Cardano Price Analysis: Hoskinson Claims Cardano as “Number 1” Blockchain Despite ADA’s Bearish Trend
Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.
Over the past 24 hours, the Cardano price has seemingly breathed new life, with a 3.83% uptick.
This comes amidst Cardano CEO Charles Hoskinson’s claims that Cardano is the “Number 1” blockchain despite its recent underperformance.
This represents a comeback from what has been a disappointing week for Cardano, down 6.26% since last Monday, struggling to break ground after a market boost brought by better-than-expected U.S. jobs data.
Indeed, with today’s rebound, eyes are back on Cardano.
The altcoin’s trading volume has surged a steep 44.55% to $189.3 million over the past 24 hours.
Hoskinson made these bold claims in several recent X posts, affirming that the popular proof-of-stake blockchain is still “number 1,” crediting this status to a noteworthy edge in decentralized governance over other blockchains.
Interestingly, this comes as Hoskinson is preparing to unveil a new roadmap at the Cardano Summit in Buenos Aires, Argentina.
According to him, these “amazing” items on the yet-to-be-released roadmap would significantly set Cardano apart from other blockchains.
For those wondering, Cardano is still number 1. It's not even close with Decentralized governance and all the amazing roadmap items coming
In past comments made during the Token2049 event in Singapore, Hoskinson highlighted Cardano as a contender for the throne, asserting its potential to prevent the “dictatorship of Ethereum” and the “anarchy of Bitcoin.”
He emphasized Cardano’s lasting solution to the “governance trilemma” of “efficiency, effectiveness, and integrity,” positioning it
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