Is This the End of Cardano?
Cardano's founder recently sounded very bearish about his project.
Is This the End of Cardano?
Overview
When the founder of a blockchain publicly suggests the second half of the year will be "very hard" for his own creation, holders tend to notice, and then they often dump their coins.
During a June 2 livestream, Cardano (CRYPTO: ADA) founder Charles Hoskinson did exactly that. He reacted to the shutdowns of a pair of projects on the network by admitting he has no power over many of the most important financial and technological levers that could start a turnaround strategy for the chain.
Details
Then, the next day, he claimed on social media that he was "taking a break." This announcement sent Cardano down by another 10%; it's down by 89% over the last five years as of this writing on June 8.
Source
Originally published at www.fool.com.
