For the creator of Cardano, the crypto industry is still in its infancy

By: Bharggavi Ssayee

For the creator of Cardano, the crypto industry is still in its infancy

June 5, 2021 6:41 AM

Charles Hoskinson is the co-creator of the crypto Cardano (ADA) considered one of Ethereum's competitors. On May 29, 2021, he took part in a Youtube live and took the opportunity to give his opinion on the development of the crypto industry.

 

Crypto is on the way to 'change the world' for Charles Hoskinson

Charles Hoskinson being the creator of the world's 10 best crypto and now a billionaire ... We certainly did not expect to see him criticize the crypto industry! Even better, he got rave about the crypto. For him, the crypto industry is "the antidote to current excesses, corruption and nepotism."

 

But beyond his partisan take on crypto, it's interesting to hear his take on the progress of the crypto industry. So, for Hoskinson, crypto is only in its infancy. Over the next ten years, there should be "more progress in the monetary policy of our industry than in those of central banks over the past 100 years."

 

“It [traditional finance] has now been replaced by a creative and innovative industry. We’re going to change the world, it’s that easy. (...) The question is no longer whether but when and how these dinosaurs will find a way to survive in this new world order. »Charles Hoskinson, co-creator of Cardano

 

Cardano (ADA) price resists crash

 

With more than 44 billion euros, Cardano (ADA) is the 4th largest crypto in the world. It thus climbs ahead of other important cryptos such as Ripple (XRP) or Dogecoin (DOGE). At the time of writing this article, the price of Cardano is $ 1.41. If this price is still below its historic high reached on May 16, 2021 with 2.01 €, the Cardano has withstood the crypto crash of the last few weeks remarkably well.

 

In fact, it is one of the few cryptos in the top 20 that shows a positive balance over the last 30 days with + 26%. Only Polygon cryptos with + 132% and Ethereum Classic with + 46% do better among the top 20. That is to say the resilience of Cardano!