Cardano supporters are optimistic about the future of the cryptocurrency, a recent poll reveals. This is partly to an opposite approach from Terra Luna’s Do Kwon, as the founder of Cardano (ADA) and the CEO of The Input-Output Global, Charles Hoskinson, is not in a rush to add new features to the network. ‘Slowly, but surely’ is the right approach for Cardano (ADA), as the network’s native token enjoyed a surge in price during the last 7 days.
Monthly wrap-up of on-chain data #Cardano #blockchain #ProjectCatalyst pic.twitter.com/Z49EzDFSaLTables Have Turned for Cardano (ADA)— Cardano Foundation (@CardanoStiftung) June 1, 2022
Charles Hoskinson has been hit with disses by Terra’s Do Kwon on social media numerous times. Furthermore, many members of the crypto community thought Mr. Hoskinson is moving too slow with the integration of DeFi applications and smart contracts on his blockchain network. Therefore, The CEO of The Input-Output Global had something to say about the turmoil surrounding the crypto market: ‘If you move too quickly, as we’ve seen with Luna, and we’ve seen with $10.5 billion of hacks last year, you could actually get it to work until it doesn’t, and then when it doesn’t it’s a catastrophic failure and everybody loses their money’.
#Cardano founder Charles Hoskinson stated that sustainable blockchain-ecosystems should lengthen slowly - in years and stages, not weeks and months.He also added that one of the reasons for #Terra's collapse is the environment in which the network has developed.Crypto Community is Optimistic About Cardano’s Future— Crypto Ghost (@ghost_in_crypto) June 1, 2022
A major upgrade for the Cardano blockchain is coming around the corner. The recent spike in Cardano (ADA) price only confirms the community is positive about the future of the cryptocurrency. The Vasil hard fork is bound to add 4 new Cardano Improvement Proposals to the network. Those are:
- CIP-31 (Reference Inputs)
- CIP-32 (Inline Datums)
- CIP-33 (Reference Scripts)
- CIP-40 (Collateral Outputs)
Cardano (ADA) is Moving Up on the List
Thanks to the recent price surge, Cardano moved to #6 on the list by total market capitalization. At press time, Cardano (ADA) is priced at $0.578166, according to CoinGecko. Cardano went up as high as $0.672242 on May 31st, but in comparison to ATH ($3.09), is still 81.2% down. However, Cardano (ADA) enjoyed a 14% gain over the last two weeks and suffered less than its competitors in the TOP 20 from the recent crypto market crash mostly caused by Terra.
