Cardano

Rally

when

Captain

<ul>
 <li><strong>Charles Hoskinson disputes Ben Armstrong’s claim that ADA is a “dead” investment.</strong></li>
 <li><strong>Analyst Captain Faibik predicts a 70% rally for ADA after a confirmed breakout.</strong></li>
</ul>
<p>Ben Armstrong recently spoke on X, asserting that for institutional investors, both DOT and <a href="https://www.crypto-news-flash.com/cardano-ada-price-targets-0-40-support-amid-bullish-momentum/" rel="noopener noreferrer nofollow">ADA</a> are “dead.” Armstrong argued that this would finally cause their downfall as respectable investments.</p>
<p>He added that although the gains would probably be low relative to other assets, this does not imply they will not pump and give investors rewards during strong times.</p>
<h2 id="strong-hoskinson-s-response-strong"><strong>Hoskinson’s Response</strong></h2>
<p>Cardano founder Charles Hoskinson voiced his dismay at Armstrong’s stance. He underlined the <a href="https://www.crypto-news-flash.com/ripple-vs-cardano-battle-to-reach-1-analyzing-market-sentiment-and-potential/" rel="noopener noreferrer nofollow">Cardano</a> blockchain’s achievements and possibilities. In a recent <a href="https://x.com/IOHK_Charles/status/1808638804573790459" rel="noopener noreferrer nofollow">tweet</a>, he stated:</p>
<blockquote>
 <p>“I remember when the point of cryptocurrencies was to replace institutions instead of acting out a scene from deliverance.”</p>
</blockquote>
<p>Previously, Hoskinson turned down Armstrong’s invitation for a conversation, saying that more conversation on ADA’s future is useless when one thinks it is hopeless.</p>
<p>Conversely, popular analyst Captain Faibik sees ADA as having strong bullish rally potential. Following ADA’s price breaking out from the upper limit of its Falling Wedge pattern on the daily chart, he projects a 70% gain. The breakout was confirmed after a protracted period of consolidation.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a> Falling Wedge Breakout is finally Confirmed after long Consolidation..<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>
 <p>Expecting +70% Bullish Rally in Coming days..<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/ADA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ADA</a> <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> <a href="https://twitter.com/hashtag/ADAUSDT?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ADAUSDT</a> <a href="https://t.co/MO5pTnOkZh" rel="noopener noreferrer nofollow">pic.twitter.com/MO5pTnOkZh</a></p>
 <p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1807976961911959566?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 2, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h3 id="strong-current-ada-price-performance-strong"><strong>Current ADA Price Performance</strong></h3>
<p>At the time of writing, <a href="https://www.crypto-news-flash.com/cardano-trading-volume-soars-27-amid-market-turbulence/" rel="noopener noreferrer nofollow">ADA’s</a> price is roughly <strong>$0,3813</strong>, according to CoinMarketCap; it dropped by <span style="color: #ff0000;"><strong>6.25%</strong></span> over the last 24 hours. The breakout and the optimistic trend could indicate possible future positive movement even with the current decline.</p>
<div class="cryptoboxes" id="mcw-419861" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="cardano" data-symbol="ADA" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
<p>On the other hand, CNF has previously highlighted recent <a href="https://www.crypto-news-flash.com/cardano-development-update-core-technology-optimizations-and-performance-benchmarks/" rel="noopener noreferrer nofollow">Cardano updates</a>, including notable core technological improvements and performance benchmarks. These improvements seek to improve the general capacity and efficiency of the Cardano blockchain, thereby guaranteeing its competitiveness and strength.</p>

Hoskinson Defends Cardano Against Ben Armstrong’s Criticism

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Crypto News Flash

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