands at the price of $0.603, suggesting a slight recovery of 2.01% in the last 24 hours, from the loss of 5.19% in the previous seven days, and after dropping 18.34% across the past month, according to the most recent charts on April 8.</p>
 <figure class="wp-block-image"><img decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/04/08/7816365ba666694b8b773c4d3e671f6f.webp" alt="Cardano price 24-hour chart" class="wp-image-167202" srcset="https://cdn.thebittimes.com/images/2024/04/08/7816365ba666694b8b773c4d3e671f6f.webp 750w, https://cdn.thebittimes.com/images/2024/04/08/7816365ba666694b8b773c4d3e671f6f.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Cardano price 24-hour chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">Ultimately, making a definite ADA price prediction is near-impossible, which is why it is important to do one’s own research and keep up with any Cardano news to try and get an idea of where the price of Cardano might move in the near future.</p>
 <p class="paragraph"><strong>Watch the entire video below:</strong></p>
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  <div class="wp-block-embed__wrapper"><iframe loading="lazy" title="Cardano Investors: ADA is DEAD for REAL [unless this happens...]" width="500" height="281" src="https://www.youtube.com/embed/Be_PMH6euf0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitboy-crypto-declares-cardano-dead-ada-founder-responds-with-class-tbt84775.html">https://thebittimes.com/bitboy-crypto-declares-cardano-dead-ada-founder-responds-with-class-tbt84775.html</a></p>

BitBoy Crypto declares Cardano dead; ADA founder responds with class

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TheBitTimes

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