• ADA doesn’t need magical Cardano 2 to survive, according to Hoskinson.
• He said this in a form of response to the ongoing FUD around Cardano.

Cardano’s Charles Hoskinson has felt the crypto market’s fear, uncertainty, and doubt (FUD) about the seemingly never-ending ADA’s downtrend nowadays. This made him react that despite the ongoing crisis, Cardano doesn’t need any magical Cardano 2 to survive.

Moreover, on one hand, the current uncertainty is a future-proof design and evidence to clear any doubt whenever Cardano regains a prestigious strength to spike a new price outlook, according to him.

And they are terrified because there doesn’t need to be some magical Cardano 2 to survive. It’s a future proof design and we are systematically building towards it together with the strongest and most engaged community brick by brick https://t.co/JDOKhAwrZA

— Charles Hoskinson (@IOHK_Charles) November 28, 2021

 

In the post, Hoskinson confidently mentioned that they have teamed up with an extraordinary performance to systematically improve ADA’s functionality. Additionally, he further noted a smooth statement that even with the help of their most-engaged Cardano community, ADA will start a flourishing performance in a step-by-step fashion in the coming days.

Many think that the reason why ADA’s FUD is so loud in the market is because it claims to be an alternative crypto to Ethereum (ETH). Others also have a strong belief that regardless of anything that happens, this moment is not an end-game for Cardano. Rather, it is preparing to come back with a competitive bullish appearance.

Cardano’s price is trading at $1.59 with a market capitalization of $53 billion. Nonetheless, despite the crisis, the ADA’s market cap value makes it rank number 6th largest crypto in the world on CoinMarketCap.