Popular altcoin project cardanoThere was a “bear market” discussion between Charles Hoskinson, the founder of .
“The feeling you get when you lay all the foundations right and your protocol grows faster and more decentralized with its community,” Hoskinson previously shared.
When a follower of the famous CEO replied to this post as “and the price continues to fall”, Hoskinson said that the drop in price was not related to ADA and they could not prevent it.
Hoskinson said the following about the decrease in price;
“Yes, it’s called a bear market. This is it. Nothing can change it. No announcement makes a difference.”
Stating that Cardano may continue to decline in the bear market, despite being a balm for many ailments, the CEO added;
“Even if Cardano beat the cancer, we would still fall.”
Yes, it’s called a bear market. That’s what happens. Nothing changes it. No announcement makes a difference. Cardano could cure cancer, give you a ten inch dick, give you a personal poker playing robot that also drives grandma to church on the weekends, and we’d still fall
— Charles Hoskinson (@IOHK_Charles) May 9, 2022
ADA, which rose to the level of $ 3.1 in 2021, could not get out of the bear market as of September 2021. The popular altcoin, which is trading 78% below its peak, continues to be traded at $0.66 as of our news hour.