Cardano founder educates user on market dynamics CardanoADA $ADA CardanoCommunity ADA Crypto
, $5,000 worth of ADA purchased in January 2021 may be worth $6,750 at this time, implying a $1,750 increase. The Cardano creator said this in regard to the timing of the market's performance.
If you bought in Jan of 2021, then it would be worth $6750. What's your point? Markets go up and down and I somehow have control of it? I don't think you understand how crypto works and why it existsHoskinson was responding to a Cardano user who said that he had purchased $5,000 worth of ADA in July 2021, which is now only worth $1,500. In this regard, Hoskinson touched on the volatile nature of the cryptocurrency market by saying, deadpan,"Markets go up and down."U.
, Cardano founder Charles Hoskinson said that cryptocurrencies had entered a bear market when questioned about the dull performance of ADA. Following bearish market conditions from the beginning of 2022, ADA has significantly underperformed this year after posting enormous gains in 2021. It is now 83.57% lower than the record high it attained in early September 2021 before the much-publicized Alonzo upgrade.A monthly summary of on-chain statistics was just released by the Cardano Foundation.
The number of native tokens issued on the Cardano blockchain is up 6.34% to 5.7 million, with 58,993 distinct minting policies. The number of Cardano wallets officially hit the 3.5 million mark while that of Plutus scripts neared the 3,000 mark.
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