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Charles Hoskinson Mocks Cardano (ADA) Skeptics: 'When Will This Epidemic End?'

News
Tue, 05/26/2020 - 10:48
Vladislav Sopov
Cardano (ADA) founder Charles Hoskinson is quick to answer to Crypto Twitter trolls joking about the Shelley Mainnet release
Charles Hoskinson Mocks Cardano (ADA) Skeptics: 'When Will This Epidemic End?'
Cover image via www.youtube.com
Contents

The Cardano (ADA) Friends & Family testnet has barely finished its second week, but some commenters are already posting poisonous comments about its roadmap.

60% drop in store for Cardano (ADA)?

The ambassadors of Cardano (ADA) started publishing their video updates in the second week of the F&F Cardano Testnet. Crypto trolls immediately responded with dramatic predictions.

According to their worst estimates, Cardano (ADA) smart contracts won't launch this year and not even by Q1, 2021. In 2020, the development progress of Cardano won't go beyond Haskell testing, they anticipate.

Responding pessimistically to these delays, trolls outlined that such lags may result in both a Cardano (ADA) price collapse and a shift in project management policy:

Be prepared to see Ada price possibly touch the .02 price range as Haskell Shelley gets dragged out, and Goguen pushed into 2021. Will be interesting to see if IOHK's contract gets extended another 3-5 years as these test-nets drag out...

It should be recalled that at press time Cardano (ADA) is trading at $0.053 on major spot exchanges.

Haters gonna hate

Cardano (ADA) leader Charles Hoskinson knows no mercy for such annoying criticism. His only advice to attacks of this type is to reconsider paint chip consumption.

Mr. Hoskinson's position is supported by the vast majority of Cardano (ADA) community members. They noticed that if anyone should be worried about the mainnet release delay, it is Ethereum (ETH) 2.0 devs.

In a recent exclusive interview with U.Today, Mr. Hoskinson admitted that managing expectations is the biggest challenge for Cardano (ADA) progress:

We're building a Ferrari, but there’s market expectation of delivering a Toyota.

However, he is certain that the Cardano (ADA) product is 'the most extensible, meaning that you can add things to it very rapidly and it works well'.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)