Charles Hoskinson’s loud mouth brings him under criticism when his predictions with regard to his own crypto Cardano fell too short of the expectation. Majority of criticism was faced by him from the Twitter platform.
Charles Hoskinson is known to be the inventor of the unique crypto coin, Cardano. Some of the interesting features of this crypto coin are that firstly a single unit of Cardano costs only US$ 1.32. This means that as compared with other notable cryptocurrencies, the value of Cardano is still within the reach of the common man. This is why it is usually regarded as the “Commoners’ Crypto”.
Secondly, and most importantly, it is one of the best products of the entire crypto economy. The reason is that the process of mining Cardano only requires a very meager amount of energy. In fact, the energy consumed for minting Cardano is almost carbon-free. That is why Cardano is the number one cryptocurrency when it comes to being environmentally friendly crypto.
Without a doubt, the adoption of Cardano is on the run since the end of 2019. Cardano was even able to get the record high value @ US$ 2.47, but it gradually came down along with other cryptocurrencies. At present, Cardano’s market capitalization is also very promising i.e. US$ 42.93 Billion given the fact that it was launched only 4 years ago. It is also a fact that by the size of its market capital, Cardano is currently the 5th major cryptocurrency within the crypto space.
However, when Bitcoin took a nosedive recently, it was expected that Cardano’s prices would increase automatically. It was said that since the mining process of Bitcoin is environmentally not friendly, therefore, under-rated cryptocurrencies will emerge. Particularly those, whose mining process did not involve polluting the environment, such as Cardano whose mining process is carbon-free. Considering this fact, Hoskinson tried to grab the opportunity to boost Cardano’s adoption globally by predicting the future value of Cardano.
But while predicting, Hoskinson went too far and suggested that a variety of assets and dapps will be introduced at Cardano’s network. However, none had come true even after a whole year has passed. However, people haven’t forgotten what Hoskinson had predicted. In fact, they continue to mock him whenever they get a chance. Recently, he has been victimized by huge criticism which was seen on the Twitter website.
One of Twitter-user said that still he is waiting for Cardano to launch dapps and assets which the network had promised for. Another Twitter handler said that this is what happens when someone actually lies and makes people think that it is a prediction.
Looking at the past year’s performance Cardano, it is quite visible that there hasn’t been any progressive growth. The network has ultimately failed to fulfill its promise while other relatively fresh cryptos were moving ahead. The matter is definitely a grave concern for Cardano as well as for its founder, Hoskinson.