Subtle Jab or Real Criticism?
Cardano founder Charles Hoskinson recently commented on a comparison between Solana (SOL) and Cardano (ADA), sparking speculation about his opinion on Solana’s network value.
Hoskinson responded to a tweet by saying, “Number goes up != good ecosystem or real network value.” This statement has raised eyebrows, as it suggests that Solana may have a strong ecosystem but lacks real value.
Hoskinson’s History of Solana Criticism
This is not the first time Hoskinson has expressed reservations about Solana. In February, he joked about Solana’s developers potentially restarting the network to fix an outage. In January, he criticized Solana’s marketing spending.
ADA’s Challenges
Despite Hoskinson’s skepticism, ADA faces competition from other cryptocurrencies, such as Dogecoin (DOGE) and Shiba Inu (SHIB). Additionally, ADA needs to gain market share to compete with SOL, which is currently ranked higher.
Future of ADA
Hoskinson has not commented on whether ADA will reach a new all-time high. Analysts have varying opinions, with some predicting significant gains and others suggesting a decline to zero.
At the time of writing, ADA is trading at $0.7334, down from the previous day.
