Cardano's Founder Predicts Hard Times Ahead. Here's Why That's a Reason to Sell It.
The red flags continue to pile up for this coin.
Cardano's Founder Predicts Hard Times Ahead. Here's Why That's a Reason to Sell It.
Overview
Cardano's (CRYPTO: ADA) community governance system is now fully operational, and so far, the community has voted to defund its own annual summit and starve a cybersecurity project of resources. Two of the chain's most prominent projects shut down within six weeks of each other.
Founder Charles Hoskinson responded to the chaos by announcing he was "taking a break." At this point, the only thing Cardano holders seem to agree on is selling; the coin is down 74% in the past year.
Details
Hoskinson's prediction does not, in itself, constitute a reason to sell Cardano; people predict all sorts of things about the market all the time, and often for self-motivated reasons. But the factors that drove his prediction, when paired with other issues Cardano has, do constitute a reason to sell this coin, so let's take a look at what's going wrong.
Source
Originally published at www.fool.com.
