While investors are considering which cryptocurrencies to invest in due to the volatile nature of cryptocurrencies and sudden sharp drops, popular analyst Alex Krüger shed light on investors in his post on Twitter.
In his post, the analyst wrote that new investors entering the crypto market are inclined to Cardano (ADA).
“I met an old friend who just got into the crypto industry. And the first coin he bought? I guess this is ADA because of a podcast and beginners flock to buy ADA. That’s incredible.”
After a commentator wrote under the post that he was curious about the reason for this trend, Krüger said that he believed it was due to the YouTube channel of Charles Hoskinson, the co-founder and CEO of Cardano company IOHK.
The popularity of Cardano among newcomers has demonstrated that Hoskinson is constantly updating and active on his channel and project. He cited Hoskinson’s “Ask Me Anything” session as an example.
The analyst also told Cardano that it is difficult to find another project leader with the same passion and high energy as Hoskinson.
Hoskinson, who is so active on his Youtube channel, announced that he will take a two-week break from social media as of September 29, when the Cardano 2021 Summit ends.
Just met with an old friend mine who just got into crypto.
His first coin?
you bet, $ADA. Because of a podcast. Newcomers always go for $ADA. Simply amazing.
— Alex Krüger (@krugermacro) October 9, 2021
*Not investment advice.