Cardano stands out as an innovative public blockchain platform that operates in an open-source and decentralized manner. Notably, Cardano utilizes proof of stake to achieve consensus, ensuring efficient and secure transactions. ADA is a native token of the Cardano ecosystem.
Recently, the co-founder of BitMEX, Arthur Hayes made a controversial statement by calling Cardano (ADA) “dog shit” in a recent social media post. This led to a conversation between Cardano Founder Charles Hoskinson and Hayes, where Hoskinson asked several questions seeking clarity.
While the incident did not escalate significantly, it sparked interest within the ADA Coin community as their beloved cryptocurrency came under scrutiny.
Also Read: Cardano (ADA) Price Prediction | Is ADA a Good Investment?
BitMex Founder Heavily Criticizes Cardano
In a recent social media post on platform X, Arthur Hayes shared a screenshot underscoring the significant fee acquisition by dApps such as Lido Finance and Uniswap.
Interestingly, he raised concerns about the absence of Cardano-based dApps on the leaderboard. This challenge to ADA enthusiasts shed light on the platform’s current lack of impactful decentralized applications.
Afterward, Arthur Hayes stated that Cardano is “dog shit” and proceeded to request clarification from Hoskinson. This controversial statement has sparked heated discussions among the cryptocurrency community, with ADA Coin supporters strongly criticizing Hayes’ remarks.
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In the most recent tweet, Hoskinson responded to Hayes’ negative comments about Cardano. Hayes had openly expressed dislike for ADA in an interview, prompting Hoskinson to question why he was criticizing Cardano. Hayes then described Cardano as a “piece of shit” while also criticizing its recent price performance.
How High Will ADA Go in 2024
As we found on CoinMarketCap, the ADA Coin price has gained over 2.70% in the last several days. Additionally, the ADA Coin has experienced a notable surge of 13.84% in the past 30 days.
At the time of writing, the ADA Coin price dropped 6.04%, falling to $0.5892 on February 21, Wednesday. The ADA Coin maintained a market cap of $20.86 billion. Meanwhile, the ADA Coin trading volume surged by 4.85% to reach $724.80 million within the past 24 hours.
As per our technical and price analysis, the maximum price level of the ADA Coin can go as high as $1.04 with an average price value of $1.04 by the end of 2024. If the market gets a negative trend or news, the value of the ADA Coin may decrease to $0.88 by 2024.
Also Read: Cardano (ADA) Price is Expected to Reach $1 Soon, Here’s Why?
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
