Cardano, the most trending blockchain has been buzzing lately after the “Mid-Month Development Update” on Aug 13. Nigel Hemsley, Head of Delivery and Products at IOHK, and Tim Harrison, Director of Marketing and Communications at IOHK, stated that Cardano’s Alonzo hard fork combiner event was scheduled for September 12th. Following this announcement, ADA recorded a 52% rise in its price in one week; At press time, the altcoin was trading at $ 2.17.
Galaxy Digital CEO Mike Novogratz is still not convinced about ADA, regardless of the general sentiment.
A mystery to me
– Mike Novogratz (@novogratz) August 14, 2021
Raising questions about the usefulness of Cardano. The even aggregate:
“I spoke to twenty of the smartest people I know in space, and none of them saw Cardano have traction with developers.”
Needless to say, in keeping with his tradition of defending ADA, IOHK CEO Charles Hoskinson was quick to acknowledge the criticism in a tweet. He responded to Comments from the CEO of Galaxy Digital:
“Here I can arrange this statement for you Mike:” I have talked to twenty of the smartest bankers I know in the space, and none of them saw that cryptocurrencies had any traction “🙂
we all heard that one. Let’s go back to your tweet every year. We’ll call on August 15th, Mike’s registration day. “
Top level strength for #Cardano over the past month with a market capitalization of $ 71 billion, as the price rose 88.18% to $ 2,211. Social Commitment has increased by 10.5% over the 1,200 million total Commitments, which indicates a very intense community participation in social publications.https: //t.co/ZX4c1eSHPj @Cardano pic.twitter.com/mqDqUM7g3r
– LunarCRUSH 🚀 Social Listening for Crypto (@LunarCRUSH) August 14, 2021
At the time of writing, the social participation metric remained at 181.9%, which was a significant bullish signal.
This was not the first time that Novogratz criticized ADA and its development within its space. As covered before, he was ‘shocked’ with the coin and his community; he even compared it to a cult. He fixed, “… And then things like Cardano, it hits me, the valuation. And it surprises all the smart developers I know. They have done something to create this strange cult. “
Novogratz’s recent comments might not have come as a surprise to Hoskinson; As mentioned above, I did not expect “those who drink from the Ethereum Kool-Aid ‘to support Cardano.
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