Cardano founder Charles Hoskinson has dismissed fresh allegations that the blockchain is controlled by a few entities, while ADA’s market performance continues to draw attention.
Denial of Centralization Allegations
Charles Hoskinson responded to criticism that three organizations—Cardano Foundation, Input Output Global (IOG), and Emurgo—wield control over Cardano’s ecosystem. A post circulating on social media claimed this structure disqualifies Cardano from being a decentralized network. In response, Hoskinson labeled the claims as misinformation on the platform X, arguing that many false narratives persist despite contrary evidence.
ADA's Market Achievements
While Cardano faces scrutiny, its price action tells a different story. Data from TapTools shows ADA surged 102.82% in the last 180 days, outperforming BTC’s 39.98% rise and BNB’s 10.53% gain. Ethereum, by contrast, declined 19.80% in the same period. This surge has fueled bullish sentiment, with Santiment data revealing ADA’s social sentiment hit a four-month high. Despite strong momentum, ADA remains volatile, trading at $0.6932, down 3% in the past 24 hours.
Future Prospects for Cardano Prices
Hoskinson’s defense of Cardano’s decentralization isn’t likely to silence critics anytime soon. Accusations of network control by a few entities will likely persist. On the market side, ADA’s performance keeps investors watching, with holding above $0.70 remaining key, but traders eyeing $0.80 as the next resistance. In the coming weeks, it will be revealed whether Cardano’s rally has more room to run or if a cooldown is on the horizon.
Accusations regarding Cardano's centralization continue to stir discussions. The network’s future will depend on how its governance evolves. ADA’s market performance remains a focal point for investors given its recent achievements.
