A segment of the crypto Twitter community is voicing concerns about Cardano’s (ADA) future, even as anticipation builds for its upcoming hard fork.
Market Concerns and Price Impact
A few argue that the community’s high expectations might not align with the broader market sentiment, which could impact ADA’s price.
Criticism and Founder’s Actions
Criticism was also directed towards Charles Hoskinson, Cardano’s founder, for promoting events that may not have yielded their intended results, signaling a potential downturn for Cardano in the competitive crypto landscape.
Cardano's Future and Challenges
Arguments are rife that Cardano has strayed from its early promises. They suggest that the project, once positioned as a solution to Ethereum’s (ETH) shortcomings, has now fallen behind. They also express concern that the current hype around Cardano’s hard fork might lead to disappointment. According to CoinMarketCap, Ethereum is valued at $2,519.83 and its ranking is number two.
The Cardano community continues to support the project despite criticism and emerging challenges.
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