• Popular crypto journalist, Laura Shin, engaged Cardano founder Hoskinson, asserting the latter did not finish a degree course leave alone a Ph.D.
• Cardano (ADA) exchanged hands at around $0.81, losing over 15 percent in the past seven days.

In the crypto world, decentralization is key and Cardano is no exception. Notably, crypto project founders are mostly the largest investors thus capable of centralizing projects through token governance. To a great extent, Charles Hoskinson is a significant figure in the Cardano Foundation and also the company behind the project, IOG. Thereby, his credibility is a high-impact aspect of the ADA price action.

Think of it, Bitcoin’s success is largely attributed to its tamper-proof security developed by Satoshi. Additionally, Ethereum’s notable milestones largely contributed to the credibility of its founders including Vitalik Buterin. 

Cardano’s rise to the top 20 digital assets is not without the association of Hoskinson’s reputation. Things are now turning against the successful blockchain developer. 

Popular crypto journalist, Laura Shin, engaged Cardano founder Hoskinson, asserting the latter did not finish a degree course leave alone a Ph.D. as claimed by the founder.

“Hi Charles, speaking of fiction, do you want to address the discrepancies between your claims of dropping out of a Ph.D. program and the schools’ assertions that you were enrolled as an undergrad?” Shin tweeted with some supporting documents.

Listen to what one of the documents had to say, “when asked about his degree, he claimed, as he had for years, that he had dropped out of a Ph.D. program. The Metropolitan State University of Denver, which doesn’t have a graduate math program, said he had been enrolled part-time as a math major between 2006 and 2008 and again from 2012 to 2014, and the University of Colorado, Boulder, said he was a half-time undergraduate math major for four semesters from spring 2009 to fall 2011. He never earned a degree from either.

As of press time, Hoskinson had not replied to the statement by Shin.

Cardano (ADA) price action and market outlook

According to our data, Cardano (ADA) exchanged hands at around $0.81, having lost over 15 percent in the past seven days. However, it is worth noting the asset is up approximately 4,125 percent from the all-time low set around two years ago. For the short-term hodlers, ADA is down approximately 73 percent from its all-time high.

The battle and search for the smart contract king continue, despite the long-standing aspect of the Ethereum ecosystem. Dubbed as an Ethereum-killer, Cardano’s future growth prospects risks being dragged into the debate of Hoskinson’s education background.However, that should not worry you as almost the entire crypto market is riding on the bears. Few exceptions of digital assets that are either retesting ATH or setting new highs include LUNA and AVAX. Nevertheless, the crypto winter might not be over yet as the dip might continue dipping in the coming months.